Searches for ‘how much is my house worth’ have soared over the past month in the UK, and with Spring being the best time of year to put your property on the market, Brits are eager to find out their property’s value, and the factors that may influence it.
Interestingly, having the word ‘Egg’ in your street name can potentially increase your house price by a staggering 82% (£399,554 on average).
That’s according to Hillarys, who have analysed house prices of streets with Spring-themed names across England and Wales.
They compared them with similar properties in the same area to reveal how much more homes on these streets could be worth.
The findings revealed that street names containing the word ‘Egg’ are the most lucrative in the list, increasing the average house price by a staggering 82% (£399,554 on average), almost doubling the price of your home.
‘Egg’ streets offer more than double the price increase of ‘Shell’ streets, as ‘Shell’ was shown to increase property value by 43% (£135,660 on average).
‘Blossoms’ (7% increase, £19,826) and ‘Bunnies’ (6% increase, £20,409) are quite close in terms of the price boost, with Bunnies having a slightly higher increase in raw value (£20,409 vs £19,826), but a smaller percentage gain.
Unfortunately, not all Spring themed street names will leave owner’s feeling bright and happy, as some are proven to lower property value.
The Spring themed street names lowering property value the most
Despite being a much loved holiday for many, the word Easter was found to knock a significant £61,137 off of the average property price, a staggering 21% drop compared to similar properties.
The findings revealed that street names containing the word ‘Egg’ are the most lucrative in the list, increasing the average house price by a staggering 82% (£399,554 on average), almost doubling the price of your home.
‘Egg’ streets offer more than double the price increase of ‘Shell’ streets, as ‘Shell’ was shown to increase property value by 43% (£135,660 on average).
‘Blossoms’ (7% increase, £19,826) and ‘Bunnies’ (6% increase, £20,409) are quite close in terms of the price boost, with Bunnies having a slightly higher increase in raw value (£20,409 vs £19,826), but a smaller percentage gain.
Unfortunately, not all Spring themed street names will leave owner’s feeling bright and happy, as some are proven to lower property value.
The Spring themed street names lowering property value the most
Despite being a much loved holiday for many, the word Easter was found to knock a significant £61,137 off of the average property price, a staggering 21% drop compared to similar properties.
Residents with property on streets featuring the word ‘Rabbit’ may also feel a sting, as the average price decrease on these streets is 14%, or a drop in value of £56,320.
Yvonne Keal, senior product manager / product manager specialist, at Hillarys provides expert insight on how to the boost kerb appeal of your property, and increase market appeal.
Keal said, “Whilst it’s both fascinating and frustrating that something as simple as a street name can have such an impact on your property value, luckily, there are a number of ways to heighten your home’s kerb appeal and increase your chances of boosting its market value, that don’t require a total relocation.
“Small changes such as refreshing the paint on the exterior of the property, can go a long way in revitalising the colour and brightness of your front door, or other exterior surfaces such as windows. Internally too, switching up your blinds can go a long way in terms of improving the kerb appeal of your home. It is worth investing in blinds or curtains that suit your property well and match the style of your home, which can work to boost market appeal.
“Equally, investing time in tidying up your front lawn and any flower beds you may have, can help you keep your garden looking fresh and more desirable to potential house hunters when it comes to selling your home. Hanging flower baskets can also be a lovely addition to the front of your home, and are a great soft, finishing touch.”
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