The locations on the standard British version of the board game Monopoly are set in London and were selected in 1935 by Victor Watson, managing director of John Waddington Limited. The only location south of the River Thames is Old Kent Road.

The London version of the game was successful, and in 1936 it was exported to Continental Europe, Australia, New Zealand and South Africa, becoming the 'de facto' standard board in the British Commonwealth.

The relative wealth of the various places has changed slightly. Whitechapel Road is now the cheapest (as opposed to Old Kent Road) but Mayfair remains the most expensive; in 2016 an estimate by loan provider West One showed the average house price on each was £590,000 and £3,150,000 respectively.

The final list mixes well-known landmarks with relatively obscure locations. There appears to be no specific motivation for how they were chosen.

More Info: en.wikipedia.org