London is a city of luxury and opulence, with a multitude of exquisite properties that are worth millions of pounds. From the grand mansions in Kensington to the penthouses in Mayfair, the city has no shortage of high-end real estate. However, one street stands out from the rest when it comes to property prices – Knightsbridge’s Kensington Palace Gardens.
Kensington Palace Gardens, also known as Billionaires’ Row, is home to some of the wealthiest people in London and boasts a staggering property price tag. In fact, it is considered one of the most expensive streets in the world.
The street is located near Kensington Palace and stretches for about half a mile. It is lined with trees and features some of London’s most impressive properties. The average house price on this street is estimated to be around £35 million ($47 million), but some homes have sold for as much as £200 million ($268 million).
What makes Kensington Palace Gardens so expensive? For starters, it is located in one of London’s most exclusive neighborhoods.
The area offers easy access to high-end shops, Michelin-starred restaurants, and world-class museums. It also provides excellent security measures for homeowners, including 24-hour security patrols and CCTV surveillance.
But it’s not just about location – the properties on Kensington Palace Gardens are truly remarkable. They are often historic mansions that have been renovated with modern amenities such as swimming pools, private cinemas, gyms, and underground parking garages.
One notable property on this street is Witanhurst – a Grade II listed mansion that was built in the early 20th century. The property was bought by a Russian billionaire for £50 million ($67 million) in 2008 and underwent extensive renovations before being put up for sale again in 2021 with an asking price of £100 million ($134 million).
Another famous property on Kensington Palace Gardens belongs to Lakshmi Mittal, one of the world’s wealthiest men. Mittal’s home, known as the “Taj Mittal,” is a 12-bedroom mansion that reportedly cost £57 million ($76 million) to purchase and £50 million ($67 million) to renovate.
If you’re in the market for a property on Kensington Palace Gardens, be prepared to shell out some serious cash. However, if money is no object, this street offers some of the most luxurious and exclusive properties in London – and possibly even the world.
In conclusion, Kensington Palace Gardens is undoubtedly the most expensive street in London. Its combination of location, security measures, and magnificent properties make it a highly sought-after address for the ultra-wealthy. If you’re looking for a taste of the high life in London, this iconic street should definitely be on your radar.