A string of eye-watering property deals has helped to turn it into Britain’s most expensive street.
The average price of a mansion in the affluent road in Kensington, West London, is an astonishing £19.2million, according to a study by property company Zoopla.
The figure is 93 times the national average house price of £205,985. Even a single square foot of land in the street would cost you £1,193.
Britain’s richest man Lakshmi Mittal, a steel magnate worth £23.8billion, bought one of the houses for £57million from the Formula One boss Bernie Ecclestone in 2004, and renamed it Taj Mittal.
Since then he has bought another home on an adjoining street for a record £117million from hedge fund tycoon Noam Gottesman. » | Arthur Martin and James McMeekin | Wednesday, June 01, 2011
