Millionaires' row by the river

Fulham's Imperial Wharf is among the 20 most expensive streets in England and Wales, according to new research from Halifax.

The upmarket riverside development comes 14th in the list, with an average property price of £2,578,000.

Imperial Wharf is the only street in SW6 included in the list, but the neighbouring Royal Borough of Kensington and Chelsea contains half of the 20 highest priced residential streets including the most expensive, Wycombe Square, where the average price is £5,401.447.

All top ten most expensive streets are in London, including six more in Kensington and Chelsea, plus Ingram Avenue in Hampstead which was second with an average price of £4,872,500,  Stormont Road in Highgate and Parksideon the edge of Wimbledon Common in Merton.

The property prices in the survey are based on transactions recorded on the Land Registry database. Imperial Wharf however, is not typical of many of the streets, as it contains properties with a huge range of prices, from flats under £200,000 to multi-million pound houses.

Currently available at the development are studios priced from £182,700 and one bedroom apartments from £208,800 within the newest phase, Octavia House, being constructed on Townmead Road, just across the road from the new Imperial Wharf rail station.

Also in Octavia House is an eighth floor two bedroom apartment priced £899,950. Other apartments in this phase will be released in 2010, and the developer St George then plans to move on on to a new inland phase on Imperial Road, where it hopes to create 1,300 homes built around Chelsea Creek.

Local estate agents meanwhile have a variety of Imperial Wharf properties for sale. Foxtons has several two bedroomed apartments priced between £495,000 and £995,000; Savills is offering a three bedroom apartment in Dolphin House for £950,000 and Strutt and Parker is selling a four bedroom townhouse with four balconies in Imperial Crescent for £2,995,000.

December 30, 2009

December 30, 2009