Sandbanks Millionaire's Row

There are more than 200 streets in England and Wales where the average home costs more than £1 million, research indicates.

Parkside, in the SW19 area of London, is the country's most expensive street, with the average property on it costing more than £5 million, Lloyds TSB said today.

It is followed by Wycombe Square, Blenheim Crescent, Mallord Street and Drayton Gardens, all in Kensington and Chelsea, where average house prices range from just over £4 million to £4.4 million.

More than half of the 20 most expensive streets in England and Wales are in Kensington and Chelsea, and all but two are in Greater London.

Woodlands Road West in Virginia Water, Surrey, is the most expensive street on which to live outside of London, followed by Burkes Road in Beaconsfield, Buckinghamshire, with both streets having average house prices of more than £2.7 million.

Overall, there are 228 streets in England and Wales where the value of homes averages more than £1 million, while there are 36 which have typical house prices of more than £2 million.

Nitesh Patel, housing economist at Lloyds TSB, said: ``Unsurprisingly, the most expensive residential streets in England and Wales are in London.

``Parkside in Merton, the most expensive street, is just a short walk to Wimbledon's famous All England club. However, the biggest concentration of expensive properties is in Kensington and Chelsea.

``The prime, central London location continues to attract affluent celebrities and ultra wealthy foreign businessmen, helping to drive up house prices. The survey shows that the most expensive streets continue to be tightly clustered in relatively small areas.''

Brundenell Avenue in Sandbanks, Dorset, is the most expensive street outside of London and the South East, with homes costing more than £2 million.

The most expensive street in the north is Withinlee Road in Macclesfield - where the average house price stands at £1,629,000.

Other high valued streets outside of the south include Torkington Road in Wilmslow and Park Lane in Altrincham, both in Cheshire, and Graham Parker Road in Newcastle.

Sedley Taylor Road in Cambridge is the most expensive street in East Anglia, with average house prices of £1.1 million.

But there are no streets in the East Midlands, West Midlands, Yorkshire and the Humber and Wales that have average property values of more than £1 million.

Instead, average homes cost £850,000 in Alderbrook Road in Solihull, the West Midland's most expensive street, while properties typically cost £865,000 in Sandy Lane in Northampton, the top place to live in the East Midlands.

Buying a home on Green Lane in Harrogate costs around £758,000, with the street one of five in the town that make it into the top 10 most expensive places to live in Yorkshire and the Humber.

Llantrithyd Road in the Glamorgan Vale commands the most expensive house prices in Wales at an average of £789,000.