What’s in a street name? Over £600k if you live on a ‘Warren’
Properties located on ‘Warrens’ are worth more than double the national average
Properties on ‘Streets’, ‘Courts’ and ‘Terraces’ have the lowest average property values across the UK
Homes on ‘King’ and ‘Prince’ related roads are worth more than those with ‘Queen’ or ‘Princess’ in their name
Streets named ‘Elizabeth’ are the most valuable ‘royal’ roads
Properties located on ‘Warrens’ are worth more than double the national average house price, according to leading property website Zoopla.
Zoopla, which provides free value estimates for every UK home, analysed over 28 million homes to identify the top 1000 most common street names in the UK. The analysis revealed that the highest value properties in the country are to be found on a ‘Warren’, where the average house price stands at £607,267 – nearly 73 per cent more than the £282,978 current average value of a home in the UK. The second most expensive addresses are found on a ‘Chase’ where the average home will set you back £482,867, followed by ‘Mount’ where properties are valued at an average of £390,500.
The least expensive properties can be found on the common ‘Street’, where the average home is valued at £184,722 – less than two thirds of the national average. Other names at the bottom of the list include, ‘Court’ (£190,851) and ‘Terrace’ (£194,403).
The data also shows that living on a royal road can mean your home is worth more than the UK average, but not all regal roads lead to loftier house prices. Research from Zoopla found that properties on roads with ‘King’ in the name are valued at 20 per cent more than those containing the word ‘Queen’ (£299,572 versus £249,295) and those featuring the word ‘Prince’ are valued at 35 per cent more than those containing ‘Princess’ (£279,593 versus £180,249).
Not only is the Queen head of the monarchy, ‘Elizabeth’ also tops the list of the most expensive royal-related locations, with properties on roads containing her name estimated at £291,381. However, the rest of the current Royal Family does not fare as well, with their street namesakes falling below the national average value. Streets with the same names as the Queen’s great grandchildren ‘George’ and ‘Charlotte’ are worth £249,768 and £167,076 respectively. Will and Kate’s popularity also fails to translate to property price value, as homes on ‘William’ (£143,762) and ‘Catherine’ (£142,799) named roads are both worth just over half the national average.
The most common residential location and home to 2,125,670 properties in the UK is ‘Road’, where the average value property is £293,403, followed by ‘Street’ with 1,036,227 properties and ‘Close’ with 325,528 properties averaging £268,957. The most common road names in the UK are ‘High Street’ and ‘Station Road’, with 3,285 and 2,560 homes respectively.
Lawrence Hall of Zoopla commented: “The saying goes that the three most important factors in buying a house are location, location, location; our research shows that even the road name you choose can make a difference to how much you can expect to pay when finding a property. Where a ‘Warren’ might appeal for those looking for exclusivity, ‘Streets’, ‘Courts’ and ‘Terraces’ could offer more affordable options.”
Highest value streets by name
Rank | Street Suffix | Avg. Home Value | #in the UK |
|---|---|---|---|
1 | Warren | £607,267 | 1,833 |
2 | Chase | £482,867 | 4,324 |
3 | Mount | £390,500 | 3,789 |
4 | Path | £389,732 | 929 |
5 | Park | £384,809 | 5834 |
6 | End | £381,933 | 12,857 |
7 | Green | £363,348 | 24,920 |
8 | Way | £358,981 | 32,890 |
9 | Hill | £354,301 | 15,577 |
10 | Lane | £342,059 | 307,153 |
11 | Gardens | £340,461 | 15,953 |
12 | Paddock | £320,984 | 8,273 |
13 | Walk | £319,926 | 6,690 |
14 | Rise | £307,965 | 4,363 |
15 | Lawns | £302,760 | 1,733 |
16 | Place | £293,403 | 18,728 |
17 | Road | £293,403 | 2,125,670 |
18 | Grove | £289,385 | 68,586 |
19 | Drive | £286,098 | 101,653 |
20 | Parade | £275,766 | 9,269 |
21 | Square | £272,614 | 8,696 |
22 | Nook | £270,511 | 819 |
23 | Close | £268,957 | 325,528 |
24 | Crescent | £265,055 | 27,153 |
25 | Pastures | £262,060 | 2,635 |
26 | Avenue | £261,850 | 289,395 |
27 | Meadows | £252,000 | 7,011 |
28 | Row | £233,778 | 2,564 |
29 | View | £207,641 | 39,152 |
30 | Terrace | £194,403 | 20,042 |
31 | Court | £194,172 | 9,232 |
32 | Street | £184,722 | 1,036,227 |
Source: Zoopla, Jan 2016
Highest value streets by royal title
Rank | Prefix | Avg. Home Value | #in the UK |
|---|---|---|---|
1 | King | £299,572 | 53,365 |
2 | Prince | £279,593 | 14,546 |
3 | Queen | £249,295 | 66,958 |
4 | Princess | £180,249 | 7,489 |
Source: Zoopla, Jan 2016
Highest value streets by royal name
Rank | Prefix | Avg. Home Value | #in the UK |
|---|---|---|---|
1 | Elizabeth | £291,381 | 3,443 |
2 | Andrew | £277,818 | 11,045 |
3 | Margaret | £261,609 | 6,298 |
4 | John | £257,047 | 36,189 |
5 | George | £249,768 | 26,878 |
6 | Albert | £248,961 | 2,133 |
7 | Michael | £241,769 | 7,403 |
8 | Anne | £226,210 | 3,790 |
9 | Mary | £224,780 | 17,823 |
10 | Victoria | £223,359 | 69,698 |
11 | James | £220,059 | 11,280 |
12 | Alexandra | £212,088 | 1,256 |
13 | Edward | £207,013 | 10,816 |
14 | Charles | £200,280 | 9,248 |
15 | Charlotte | £167,076 | 2,340 |
16 | William | £143,762 | 7,353 |
17 | Catherine | £142,799 | 2,232 |
18 | Arthur | £134,414 | 4,696 |
19 | Henry | £132,070 | 3,927 |
Source: Zoopla, Jan 2016
- Ends -
About Zoopla
Hello. We're Zoopla. A property website and app.
We know you're not just looking for a place to live. You're looking for a home.
Yeah, we've got over a million properties for you to browse.
Tools that let you filter them in all kinds of clever ways.
And reliable house price estimates, so you can be sure you aren't paying over the odds.
But we know you're looking for more than that.
Because that first flat won't just be a 'great investment opportunity'.
It'll be the feeling of starting out on your own.
That extra bedroom won't just mean another £20K on the re-sale price, it'll mean having your sister over to stay.
And that bungalow won't just be a way to release some equity, it will be a chance to spend more time with the grandkids.
We know that searching for a home is about more than just checking its price, location and features (important as all those things are).
What really matters is how it makes you feel.
We know what a home is really worth.
So let us help you find yours.
Zoopla is part of Zoopla Limited which was founded in 2007.
Zoopla Limited, The Cooperage, 5 Copper Row, London, SE1 2LH Registered in England and Wales with Company No. 06074771 VAT Registration number: 191 2231 33 Data Protection number: Z9972266