How your street name could affect property prices
A recent report has analysed property sales across England and Wales in order to determine the most popular and expensive street names.
So, just how much value is there in your street name?
According to the findings, 30% of all homes that sold in the last year had a street name that ended in “Road”.
Whilst the street endings “Close” and “Street” also proved popular, with a combined total of 18% of house sales.
Making up the top five most popular names were “Avenue”, accounting for 7% of sales, and “Drive” not far behind at 6%.
When it comes to the highest average sale prices, however, the tables turn significantly.
Addresses ending in “Hill” topped the table, with a typical price of £335,000.
Despite this, the street ending “Hill” only makes up for 1% of all transactions over the last year.
The next prestigious street name was “Park” at an average price of £272,500, closely followed by “Rise” at £270,000.
Are you looking to take advantage of a valuable street name? Book a valuation with us today.
This article was originally published by BriefYourMarket and is reproduced here with their permission.
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