A Londonproperty in one of the city's most exclusive districts has topped the list of the most expensive properties placed on the market in the country so far this year.
Nestled near Buckingham Palace and the Houses of Parliament, Buckingham Gate in Westminster was found by Rightmove to have the highest average price being asked by home-sellers so far this year, at £9,633,333.
Outside London, Old Avenue in Weybridge, Surrey, had the highest average asking price for properties in 2024 so far, at £2,633,333, the property website found.
OnPavilion Road (pictured) in Knightsbridge, central London, renters will need an average of £15,251 per month for a new let
The street has the second highest asking rates for lets
Vicarage Gate, Holland Park, has the second highest average asking prices this year so far at £6,332,000
Prince of Wales Terrace, Kensington, has one of the most expensive monthly rents on average this year so far
The asking price of houses in Cadogan Square, Knightsbridge has been around £4.9 million according to Rightmove's data
After Buckingham Gate, the next highest average asking price was found in Vicarage Gate in Holland Park in west London, at £6,332,000.
Rightmove said sales searches for London boroughs including Mayfair, St John's Wood and Holland Park have increased this year, compared with a year ago.
Looking at homes to rent, the highest typical asking rents were found in Albion Street in Bayswater, central London, at £20,857 per month. This was followed by Pavilion Road in Knightsbridge, central London, where renters will need an average of £15,251 per month for a new let.
Outside London, Rightmove found the highest average asking rent was in London Road in Ascot, Berkshire, at £6,831 per month. Manor Road in Chigwell, Essex, had average asking rents of £4,311.
Outside London, Old Avenue in Weybridge, Surrey, had the highest average asking price for properties in 2024 so far, at £2,633,333
The price of homes in The Ridgeway, Cuffley, Potters Bar, Hertfordshire, was £2,289,286
Swithland Lane, Rothley, Leicester, £2,024,000
Norsey Road, Billericay, Essex, £1,800,000
Manor Road, Chigwell, Essex, £2,219,444
Meanwhile, renters looking for properties in Manchester's vibrant city centre face average monthly rents of £3,766 in Deansgate, the research indicates.
Tim Bannister, a property expert at Rightmove, said: 'London's status as the hub of luxury property in the UK remains unchallenged, with Buckingham Gate in Westminster commanding the highest average asking price.
'Although the possibility of buying one of these homes is limited to a very lucky few, there's clearly a fascination with these prestigious homes as we find they're often among our most viewed properties on Rightmove.'
Looking at homes to rent, the highest typical asking rents were found in Albion Street in Bayswater, central London, at £20,857 per month
Park Road in St John's Wood had the third highest average asking prices this year so far, according to Rightmove at £5,814,285
Simpson Loan in Edinburgh has an average asking price of £534,167
Rightmove found the average monthly asking rent in Deansgate in Manchester this year so far is £3,766 (Danny Lawson/PA)
It was followed closely in third place withDuke Street in Mayfair at £14,441
Rightmove's research was based on streets where there have been at least five properties for sale and rent this year, and so not all streets have been included.
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The findings were released as separate research indicated that one in five (20 per cent) aspiring first-time buyers do not think they will be in a position to make a purchase until they are at least in their 40s.
The survey, from Nationwide Building Society, found that nearly half (48 per cent) of people looking to get on the property ladder believe their prospects of owning a home are further away than ever due to the cost-of-living crisis.
When asked about the biggest barriers to getting that first home, nearly a third (31 per cent) highlighted saving for a deposit, while 44 per cent pointed to issues with affordability.
A fifth (20 per cent) said finding somewhere in their price range is an issue, 14 per cent highlighted being able to afford the monthly repayments, and one in 10 (10 per cent) pointed to the ability to borrow enough for the mortgage.
Nationwide's research was carried out by Censuswide in March among more than 1,000 people looking to get on the property ladder in the next five years.
– Here are the streets with the highest average asking prices this year so far, according to Rightmove (all are in London):
1. Buckingham Gate, Westminster, £9,633,333
2. Vicarage Gate, Holland Park, £6,332,000
This luxury home on Cadogan Square, Knightsbridge, has three reception rooms, four bedrooms and an additional studio flat
Homes on this street have some of the highest asking prices in the country at£4,834,500
3. Park Road, St John's Wood, £5,814,285
4. St John's Wood Road, Maida Vale, £5,389,444
5. Cadogan Square, Knightsbridge, £4,834,500
– And here are the streets with the highest property price tags in 2024 so far outside London, according to Rightmove:
1. Old Avenue, Weybridge, Surrey, £2,633,333
2. The Ridgeway, Cuffley, Potters Bar, Hertfordshire, £2,289,286
This semi-detached four-bedroom home is onManor Road in Chigwell, Essex
The road is one ofthe streets with the highest property price tags in 2024 so far outside London
3. Manor Road, Chigwell, Essex, £2,219,444
4. Swithland Lane, Rothley, Leicester, £2,024,000
5. Norsey Road, Billericay, Essex, £1,800,000
– Here are the streets with the most expensive monthly rents on average this year so far, according to Rightmove (all are in London):
1. Albion Street, Bayswater, £20,857
2. Pavilion Road, Knightsbridge, £15,251
3. Duke Street, Mayfair, £14,441
4. Prince of Wales Terrace, Kensington, £13,734
5. Cheval Place, Knightsbridge, £13,611
– And here are the streets with the most expensive monthly rents on average in 2024 so far outside London, according to Rightmove:
1. London Road, Ascot, Berkshire, £6,831
2. Manor Road, Chigwell, Essex, £4,311
3. Deansgate, Manchester, £3,766
This three-bed mansion is located on London Road in Ascot, Berkshire
The home is on the street with the most expensive monthly rents on average in 2024 so far outside London, according to Rightmove, at a whopping £6,831
4. Holloway Drive, Virginia Water, Surrey, £2,986
5. Ingrave Road, Brentwood, Essex, £2,898
– Here are the top three streets in Scotland which have commanded the highest typical property price tags this year so far, with the postal area, according to Rightmove:
1. Simpson Loan, Edinburgh EH3, £534,167
2. Clarkston Road, Glasgow G44, £308,125
3. Hyndland Road, Glasgow G12, £287,500
– Here are the top three streets in Wales which have commanded the highest typical property price tags this year so far, with the postal area, according to Rightmove:
1. Cathedral Road, Cardiff CF11, £442,500
2. Christchurch Road, Newport NP19, £346,875
3. Inverness Place, Cardiff CF24, £328,571
