Has your property for the U-Factor? Zoopla.co.uk reveals A-Z of property values
Streets names starting with U have highest average property values: £251,307
Streets beginning with Z have the lowest average property values: £180,046
Property on streets beginning with a vowel worth £6,306 more than consonant
Forget streets with the X-factor, living on a street with a name beginning with the letter ‘U’ could mean your property is worth a lot more, according to new research from property website Zoopla.co.uk.
Average property prices on streets that start with a ‘U’ currently stand at £251,307 - the highest of any letter in the alphabet – and £25,503 more than the current average UK property value of £225,804. Zoopla.co.uk analysed average house prices of the more than three quarters of a million streets in the UK. The most expensive street beginning with ‘U’ is Upper Phillimore Gardens where the average home is worth £5,640,496.
At the other end of the scale, streets beginning with the letter ‘Z’ have the lowest property values, with the average property worth just £180,046 – 20% less than the UK average. One particular example is Zeus Lane in Waterlooville, Hampshire. Despite being named after a Greek god, property values on the street are far from Olympian. The average property value on the street is just £141,278, 37% lower than the national average of £225,804.
Streets beginning with the letters T (£248,008) and O (£244,450) came in second and third respectively in terms of the highest average property values, while those starting with the letters J (£190,802) and A (£211,744) record the second and third lowest property prices.
And vowels beat consonants hands down when it comes to house prices. The average property on a street beginning with a vowel is worth £6,306 (3%) more than a street beginning with a consonant. Street names beginning with a consonant have an average property value of £222,789, compared to £229,095 for those with a vowel.
Lawrence Hall of Zoopla.co.uk comments:: “It seems that there may be more to a street name than meets the eye. With a £70,000 difference between the average property price on streets starting with the letters U and Z, and a £6,000 difference on average on streets beginning with vowels and consonants, it is advisable to select your street wisely.”
Starting Letter | No. of UK Streets | Avg Property Value |
|---|---|---|
U | 3,565 | £251,307 |
T | 44,927 | £248,008 |
O | 16,358 | £244,450 |
H | 53,223 | £234,045 |
C | 77,769 | £233,873 |
P | 36,065 | £233,550 |
W | 50,979 | £231,145 |
F | 25,835 | £228,489 |
L | 39,563 | £228,400 |
S | 71,304 | £228,237 |
B | 71,884 | £227,105 |
Q | 3,826 | £226,824 |
N | 18,475 | £225,911 |
R | 31,154 | £223,241 |
M | 51,216 | £221,498 |
K | 16,728 | £221,106 |
G | 33,335 | £219,248 |
I | 4,316 | £219,125 |
E | 19,216 | £218,849 |
D | 25,395 | £218,643 |
Y | 2,751 | £218,367 |
V | 7,752 | £217,240 |
A | 31,333 | £211,744 |
J | 5,565 | £190,802 |
Z | 180 | £180,046 |
Source: Zoopla.co.uk (March 2013)
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