Newly released research from Invezz.com looked at almost 1,000 street names across the UK, revealing that houses on a money-related street can increase your home’s value by an astonishing average of £76,568 in comparison to other homes in the same region.
Which money-related street name adds the most value to a house?
The money-related street name with the highest added value is Farthing. Unlike its current worthless monetary value, having the coin-term mentioned in your street name adds £338,927 to the sale price of your home when compared to the UK average.
In second place is another old coin - Halfpence. Homes on halfpence streets can expect an increased value of £315,984 on average (UK average). Cash ranks third with an average added value of £134,687. Cash Hill, Cash Lane and Cash Road are certified street names to an increased property price.
Houses featuring pound in their street-name have an average increased value of £116,979 - there are currently a whopping 206 of these streets around the UK. In fifth place is coin as owning a home with this in your road name can add £104,693 to your house sale price.
Following in sixth, seventh and eighth place are street-names that mention dollar, sixpence and rich as they increase a house’s value by £95,382, £84,376 and £68,312 on average.
Which region has the most money-related street names?
The region with the largest number of money-related streets is South West England with 172. Houses with money-related street names in this area add a generous £89,545 in comparison to the rest of the region. In second place is South East England with 129 money-related street names; on average these street names add £181,021 to house values in the area.
North West England ranks third with 117 money-related street names and they help increase the value by £37,476 on average.
Which region benefits the most from money-related street names?
If you’re looking to sell in London, living on a money-related street name will help you bag some extra cash. On average, houses in London that are placed on a ‘money’ street have £272,485 greater value compared to the London average.
South East England and North East England rank second and third. Money-related street names in this area add £181,021 and £97,139 to house values, in comparison to other houses in their region. South West England falls behind in fourth place. Homes with a money-related street name sell for £89,545 more than others in the area.
On the other hand, it appears that houses on money-related street names fare worse in Wales with an average deduction of -£69,915 in value.
