When buying a house, there are a lot of things which must be considered, such as the size of property and how many rooms it has. The location of the property is also a huge factor for many buyers but where they chose to live can make a huge difference on how much cash they part with. While many people know setting up camp in London will be expensive, research by property portal, Vyomm, showed living on some streets could set you back as much as £15 million. Those hoping to buy in the capital could spend much more money just depending on what street they choose to live on.
Regardless of what’s thrown at it, prime central London’s traditional property hunting grounds will always hold an appeal that far outweighs any temporary market upsets and as a result.
Looking across central London, the portal revealed living on the street Knightsbridge will cost the most, based on the sales records of the last year.
To buy a property on that street, homeowners are likely to pay around the average price of £15,593,900, based on 15 properties sold there in the last year.
Those looking to live on Ashburton Place will be set back by a staggering £12,619,048.
Of all the top ten most expensive streets to live in, five are in the City of Westminster and the other five are in Kensington and Chelsea.
Among all these properties, even the cheapest street, Millbank, will set buyers back by an average of £5,570,000.
Property for sale: Knightsbridge will cost the most, based on the sales records from the last year (Image: GETTY)
Utsav Goenka, founder