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Millionaires’ rows decline amid a fall in house prices

THE number of ‘million pound streets’ has fallen by more than 1,800 over the past year, latest analysis shows.

A total of 15,484 streets across Britain have an average property value of at least seven figures, down from 17,289 last September, according to Zoopla.

The bulk of the losses have been in London and the south-east, which are home to the majority of million pound streets but are also areas where prices have fallen in general. There was a dip of two per cent in the south-east in July and a 1.4 per cent fall in the capital.

Kensington Palace Gardens (pictured) in west London remains Britain’s most expensive residential road, with houses worth £32.8million on average. But even the ‘boulevard of billionaires’ has seen a £2.8million drop from a year ago.

Next on the list is Courtenay Avenue near Highgate Golf Club in north London, where the average home would set you back £19.5million.

Grosvenor Crescent in Westminster, home to the Belgian embassy, comes in third at £19million.

While London dominates Zoopla’s top ten, outside the capital, Montrose Gardens in Leatherhead, Surrey, was identified as the priciest road, with an average house value of £6.5million.

The research also found that, away from London, million pound streets are clustered in Reading, which has 207, Guildford (200), Sevenoaks (196) and Leatherhead (190).

By contrast, there are 31 million pound streets across the whole of Wales, a loss of two from 2018.

The only nation or region to increase its number of million pound streets compared with a year ago was Yorkshire and the Humber, which now has an extra four — taking its total to 165.

AROUND 8.4million people are living in unaffordable, insecure or unsuitable homes in England, the National Housing Federation says. Homelessness, debt, ill health and overcrowding are to blame, giving many children an unfair start in life, says the report, based on a survey of 40,000 people. Calling for proper funding for social housing, federation chief Kate Henderson said the crisis ‘cannot be solved by tweaks around the edges’.