Royal road name good news for owners

The prestige of living in a street with a name which has royal associations can help to generate a princely sum for homeowners, research suggests.

Streets with names including words such as queen and crown often have homes worth higher than the average house price at £323,196, according to Savills.

The property firm carried out the analysis to mark the Queen’s Platinum Jubilee celebrations.

Savills’ analysis of regal street names found those which include the word royal demand the highest price tag (£425,345) followed by those which include the word queen (£350,288) and Tudor (£347,687).

However, some homes located in streets with royal associations typically sold for less than the average house price. Homes in streets containing the word monarch were typically priced at £287,865, for example.

Savills used Land Registry house sales data, which just covers England and Wales, for the research.

The most expensive road in the UK with a royal connection was found to be Queen Anne’s Gate in Westminster, London, where homes command an average price tag of £4.2 million.

Away from London, the most expensive road was Queens Drive in Oxshott, Surrey, where homes were priced at £1,929,032 on average. Average selling prices for homes in streets containing the following royal-related words in 2020/21, according to Savills: Royal £425,345, Queen £350,288, Tudor £347,687, Crown £326,949, Bunting £299,102, Elizabeth £290,158, Windsor £289,987, Monarch £287,865, Jubilee £272,565.

Most expensive streets with ‘royal connections’ outside London, according to Savills, with the average house price: 1 Queens Drive, Oxshott, Elmbridge, £1,929,032, 2 Queens Hill Rise, Ascot, Windsor and Maidenhead, £1,542,826, 3 Queen Elizabeth Crescent, Beaconsfield, Buckinghamshire, £1,120,235, 4 Tudor Close, Cobham, Elmbridge, £1,075,550, 5 Queensbury Gardens, Ascot, Windsor and Maidenhead, £989,500.