London, July 24 : Princess Diana’s old street, dubbed Billionaire’s Row, has been named the most expensive place in the UK.

Chelsea FC owner Roman Abramovich and steel tycoon Lakshmi Mittal are among the residents of Kensington Palace Gardens in central London, where the average price of a house is 41.4 million pounds, reports the Sun.

The street is so exclusive that its prices are 34 million pounds higher than its closest rival, Compton Avenue in Hampstead, North London.

According to property website zoopla. co. uk, Britain’s 20 most costly streets are all in London, and the dearest towns are in the South East.

Costliest outside the South East is Salcombe, Devon, where houses cost an average 470,147 pounds.

Meanwhile, the cheapest towns include Grimsby, Hull and Middlesbrough, where properties can still be bought for less than 100,000 pounds. (ANI)