Kensington Palace Gardens named UK's most expensive street

Home to several billionaires, a recent property survey estimates average property price of street to be 19.2m
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A general view of a house along Kensington Palace Gardens, which has been named as Britain's most expensive street on June 1, 2011 in London, England. A recent property survey estimates the average house price of the street to be £19.2m. Many of the mansions are occupied by billionaire businessmen, embassies and ambassadorial residences (Getty Images)
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Britain's Property Rich List 2011, released on Wednesday by leading property website Zoopla.co.uk, reveals Kensington, London W8, to be by far the most expensive neighbourhood in the country to live, with average house prices there standing at almost £1.75m (Getty Images)
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Topping the list of the most expensive streets in Britain is Kensington Palace Gardens, W8 – also known as Billionaires Row - where the average property price is a staggering £19.2 million. (Getty Images)
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A general view of houses along Kensington Palace Gardens. According to the study by Zoopla, London tops the list of places with the most Million Pound Streets by far with 2,290, followed by commuter hotspot Guildford with 89 and footballer’s paradise, Cobham, in third place with 78 (Getty Images)
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A general view of Kensington Palace Gardens. The average home in Kensington now costs £1,737,862 according to the study by Zoopla.co.uk (Getty Images)
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A general view of a house along Kensington Palace Gardens, which has been named as Britain's most expensive street. This exclusive gated street is home to Saudi and Brunei royalty, Russian oligarchs and Britain's richest man, Lakshmi Mittal, who owns not one but three properties on the street (Getty Images)
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According to Zoopla, the eye-watering house prices in Britain’s most expensive neighbourhoods reflect a premium for their location, not necessarily the space they offer (Getty Images)
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A general view of Kensington Palace Gardens, which has been named as Britain's most expensive street on June 1, 2011 in London, England. A recent property survey estimates the average house price of the street to be 19.2 million GBP. Many of the mansions are occupied by billionaire businessmen, embassies and ambassadorial residences (Getty Images)