Located between Hyde Park Corner and Belgravia Square, the street has properties with an average price tag of almost £17m.

The second most expensive street was Ilchester Place in Holland Park, with an average house price of £16.7m, followed by Eaton Square (almost £13.6m).

Research has also found that there are six streets with an average house price of over £10m, all in Westminster and Kensington & Chelsea.

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Andrew Mason, mortgage products director at Lloyds Bank, said: "The prime London boroughs of Westminster and Kensington & Chelsea continue to reign supreme with Britain’s most expensive streets.

“Six addresses in the two boroughs come with a price tag of over £10m with the top two over £16m.

"As expected, addresses in London and the South East top the list of [the] most expensive places to live, our research shows that all other regions have at least one £1m street.

“Away from London, the survey shows that the most expensive streets are tightly clustered within Cheshire, Yorkshire and the Humber and Sandbanks in Dorset on the south coast."