Road to riches? Why your street name could be adding thousands to the value of your house

The name of that bit of road outside your house has a big influence on overall value

Street sign st martins le grand

Trying too hard?

Do you live on a Road, or a Street? Or perhaps you reside on a Lane, a Way, or even in a Nook. It may seem like it doesn’t matter, but the top line of your address could be adding thousands to the value of your property.

And it’s bad news for those living on a Street, or a Road.

The most desirable name for the bit of tarmac by which you access your abode is apparently Warren, followed by Chase, and Mount.

According to research by property website Zoopla, the average price of a house with a Warren suffix was a lofty £607,267. In comparison, the run-of-the-mill Street suffix has an average value of £184,722.

BACON STREET

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Zoopla said it analysed over 28 million homes to identify the top 1000 most common street names.

Zoopla’s Lawrence Hall said: “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.”

The researchers also recorded how many of each suffix they found in the UK.

Here are the findings:

Zoopla’s 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