Four bedroom property for sale through Zoopla on the most expensive street in the West Midlands
A street in Solihull has been revealed as the most expensive in the West Midlands.
Zoopla’s Rich List for 2021 has identified the most expensive streets across the UK, with Kensington Palace Gardens coming out on top as Britain’s most expensive street for the 13th consecutive year.
The capital is also home to the top ten most expensive streets in the UK, led by Kensington Palace Gardens (W8) with an average property price of £29,898,000.
Courtenay Avenue (N6) is in second place with an average property price of £19,440,000, and Grosvenor Crescent is in third with an average property price of £17,212,000.
Outside of London, Titlark Hill in Ascot comes out on top - with average property prices of £8,410,000 followed by Montrose Gardens in Leatherhead, Surrey, which had an average price of £7,017,000.
Five streets in the exclusive Surrey enclave of Virginia Water feature in the most expensive list outside of London, including Portnall Rise in third place with an average property value of £6,408,000, Woodlands Road East and Wentworth Drive.
What is the most expensive street in the West Midlands?
Lovelace Avenue in Solihull (B91) takes the crown as the most expensive street in the West Midlands, with an average house price of £2,093,000.
Across the largest counties in the country outside of the capital (based on population), Lovelace Avenue is the sixth most expensive street.
One house on the private Solihull road, pictured below, is currently on the market for £1,250,000.
The four bedroom property has a fantastic cantilevered flat roof, sandwiched between the two storeys, and is set centrally in the 1/3 acre surrounding curtilage.
A property in Lovelace Avenue is obviously a lot higher than the majority of house prices in Solihull. Properties in the town had an overall average price of £371,833 over the last year, according to Rightmove.
Properties in Birmingham had an overall average price of £232,975 over the last year, and properties in Sandwell had an overall average price of £215,339 over the same period.
Why are house prices high in some areas of Solihull?
Solihull was voted the ‘UK’s best place to live’ in 2013 as well as the West Midlands’ most affluent area, primarily because it has a selection of top state and private schools, including the Tudor Grange Academy.
A lot of the priciest roads in Solihull are close to the schools, including Alderbrook Road, which had an overall average price of £1,415,000 over the last year according to Rightmove, and Hampton Lane which had an overall average price of £589,500.
The town is also full of historic architecture and is surrounded by picturesque countryside and has plenty of outdoor green spaces.
Solihull is also a great location for shopping - Touchwood Shopping Centre is home to some of the best known retail brands in Britain.
How does the West Midlands compare with the UK?
As of September 2021, the West Midlands had 205 streets with an average property price of £1 million - the sixth most in the UK.
The county also now has 68 more streets with an average property price of £1 million than it did in September 2020.
London again comes out on top, with 4,544 streets with an average property of £1 million, while South East England has 4,366 and South West England has 512.
The North West has 276 streets with an average property price of £1 million, and Scotland has 136.
Gráinne Gilmore, Head of Research at Zoopla, said: “This data illustrates how the type and size of properties coupled with some of the most desirable locations around the country create prime areas, resulting in some most valuable residential streets in the country.
“London comes top when it comes to the UK’s prime markets, but the wider commuter zone in the South East is also home to some of the highest-value addresses, reflecting the size and type of housing stock in these regions.”
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