The Royal Family’s road names are “on to a winner” and can enhance the value of a home by up to £168,000.
THE ROYAL FAMILY is an important aspect of British society, with over 3,000 avenues, roads, and cul-de-sacs dedicated to the monarchy.
As house prices climb across the UK, comparison site Compare My Move looked at 500 streets named after members of the Royal Family to see if properties are more or less expensive than the average property price in nearby streets. The analysis found that addresses bearing the words ‘King,’ ‘Princess,’ and ‘Queen’ are worth almost £100,000 more on average than nearby streets. Additionally, places featuring the terms ‘Royal’ and ‘Crown’ may have a detrimental impact on the value of your home.
Purchasing a home is typically one’s largest personal investment.
It can be tough to pick where and what to buy because property prices are influenced by so many factors.
Although road names are not normally considered when purchasing a new home, regal road names can have an impact on the price of a home.
According to the research, living on one of the 12 royal-related road names improves home prices by tens of thousands of pounds on average.
Your property is worth £168,735 more than the average property price in the area since it is located on a road with the word “King” in its name.
‘Princess’ road names are in second place, with home purchasers paying an average of £149,934 more for the pleasure.
The average house price on Princess-related street names is £550,853, according to the research.
When compared to the average house price in the area, which is £400,919, the royal seal of approval adds £149,934 to the cost of a home.
Despite the fact that Queen Elizabeth is the current head of the British Royal Family, Queen-related street names rank third in this analysis.
According to the analysis, Queen-related road names were valued £117,670 more on average than nearby houses, an increase of over 35%.
The top ten regal-themed road names are ‘Baron,’ ‘Earl,’ ‘Duchess,’ and ‘Duke,’ yet they add under £100,000 to the price of a home in the UK.
They increase the worth of your home by £88,902, £71,840, £70,793, and £68,770, respectively.
The royal term in your road name does not have to be a title; it can be words like ‘Regal’ or ‘Palace,’ which increase the value of your home by £77,893 and £26,075 respectively.
“Brinkwire Summary News.” Other royal titles.