The Royal Family are a huge part of our national culture here in Britain so it’s not surprising that there are more than 3,000 streets, avenues and roads that take the names of historical royals. With house prices continuing to soar, you may be wondering what’s driving up the price of British properties. Research by Compare My Move has revealed to Express.co.uk exactly how much influence a royal road name has when it comes to pricing up your home.
There is something about the royals that oozes class and sophistication and it seems the same is true when it comes to royal road names.
If you’re living down a street, avenue or cul-de-sac that pays homage to the regal lifestyle, your home could be worth more than you think.
While royal street names won’t make your home worthy of royal estate prices, research by Compare My Move has unveiled the most impactful titles when it comes to royally named roads.
With royal titles making a mostly positive impact on the value of your property, there are a few regal references that could be more damaging when it comes to selling your home.
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Which titles add the most value?
Across the UK royal roads are a common occurrence with everything from Duke’s and Queen’s to Baron’s and Viscount’s appearing on street plaques.
Whether you live down a lane, avenue, street or drive, it seems that the word ‘King’ makes your property worth nearly £170,000 more than the average property price in the local area.
Of the 500 royal themes analysed by Compare My Move, King, Princess and Queen stole the top three spots for the most added value to a home.
Compared to neighbouring streets, Compare My Move found that:
- King has a £168,735 additional cost to live on the road
- Princess has a £149,934 additional cost
- Queen has a £117,670 additional cost
How do royal road properties compare to the average house price?
While house prices are affected by a host of factors, regal roads were found to make a significant impact on the price of properties compared to local averages.
Compare My Move told Express.co.uk: “Of the roads studied, the average house price on Princess related street names is £550,853.
“This, compared to the average house price in the local area of £400,919, means the royal stamp of approval adds an additional £149,934 to the price of a home.”
The study found that Queen related road names were, on average, worth £120,000 more than neighbouring properties – an increase of almost 35 percent.
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Just like the royal family, not all titles are created equal when it comes to adding value to a property.
Despite the Duke and Duchess of Cambridge’s huge following of royal fans, the terms Duke and Duchess join the middle of the pile with ‘Baron’ and ‘Earl’, adding under £100k to property values.
Despite making the top ten, research found that Baron adds just £88,902 with Earl adding around £71,840.
Duchess topped the term Duke, adding £70,793 to the average value, while Duke fell behind adding just £68,770.
Which titles decrease the value of a house?
Not all ‘royal’ households enjoy the financial benefits of their aptly titled roads.
‘Royal’ and ‘Crown’ have been ranked as the terms with the worst impact, decreasing the value of a home by an average of £70k-£79k.
The following terms decrease the value by:
- Sovereign – £29.5k
- Prince – £25k
- Coronation – £17.9k
- Jubilee – £16k
Dave added: “Homebuyers should never base their decision solely on the name of a road as there are many other factors that can affect a property’s desirability and price.
“Once you’ve found your perfect property, always instruct a conveyancer to carry out local land searches and organise a survey to highlight any structural issues before you complete.”