Boiler specialists, Boiler Plan, have analysed the Land Registry price paid index of 1,000 homes - sold between February 2016 to February 2021 - to reveal which male and female street names could potentially increase your home's value.
Properties featuring the street name ‘Prince’ have sold for over £1.3m
According to the data, if you live on a street with the name Prince featured, then you are one of the lucky homeowners. Homes boasting the street name ‘Prince’ sold for around £349,238, which is £93,288 more than the average house price in Britain at £256,000.
Digging deeper into the research, the firm discovered that streets with royal links actually sold for more than any other names. The name Spencer - commonly associated with the UK’s Royal Family due to Princess Diana - is the second best-selling street name, with properties over the past five years selling for a total of £1.3 million.
Jenner is the best-selling female street name
The name Jenner, which saw a rise in popularity in 2013, is the best-selling, traditionally ‘female’ street name. After crunching the numbers, Boiler Plan discovered that the number of properties sold with that street name over the past five years totalled £1.27m.
Coming a close second is the name, Alexandra, with the properties counted featuring that name selling for a total of £1.17m. Again, this name boasts royal links and is the current queen’s first middle name.
And the UK's worst selling-street name...
When it comes to the names that don’t sell for as much, the research shows that it is actually streets featuring the name ‘Mitchell’ - made famous by the iconic EastEnders family - that have sold for the least amount at just £70,000.
Traditionally, ‘male’ names sell for almost £6,000 more than ‘female’ names
When looking into the names that are, typically, considered male and female, the research suggested that male names do tend to sell for more on average. The data revealed that houses featuring a male street name sold for an average of £380,185 over the past five years. This is compared to an average of £374,623 for female names across the same time period, and a difference of £5,562.
Zoe Kenworthy, Director of Sales & Lettings at Wardsmith & Co, said: “A house purchase is a lifestyle choice, be it due to its location. For example, some buyers are buying into a postcode for its school catchment and, therefore, a street name versus their kids getting into their preferred school is no contender. Although we have seen street names could be popular. When buyers do pay a premium for a specific street, however, we do believe other factors help, such as the home's attributes and its curb appeal.”
Ian Henderson, Managing Director at Boiler Plan, adds: “While it has been an interesting year for the property market, there are still plenty of ways sellers can update their houses and add value, both indoors and out, that don’t solely rely on the street name you live at. From adding a new boiler to going green, to even just sprucing up your garden, these can all add a small amount to your home's evaluation.”
