The latest revelation shows that homes typically cost a staggering 8.1 million pounds in the most expensive streets in England and Wales.
Situated just a stone's throw from London's Victoria and Albert Museum (VandA) and Harrods, Egerton Crescent in south-west London is one of six streets located in the London borough of Kensington and Chelsea which are all in the top 10 list compiled by Lloyds TSB.
According to the Mirror, house prices in central London have continued to shoot upwards over the past year amid strong interest from wealthy overseas buyers looking for a safe haven amid the uncertainty of the eurozone.
Merton in south-west London also claimed two places in the top 10 list. Parkside, skirting Wimbledon Common, came in second place with an average property price of 5.2 million pounds.
Campden Hill Square in the heart of London's Holland Park, which was last year's most expensive street, was pushed into third place this year, with an average price of 4.9 million pounds, the report added.
According to the report, away from London, the most expensive streets include Woodlands Road West in Virginia Water, Surrey, where homes are worth 3.2 million dollars on average and Leys Road in Leatherhead, also in Surrey, where homes have a 3 million dollars price tag.
Outside southern England, the most expensive street is just south of Manchester, in Park Lane, Altrincham, with an average house price of 2.1 million dollars, the report said.
The study used Land Registry records of sales which took place between January 2007 and September this year.
Here are the 10 most expensive streets in England and Wales, with their postcode and average house price according to Lloyds TSB:
1. Egerton Crescent, Kensington and Chelsea, London, SW3, 8.1 million pounds
2. Parkside, Merton, London, SW19, 5.2 million pounds
3. Campden Hill Square, Kensington and Chelsea, London, W8, 4.9 million pounds
4. Blenheim Crescent, Kensington and Chelsea, London, W11, 4.7 million pounds
5. Lansdowne Road, Kensington and Chelsea, London, W11, 4.7 million pounds
6. Home Park Road, Merton, London, SW19, 4.7 million pounds
7. Drayton Gardens, Kensington and Chelsea, London, SW10, 4.4 million pounds
8. Eaton Square, Westminster, London, SW1, 4.4 million pounds
9. Lancaster Gate, Westminster, London, W2, 4.4 million pounds
10. Duchess of Bedford's Walk, Kensington and Chelsea, London, W8, 4.2 million pounds