It’s the Place to be – but for higher price
Certain street names command higher prices
LIVING in a road with a name ending in Place in Buckinghamshire may mean a house is worth a little more than the average home.
Houses across Buckinghamshire, including Chiltern and South Bucks, with a road name ending in Place have an average price of £801,688, according to the Land Registry. Road names ending Drive will set buyers back an average £795,026.
more affordable, a house in a Court might be the best bet, with an average price of £283,624, followed by those in a Terrace, average price, £345,000. Across Buckinghamshire, the average price is £568,811.
In England and Wales, buying in a road with a name ending in Square will set people back the most, with an average price of £529,341 in 2014.
A road name ending in Garden or Gardens was the next most expensive, with an average price of £335,601.
For a bargain, a road name ending in Court is the best bet, with an average price of £184,300, while a home in a Close has an average price of £222,215.
The average price of a home in England and Wales was £259,308, based on a simple average of prices paid for all homes sold.
Data is taken from the Land Registry and covers prices paid for properties between January and November, excluding sales through companies or those where the full market price was not paid.
estate agent in Gerrards Cross, said: “Naturally most people will know what the most expensive roads are, and indeed the less desirable. Some are attracted to live in a particularly posh one, others faintly embarrassed. House names can often have a more direct effect on saleability than road names and I doubt there is an estate agent who has not had to delicately suggest just the number and not the name is featured in marketing.”
Gerrards Cross’ favourite house name is The Cottage.