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What’s in a street name? Over £600k if you live on a ‘Warren’

27th January 2016

  • 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 -

    For further information, please contact Tim Vooght at pr@zoopla.co.uk or on 020 3872 5615.

    Notes to editors

    Zoopla is the UK's most comprehensive property website, focused on empowering users with the resources they need to make better-informed property decisions. We help consumers both find their next home and research the market by combining hundreds of thousands of property listings with market data, local information and community tools.

    At Zoopla we are fans of transparency and everything we do is aimed at making the market more efficient for both property consumers and advertisers alike. Zoopla has rapidly become the UK’s leading online destination for property consumers to search for homes and do their market research and the favoured online marketing partner for UK estate agents, letting agents and property developers.

    Launched in 2008, Zoopla has since been one of the fastest growing websites in the UK, now attracting over 40 million visits per month and we are proud to have collected numerous awards and accolades along the way, including being named one of the Top 10 UK Tech Companies (Guardian) and one of the Top 10 Most Innovative UK Companies (Smarta).

    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. 09005884
    VAT Registration number: 191 2231 33
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