Lane properties come out top in house-price league for being most expensive addresses

HOMES in Lanes tend to be worth a fifth more than the average house price, research has found.

A property with the word in its address has an average value of £245,906, 22 per cent more than the typical UK house price, at £201,246, according to research for Barclays Mortgages.

A home at an address containing the word Way was found to be the next most valuable, with a price tag of £218,742 on average, followed by a property with the word Road in its address, which is worth £212,717 typically.

The research was carried out by property market specialists Hometrack, which also found that homes with Drive or Street in their address tended to command the lowest prices, at £191,675 and £142,374 typically.

There were exceptions to the findings, depending on where in the country the property is. For example, in London, a home in a Lane is worth about £414,122, while a home in a Street is worth significantly more, at £566,406 typically.

In Scotland, homes in a Close were found to be the most valuable on average, at £161,869. In Wales, homes in a Lane were worth more than properties in other locations, at £190,039 on average. In Northern Ireland, properties in a Road were the priciest, at £148,519 on average.

Andy Gray, Barclays managing director of mort- gages, said: “While this data paints a clear picture of victory for Lanes in the competition between properties, it’s interesting to see the varying statistics from around the country, and a huge growth in value overall.”