The name of the street your home is on can drastically impact the value of the property, experts have found. Looking at the name of the street when you buy can impact how much your home is worth.
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However, according to the research, 92 percent of Britons aren’t concerned with the street name of their next potential home.
Bankrate has found houses on a “happy” street name will have an increased value of an average £24,830.86.
The research found the happy road name with the highest added value is chipper – this can potentially add £56,571 to your home’s selling price.
The next most valuable street names are ones with the word “pretty”.
This boosts your home’s value by £44,918 on average and is most popular in the East of England.
Street names that increase house value most
- Chipper: £56,571 (South West)
- Pretty: £40,293 (East of England)
- Gay: £40,293 (South West)
- Pleasure: £39,029 (South East)
- Dancers: £32,029 (East of England)
- Beam: £30,623 (North West and North East)
- Heaven: £29,273 (London)
- Merry: £27,619 (East and West Midlands)
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Research also found hope is the most common “happy” street name.
Hope makes an appearance in 216 roads in the UK and increases property prices by £20,434 on average.
In second place is summer which is included in 127 different streets across England and Wales.
This is closely followed by sunny, which is found in 126 roads in the country.
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10 most common happy road names
- Hope – 216
- Summer – 127
- Sunny – 126
- Love – 123
- Pleasant – 118
- Paradise – 109
- Angel – 90
- Bright – 65
- Rainbow – 48
- Flower – 31
Experts have warned buyers could be vulnerable to cons thanks to virtual viewings.
James D Marshall is the founder and CEO of Pupil, a spatial data company.
He has detailed the most common ways estate agents mislead buyers and renters.
The expert claims it is now more important than ever that consumers are aware of these, as agents are desperate to start shifting their stock.
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