House prices on Brompton Square in Kensington, London, vary by over £11m ($15m).
Of nearly 250,000 streets where a house has sold this year, Brompton Square had largest range, with a staggering £11.3m between its highest and lowest sale, according to estate agent Strike.
While the five-bedroom terraced house at number 19 sold for a hefty £17.8m in April, number 23 – less than 20 yards away – sold for “just” £6.5m a few months earlier, the study, based on analysis of HM Land Registry data.
Despite selling for a far smaller sum, number 23 actually has two more bedrooms – suggesting the buyer got a relative bargain.
The top 10 UK streets with the biggest difference in property prices
Brompton Square, SW3 2AD (£11.3m)
Blackfriars Road, SE1 9GQ (£8.4m)
Cork Street, W1S 3NB (£7.3m)
Harbour Avenue, SW10 0HQ (£7.2m)
Portugal Street, WC2A 2AT (£7.1m)
Chepstow Crescent, W11 3EB (£5.8m)
Water Lane, EC3R 6AP (£5.8m)
Old Church Street, SW3 5DL (£5.2m)
Eaton Place, SW1X 8DE (£5.1m)
Banks Road, Sandbanks, BH13 7QQ (£5.1m)
Nearly all of the top 10 streets are in London, with Blackfriars Road in Southwark and Cork Street in City of Westminster having the second and third largest differences of £8.35m and £7.3m, respectively.
The one exception is Banks Road on the famously exclusive Sandbanks peninsula in Poole, Dorset – home to football icons, Harry and Jamie Redknapp.
The most expensive property was a five-bedroom, two-bathroom detached house at number 117 that sold for £6.85m in August. In comparison, Flat 2 in Carina Court, with its three bedrooms and private beach chalet, was a “steal,” going for £1.76m on the same day.
For those looking for cheaper investments, there are 17 streets with a range of over £1m where the least expensive house actually costs less than the UK’s average property price of £244,513. These streets are spread out across the nation, from Chester to Brighton.
Outside London, the best opportunity from this list is in York, where one street sold homes with a price difference of £2.65m. Number 14 on Marygate Lane, a central road near the city’s historic museum gardens, sold for just £100,000 in August, while nearby Almery Garth was bought for £2.75m.
“It’s fascinating that house prices can vary by such large sums within a matter of metres. Over 250 UK streets had a value range of over £1m — and this variation presents an exciting opportunity for buyers and investors,” said Strike CEO Sam Mitchell.
“Let's be honest — most of us don't have seven figures to invest, but this useful insight can be used anywhere.
“Wherever you want to live, looking for a street with a big range in prices may reveal a savvy investment opportunity. You can find streets with big differences in prices all over the country."
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