Homes in streets with royal names go for princely sums

THE prestige of living in a street with a name which has royal association can help to generate a princely sum for homeowners, new 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 has 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 association 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 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.

The street is not far from Buckingham Palace.

Away from London, the most expensive road was found to be Queens Drive in Oxshott in Surrey, where homes were priced at £1,929,032 on average.

Stephanie Thomson, research analyst at Savills, said: “A home on a royal-related street could be a wise investment for buyers.”

The average selling prices for homes in streets containing the word Tudor go for £347,687, while Bunting goes for just under £300,000, Elizabeth for £290,158, and Windsor for £289,987.

Jubilee goes for £272,565.