Street names starting with U have highest property prices


Updated on 08 April 2013 | 8 Comments

Forget broadband speeds or the best schools, it's the first letter of your street name that could make your home worth more, according to a new study.

Street names that begin with the letter U tend to be home to properties that are worth more than those that start with any other letter in the alphabet, according to a new study.

Property site Zoopla has investigated 750,000 streets in the UK to create an A-Z of average property prices based on street names

The average value of a home with the U-factor stands at £251,307, which is £25,503 more than the UK average of £225,804.

Upper Phillimore Gardens in Kensington, London, was found to be the most expensive street with an average property price of just over £5.6 million.

Z-list

At the other end of the scale street names beginning with the letter Z were bottom for house prices.

Homes on these streets were worth an average of £180,046, which is 20% less than the UK average of £225,804.

Zeus Lane in Waterlooville, Hampshire, for example has an average property value of £141,278, which is over a third lower than the national average.

A-Z of property values

Here is how the rest of the alphabet stacked up. The table is arranged based on highest average property value rather than alphabetically. The letter X doesn't feature as there were not enough streets with properties to form an average.

Starting letter*

No. of UK streets

Average property value

U

3,565

£251,307

T

44,927

£248,008

O

16,358

£244,450

H

53,223

£234,045

C

77,769

£233,873

P

36,065

£233,550

W

50,979

£231,145

F

25,835

£228,489

L

39,563

£228,400

S

71,304

£228,237

B

71,884

£227,105

Q

3,826

£226,824

N

18,475

£225,911

R

31,154

£223,241

M

51,216

£221,498

K

16,728

£221,106

G

33,335

£219,248

I

4,316

£219,125

E

19,216

£218,849

D

25,395

£218,643

Y

2,751

£218,367

V

7,752

£217,240

A

31,333

£211,744

J

5,565

£190,802

Z

180

£180,046

Source: Zoopla.co.uk

Streets that had names beginning with T (£248,008) and O (£244,450) have the second and third highest priced homes.

While J (£190,802) and A (£211,744) roads have the second and third lowest priced properties.

And the average price of a property on a street that had a name begining with a vowel (£229,095) was worth £6,306 more than a street name starting with a consonant (£222,789).

A bit of fun

Lawrence Hall of Zoopla said: “It seems that there may be more to a street name than meets the eye. With a £70,000 difference between the average property price on streets starting with the letters U and Z... it is advisable to select your street wisely.”

But if you ask me the Zoopla research should be taken with a pinch – or perhaps a bucket – of salt. Personally I'm not convinced that letters of the alphabet can tell you that much about property prices!

What do you think? Let us know in the Comment box below.

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