Outside London, Old Avenue in Weybridge, Surrey, had the highest average asking price for properties in 2024 so far, at £2.6m, Rightmove found.
Looking at homes to rent, the highest typical asking rents were found in Albion Street in Bayswater, central London, at £20,857 per month. This was followed by Pavilion Road in Knightsbridge, central London, where renters will need an average of £15,251 per month for a new let.
Outside London, Rightmove found the highest average asking rent was in London Road in Ascot, Berkshire, at £6,831 per month. Manor Road in Chigwell, Essex, had average asking rents of £4,311.
Meanwhile, renters looking for properties in Manchester’s vibrant city centre face average monthly rents of £3,766 in Deansgate, the research indicates.
Tim Bannister, a property expert at Rightmove, said: “London’s status as the hub of luxury property in the UK remains unchallenged, with Buckingham Gate in Westminster commanding the highest average asking price.
“Although the possibility of buying one of these homes is limited to a very lucky few, there’s clearly a fascination with these prestigious homes as we find they’re often among our most viewed properties on Rightmove.”