There are now 28 London neighbourhoods where the average house price is more than ?1 million, with areas spread across a quarter of the capital’s boroughs.The most expensive pocket of the capital was Norland ward in Kensington & Chelsea, just north of Holland Park and west of Notting Hill, where the median house price is ?2.9 million, according to research from mortgage broker Henry Dannell.A further 12 of the ?1m+ wards were in Kensington & Chelsea, London’s most expensive borough, with six in the second priciest, Westminster, where wards include Knightsbridge and Belgravia (average price ?2,830,000) and the West End (?2,450,000).According to Halifax, the UK’s most expensive street is Tite Street in Chelsea, where homes cost ?28.9 million, or 105 times the UK average.The Barnes ward of Richmond was the most expensive outside the top two boroughs, with an average property price of ?1.65 million.The ?1 million-plus wards weren’t only in London’s richest boroughs, however. The list also included Dulwich Village, Southwark (average price?1.4 million), Village (?1.38million) and Queen’s Park (?1.08million). Geoff Garrett, director at Henry Dannell, said that Chelsea and Kensington tend to dominate the spotlight in London. “But, London’s 1 million pound plus market for property isn’t just limited to the borough. There are many wards in as many as eight boroughs where a cool one million won’t buy you anything in today’s market. “READ MORE
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