Belgravia square retains its title as most expensive place to live

Permalink: Belgravia square retains its title as most expensive place to live
by Kay Murchie

Research by housing information website Mouseprice.com has found Chester Square in London’s Belgravia retained its status as the most expensive place to live in 2010 with an average property value of £6.6 million.

According to Mouseprice, in the last year alone, prices have surged by £300,000 in Chester Square, whose previous residents include former Prime Minister Margaret Thatcher, Chelsea Football Club owner Roman Abramovich and Frankenstein author Mary Shelley.

Chester Square, which contains stucco-fronted period properties, has seen properties changing hands for around £7 million, while in 2008 there were four huge transactions with homes selling for between £12.2 million and £19.7 million.

The Square, which is between Victoria and Sloane Square, is one of the three garden squares built by the Grosvenor family when they developed the main part of Belgravia in the 19th century.

The survey, which was based on Land Registry sale price statistics, also found that Wales was bottom of the list with an average value of £676,320.