Property prices are streets ahead on roads with royal names

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 fetch on average £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.”

Here are the 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