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Mittal
residences are on UK's most expensive street
Indo-Asian News Service
London,
Sep 5 (IANS) The street on which UK's wealthiest Indian lives
is the country's most expensive street.
In
a list of Britain's costliest streets, the top slot has been
grabbed by Kensington Palace Gardens, popularly known as Billionaire's
Row, where Arcelor's Laxmi Mittal has purchased three houses.
As
per a ranking of Britain's 20 highest value streets, compiled
by property website Zoopla, London's Kensington Palace Gardens
is top-ranked with an average house price of about 41.4 million
pounds, while Compton Avenue in Hamstead, North London, has
come as the distant second with an average price of 7.5 million
pounds.
All
the 20 costliest streets in Britain are in London.
Last
month, Mittal reportedly purchased a 70-million-pound house,
formerly the Philippines embassy -- for his daughter Vanisha
on this street, close after a world record 117-million-pound
mansion bought for his son Aditya and the third for the family
in the same area. About four years ago, Mittal had purchased
his first house on the Billionaire's Row for 57 million pounds.
The
combined value of the three properties owned by Mittal family
on this street is said to be valued at about 440 million pounds
- nearly 200 million pounds more than the amount paid for
these properties over a period of four years.
The
street has been home to a number of celebrities even before
Mittals came here. Late Princess Diana once lived in this
street in central London and its current residents include
Chelsea Football Club owner Roman Abramovich.
Kensington
Palace Gardens is a private avenue lined with trees and dotted
with foreign embassies.
The remaining eight in the top 10 are Courtenay Avenue, Chelsea
Square, Manresa Road, Ilchester Place, Spaniards Close, Elm
Walk, Essex Villas and Gilston Road.
Others
in the top-20 list include Carlyle Square, Kensington Square,
Eldon Road, Mulberry Walk, Cottesmore Gardens, Victoria Road,
Earls Terrace, Winnington Road, Ingram Avenue and Albert Place
ranked last with a price tag of over 4.5 milion pounds.
Indo-Asian
News Service
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