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MORE than 1,300 streets in England have an average house price of £1million-plus, research has revealed. And one of those is in Kent.
The findings offer a dramatic insight into the soaraway property market.
In 2000 only 322 streets could boast that the average value of a home or flat there was a seven-figure sum.
Now, the number is 1,352. And according to property information firm Mouseprice.com, this estimate could even be conservative because it excludes streets where there have been too few sales, or there are too few houses, to provide an accurate record.
The most expensive road in Kent is revealed as Parkfield, Sevenoaks, where the average price is just over a staggering £2.5million.
It comes in at number 79 in the top 100.
Every day, 15 homes in England and Wales are being sold for £1million or more, according to the Land Registry.
This includes about three sold for more than £2million, a price which would involve typical monthly mortgage repayments of £14,500.
The research comes within days of news that the average price of a home has jumped above £200,000 for the first time.
Millions of homeowners who bought before the boom are sitting on a fortune, but the rest of the country fear they will never be able to afford to buy their own home unless the market crashes.
London – where the average price is approaching £300,000, according to Government figures – dominates the list of streets paved with gold.
The most expensive place to live is Kensington Square, a beautiful square with a large communal garden.
The average value of a home on the square, which is regularly voted as one of the capital’s best addresses, is £5.5million.
The Royal Borough of Kensington and Chelsea dominates the top 20, with 16 entries.
In November last year, it became the first borough in Britain where the average asking price was above £1million. A former cleaner’s storeroom there was recently sold for £170,000 – despite being the size of a snooker table.
The highest-placed street outside the capital is Portnall Rise in Virginia Water, Surrey, where the average home will set you back £3.4million – 17 times the national average.