Road to riches? Why your street name could be adding thousands to the value of your house

The name of that bit of road outside your house has a big influence on overall value

Street sign st martins le grand

Trying too hard?

Do you live on a Road, or a Street? Or perhaps you reside on a Lane, a Way, or even in a Nook. It may seem like it doesn’t matter, but the top line of your address could be adding thousands to the value of your property.

And it’s bad news for those living on a Street, or a Road.

The most desirable name for the bit of tarmac by which you access your abode is apparently Warren, followed by Chase, and Mount.

According to research by property website Zoopla, the average price of a house with a Warren suffix was a lofty £607,267. In comparison, the run-of-the-mill Street suffix has an average value of £184,722.

BACON STREET

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Zoopla said it analysed over 28 million homes to identify the top 1000 most common street names.

Zoopla’s Lawrence Hall said: “The saying goes that the three most important factors in buying a house are location, location, location; our research shows that even the road name you choose can make a difference to how much you can expect to pay when finding a property.

“Where a ‘Warren’ might appeal for those looking for exclusivity, ‘Streets’, ‘Courts’ and ‘Terraces’ could offer more affordable options.”

The researchers also recorded how many of each suffix they found in the UK.

Here are the findings:

Zoopla’s highest value streets by name

RankStreet suffixAvg. Home Value#in the UK
1Warren£607,2671,833
2Chase£482,8674,324
3Mount£390,5003,789
4Path£389,732929
5Park£384,8095834
6End£381,93312,857
7Green£363,34824,920
8Way£358,98132,890
9Hill£354,30115,577
10Lane£342,059307,153
11Gardens£340,46115,953
12Paddock£320,9848,273
13Walk£319,9266,690
14Rise£307,9654,363
15Lawns£302,7601,733
16Place£293,40318,728
17Road£293,4032,125,670
18Grove£289,38568,586
19Drive£286,098101,653
20Parade£275,7669,269
21Square£272,6148,696
22Nook£270,511819
23Close£268,957325,528
24Crescent£265,05527,153
25Pastures£262,0602,635
26Avenue£261,850289,395
27Meadows£252,0007,011
28Row£233,7782,564
29View£207,64139,152
30Terrace£194,40320,042
31Court£194,1729,232
32Street£184,7221,036,227

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