Street names starting with U have highest property prices

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.

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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