Home Residential Property Pancake property prices 114% higher than the national average

Pancake property prices 114% higher than the national average

by LLP Editor
1st Mar 22 12:09 pm

Research by GetAgent.co.uk has shown how the nation’s homesellers could be left with a particularly sweet taste in their mouth this Shrove Tuesday, should they be looking to sell across one of the nation’s pancake-related road names.

GetAgent analysed sold price data across England and Wales based on residential transactions to have taken place over the last year, with the research revealing that on average, a pancake-related property will set you back £330,275 – 15% more than the wider national average.

Top of the stack is, of course, Pancake, with property prices across roads such as Pancake Lane in Hemel Hempstead selling for a flipping huge £617,500 on average over the last year – 114% more than the national average.

Milk is the next most expensive pancake-related stress name with an average sold price of £415,000 in the last year across streets such as Milk Street in the West Midlands.

Tuesday sits third in the table with an average sold price of £387,000, while roads with Lent in the name also come in around the national average at £288,500.

For a more affordable pancake-related property purchase, homebuyers should look to roads with Sugar (£259,250), Butter (£255,000), Flour (£239,950) and Lemon (£180,000) in the name, as each were home to an average sold price well below the national average over the last year – providing all of the ingredients for a more affordable property purchase.

Founder and CEO of GetAgent.co.uk, Colby Short, commented: “Whether it’s top line market growth or pancake-related property sales, the housing market has performed very well over the last year whichever way you look at it.

Many of us will be enjoying our pancakes from the comfort of a new kitchen this Pancake Day, having been one of the thousands to have moved during the pandemic.

However, we’re unlikely to see this high rate of house price growth giveaway during Lent, or beyond for that matter, as buyers continue to swamp a market plagued by a severe shortage of stock.”

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