Belgravia tops the list of wealthiest places to live in the UK

London’s Belgravia is home to England and Wales’ most expensive street, according to the latest research from Lloyds Bank.

Grosvenor Crescent, located in the heart of Belgravia between Hyde Park Corner and Belgravia Square, has an average price of £16.9m – outshining not just the rest of London but the entire UK.

Belgravia has long attracted wealthy buyers to the area due to its graceful white stucco residences, sweeping crescents, private garden squares and closeness to all the amenities of close by Knightsbridge, Pimlico and Chelsea. This has created the nation's wealthiest district - as three of the top five most expensive streets in the UK are in Belgravia.

The second most expensive street is Ilchester Place in Holland Park, with an average house price of £16,700,000.  Holland Park, in the district of Kensington and Chelsea also has an affluent and fashionable reputation with many large period residencies that attract the rich and famous.

The following four on the list of wealthiest places to lice – which all are in the prime residential areas of the City of Westminster and Kensington and Chelsea – all have an average price of over £10m and two over £16 million.

Eaton Square, last year's most expensive street, is now third with an average price of £13,585,000, down from £17m last year, followed by Chester Square – with an average price of £12,534,000. Carlyle Square (£11,618,000) and Kensington Road (£10,185,000) make up the remaining £10 million plus streets.

Outside of London, seven of the top 20 most expensive streets in England and Wales are in Surrey, three are in Weybridge, and three in Oxford – meaning southern England tops the charts for wealthy locales to live.

"The prime London boroughs of Westminster and Kensington and Chelsea continue to reign supreme with Britain's most expensive streets,” says Andrew Mason, mortgage products director at Lloyds Bank. “Six addresses in the two boroughs come with a price tag of over £10 million with the top two over £16 million.

"As expected, addresses in London and the South East top the list of most expensive places to live, our research shows that all other regions have at least one £1 million street.”