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A typical property in Kensington Palace Gardens, central London, sells for £19.2m - 93 times more than the national average house price of £205,985. A single square foot of land in the London borough of Kensington now costs £1,193, figures show. A home in the borough costs an average £1,735,484.

The area is home to celebrities including TV chef Nigella Lawson, F1 chief Bernie Ecclestone, X-Factor judge Simon Cowell and pop star Madonna. There are now 5,922 streets across the country where the average home costs more than £1 million, the study by property website 

The commuter hot spot of Guildford, Surrey, came second with 89 "million pound streets", while Cobham, Surrey, came third with 78. More than 220,000 Britons now own a property worth more than £1m. All ten of the most expensive streets and nine out of ten of the most expensive postal districts in Britain are in the 

Kensington Palace Gardens – known as Billionaire's Row – is home to Russian oligarchs, Brunei royalty and Britain's richest man, Lakshmi Mittal, who owns three properties there.
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