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London's most expensive addresses

Belgravia address most expensive in country

6 million for a piece of the Square.

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Homes in the capital's most expensive address are still selling for well over £6m, new figures revealed today.

Chester Square in Belgravia is the costliest address in UK, with an average selling price of £6,296,000.

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Its residents have included Roman Abramovich, Margaret Thatcher and Frankenstein author Mary Shelley.

The top 20 most expensive streets in the UK are all in the capital, and properties within walking distance of Hampstead Heath dominate the list - Ingram Avenue, Courtenay Avenue, Winnington Road, The Bishops Avenue and Spaniards Close occupy the second to sixth spots in the survey by property website Mouseprice.com. But despite the eye-watering prices, the figures reflect how the downturn is hurting the upper end of the housing market.

Last year's most expensive street was Courtenay Avenue, with an average selling price of £6,803,900. This year the price has fallen by more than £1.6m.

Chester Square in Belgravia

"Even the most desirable streets are suffering from falls in property values," said a Mouseprice spokeswoman.

"But this year's number one road has had some credit crunch defying sales, making it jump to the top of the rankings despite never appearing on it in previous years. One property there sold recently for almost £20m."

London's most expensive addresses.

1. Chester Square, SW1 average house price £6.3m.
2. Ingram Avenue, NW11 £5.23m.
3. Courtenay Avenue, N6 £5.19m.
4. Winnington Road, N2 £5.03m.
5. The Bishops Avenue, N2 £4.79m.
6. Spaniards Close, NW11 £4.53m.
7. Ilchester Place, W14 £4.47m.
8. The Vale, SW3 £4.35m.
9. Cottesmore Gardens, W8 £4.31m.
10. Victoria Road, W8 £4.3m.