The Manchester city centre road that's been named one of UK's most expensive streets to live on
A road in Manchester city centre has been named amongst the most expensive streets to live on in the UK. Rightmove's latest study has revealed which streets have the priciest properties for sale across the country, as well as those with the highest rent costs.
Deansgate has been listed as one of the top five most expensive streets to rent on outside of London. In 2024, Rightmove says renters looking for properties on the vibrant city centre road face average costs of £3,766 per month.
The main road, which runs north to south through Manchester city centre, is the longest road in the city at over one mile in length. It is lined with shops and bars, as well as the luxury Deansgate Square and Beetham Tower apartments at one end and No.1 Deansgate at the other.
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Across the UK, the highest rent costs 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 can expect to pay an average of £15,251 per month for a new let.
Outside London, Rightmove found the highest average monthly rent was in London Road in Ascot, Berkshire, at £6,831 per month. Manor Road in Chigwell, Essex, followed next with average asking rents of £4,311.
The top 5 streets with the most expensive monthly rents in 2024 (outside London), according to Rightmove:
1. London Road, Ascot, Berkshire, £6,831
2. Manor Road, Chigwell, Essex, £4,311
3. Deansgate, Manchester, £3,766
4. Holloway Drive, Virginia Water, Surrey, £2,986
5. Ingrave Road, Brentwood, Essex, £2,898
Buckingham Gate in central London, near Buckingham Palace and the Houses of Parliament, topped the list as the most expensive street to buy a home - with houses selling for an average price of £9.6 million. Outside of London, Old Avenue in Weybridge, Surrey, has the highest average asking price so far in 2024 at £2.6 million.
Rightmove reports that sales searches for London boroughs including Mayfair, St John's Wood and Holland Park have seen an increase this year compared to last year, with these areas being home to some of the priciest properties across the country.
Tim Bannister, Rightmove's property expert, 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."
Rightmove's research was based on streets where there have been at least five properties for sale and rent this year, and so not all streets have been included.