New data released by One77 Mortgages has shown that there is value in a good street name and reveals which are the best to live on when it comes to attracting a buyer.
Using data from the Land Registry to compile a list of the top 20 most common street names across England and Wales on which properties have sold throughout the last year, the firm found that High Street with 5,050 property transactions in just 12 months was the stand out winner.
Station Road was the second most popular with 2,755 transactions, closely followed by London Road with 1,778. Church Road also proved popular with 1,546, along with Main Street (1,469), Church Street (1,368), Park Road (1,297), Church Lane (1,002), Main Road (982) and Victoria Road (974).
Others to make the top 20 include Queens Road, New Road, The Street, Manor Road, Mill Lane, The Avenue, West Street, Green Lane, The Green and Kings Road.
Alastair McKee, Managing Director of One77 Mortgages, commented: “There we have it, if you want to buck the Brexit market blues you have a better chance of doing so if you live on one of these popular road names.
While a road name isn’t the be all and end all, for many aspirational homeowners it can certainly have an impact on their decision to buy in the same way a not so desirable name can be off-putting. Whether it brings a greater feeling of exclusivity or eludes to a far better position than surrounding areas, a road name can make a big difference and those selling across the most popular ones should consider this when researching the market and hosting potential buyers during the viewing process.
In the current market climate, it’s vital to utilise every unique aspect your property possess in order to get a sale over the line.”