Do you live on a Road? A Street? A Lane? A Grove? Chances are you probably haven’t given your street name more thought than whether you like the sound of it and how easy it is to spell.
But did you know your address could be adding value to your home – or taking it away? Beyond the location, which obviously has a dramatic impact on property value, the name of where you live can also have repercussions in terms of perceptions.
According to research from estate agent comparison site GetAgent.co.uk, 30 per cent of all properties sold are on a Road. Close and Street take roughly another 10 per cent each. Avenue and Drive follow not far behind that.
But if you want to make the most money on your property, it transpires you need to live on a Hill. Not literally – although to be fair we assume most Hills are so named because of the geography of the area. Hills only accounted for one per cent of all property purchases over the last year, but sold, on average, for £335,000.
Following behind Hill in adding extra pounds to your property value were Lane and Gardens, with values just below £300,000. Park and Rise were next on the list of prestigious addresses.
At the opposite end of the spectrum, Terrace commanded the lowest average price (£145,000), followed by Street and Court.
Just to make things more confusing, the UK’s most expensive address is actually Avenue Road in North West London. Taking two names for the price of one! You need a cool £30m to move there.
Of course, a street name alone isn’t going to make you millions, and it is out of your control. But what about house names, which are of your choosing?
According to Carpetright, which analysed Royal Mail data, house names with the word Orchard included are the most popular in Yorkshire – and in fact the country as a whole, with 18,211 homes including the name. Rose, Victoria and Holly followed as the most prevalent. Looking at the list, some of the more interesting names included Harry Potter inspired homes, five of which which are named after his owl Hedwig, three houses named after Lord of the Ring’s Gandalf and 323 after Beauty and the Beast’s Lumiere (maybe).
If you’re planning a move (from a Road to a Rise perhaps) we have almost 100 years of moving experience to get your belongings safely to your new home. From removals in Leeds to removals across Yorkshire, the UK or even beyond, we can help provide you with all the assistance you might need. From packing up your home to providing storage facilities if dates don’t quite tie in, we’re here on hand. For more information get in touch with one of our friendly team.