It’s the time of the year when Christmas has taken over everything. But have you ever thought that Christmas could boost the value of your property?
With more than 170 Christmas-related street names in the UK, the in-house experts at HeatingForce.co.uk utilised Zoopla to find out which festive street names could increase a property’s value.
The Most Valuable Festive Street Names
Festive Street Name |
Average Festive Street Value Effect |
Average Festive Street Price |
||
Toy |
£272,249 |
£660,798 |
||
Tinsel |
£90,645 |
£283,458 |
||
Frosty |
£70,479 |
£356,696 |
||
Gingerbread |
£65,224 |
£362,339 |
||
Christmas |
£41,074 |
£410,348 |
||
Stocking |
£36,867 |
£554,655 |
||
Snow |
£12,727 |
£406,924 |
||
Gift |
-£2,446 |
£391,966 |
||
Winter |
-£8,864 |
£321,336 |
||
Reindeer |
-£27,202 |
£219,205 |
||
Holly |
-£38,909 |
£186,613 |
||
Turkey |
-£54,813 |
£240,306 |
||
Holiday |
-£72,475 |
£272,695 |
||
Presents |
-£145,406 |
£173,303 |
||
Cider |
-£146,029 |
£302,846 |
||
Elf |
-£240,152 |
£530,940 |
It turns out that if you live on a street with the name ‘Toy’ included, your house value could be bagging a few extra pounds. The average UK house price was valued at £660,798. And if your street name happens to contain the festive word, your house price could increase by £272,249.
‘Tinsel’ related street names rank second. Houses were valued on average at £283,458. If your home is lucky enough to feature in one of the streets with this festive name, then you could see an increase of a staggering £90,645 compared to the UK average.
‘Frosty’ places third, with properties on average in the UK valued at £356,696. The value of properties located on streets holding this Christmas-related name could increase by £70,479.
The Festive Street Names Decreasing Value
Homes located on a street with ‘Elf’ as part of the street name are valued £240,152 less than the average UK property price (£530,940).
Homeowners living on a ‘Cider’ related street name will see the second lowest value depreciation of £146,029 compared to the average property price of £302,846.
And who would have thought ‘Presents’ were unlucky, but the research showed that homes on streets with ‘Presents’ as part of the name will be valued £145,406 less than the average property price in the UK, which is £173,303.
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