London street Knightsbridge has a median house price of $28.5 million

You’re always told that you should think about the street you’re moving to when you buy a new house. So, if you’re interested in moving to a street paved with gold, caviar, and the satisfaction that can only come from owning more than one yacht, allow us to direct your attention to Knightsbridge, which was recently named the most expensive street in London.

But how expensive is expensive? Before we tell you, it’s probably best that you brew a nice, warm mug of tea and take a comfy seat. Ready? According to research from prime property website Vyomm, the median house price in the street is an utterly panic-inducing $28.5 million (£15.6 million).

That number is 33 times larger than the average house price in London, and is based on the 15 transactions that have occurred on the street in the past year. For reference, the Australian national median house price currently sits at $748,217.

Parallel to the beautiful Hyde Park, and surrounded by five-star hotels and shops that sell watches as expensive as a typical house, it’s unsurprising that the properties in this street fetch such alarming prices. 

There’s also the famed Harrods department store nearby, which could be far too plebeian a shopping experience for you if you happen to be wealthy enough to buy a property in this street. 

One property for sale on the street is a two-level apartment in the prestigious One Hyde Park block. Listed at $27.9 million (£15.2 million), the apartment boasts three bedrooms with en suites, dining room, and a balcony. The floor plan also lists a “reception room”.

Vyomm founder Ustav Goenka says London continues to draw high prices despite the political uncertainty Britain faces.

“Despite a fall in transactions and slower market conditions across the lower echelons of the market, London’s most prestigious locations continue to command a premium price tag,” he said.

“As the pinnacle of high-end home ownership within the capital these roads are not only the most expensive in London, but they remain some of the most sought after amongst buyers, with a consistent number of sales completing despite strong Brexit headwinds.

“Regardless of what’s thrown at it, prime central London’s traditional property hunting grounds will always hold an appeal that far outweighs any temporary market upsets and as a result, property will continue to sell and for more than a pretty penny.”

The second most expensive street in the city of London is Ashburton Place, where you can expect to pay a much more reasonable $23 million (£12.6 million). This feat is especially impressive given that the street was opened only in late 2017.

In third place is Campden Hill Road, at $15.5 million (£8.5 million). There’s no medal for fourth place, but the good people of Bedford Gardens are still living in houses that are worth roughly $13.5 million (£7.4 million), so they’ll probably make out OK. Those good people include several famous faces, such as Robbie Williams, Jimmy Page, the Beckhams and Simon Cowell.