LONDON (AFP) - Australia thrashed England by 405 runs to win the second Ashes Test at Lord's on Sunday and level the five-match series at 1-1.

England, set what would have been a new fourth innings record of 509 to win a Test after Australia declared, collapsed to 64 for seven either side of tea on the fourth day.

They were eventually dismissed for 103 all out in just 37 overs.

Australia's victory was only the ninth time in the 138-year history of Test cricket that a side had won by more than 400 runs.

Australia laid the platform for this success when, after winning the toss, they piled up 566 for eight declared - an innings featuring Test-best scores from Steven Smith (215) and Chris Rogers (173).

This was the second time in the series a team had won with more than a day to spare after England's 169-run victory in the first Test in Cardiff last week.

The Ashes campaign continues with the third Test at Birmingham's Edgbaston ground starting on July 29.