Would you mind living in Minge Lane or Bell End? Thousands would, apparently, and it can seriously affect the value of a home.
Having a rude-sounding street name can substantially affect the value of your home, according to new research.
Research by NeedaProperty.com found that properties in the likes of Fanny Hands Lane and Crotch Crescent were valued at an average of £84,000 less than very similar homes in adjacent roads with less striking monikers.
The researchers gave people a long list of unusual street names and got them to nominate the one they would be most embarrassed to live in.
Minge Lane in Upton-upon-Severn, Worcestershire, came top, with almost a third (31%) of the vote.
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The apparent effect on price
Here are the top ten names and the apparent difference in prices between similar properties there and in nearby places.
|
Location |
Type of property |
Price in that location |
Price in nearby location |
|
Minge Lane, Upton-upon-Severn, Worcestershire |
Detached house |
£253,389 |
£325,000 (Longfield) |
|
Slag Lane, Lowton, Lancashire |
Semi-detached house |
£112,620 |
£141,297 (Fieldfare Close) |
|
Fanny Hands Lane, Ludford, Lincolnshire |
Detached house |
£157,200 |
£236,987 (Magna Mile) |
|
Bell End, Rowley Regis, West Midlands |
Semi-detached house |
£126,409 |
£187,027 (Uplands Avenue) |
|
Crotch Crescent, Marston, Oxfordshire |
Terraced house |
£238,250 |
£280,500 (Ouseley Close) |
|
The Knob, Kings Sutton, Northamptonshire |
Semi-detached house |
£245,000 |
£249,000 (Glebe Rise) |
|
Turkey Cock Lane, Stanway, Essex |
Terraced house |
£177,527 |
£166,840 (London Road) |
|
Cockshoot Close, Stonesfield, Oxfordshire |
Semi-detached house |
£286,536 |
£304,794 (Longore) |
|
Cumming Street, Islington, London |
Flat |
£292,768 |
£358,419 (Britannia Street) |
|
Cock-A-Dobby, Sandhurst, Berkshire |
Detached house |
£456,481 |
£615,000 (Longdown Road) |
[SPOTLIGHT]However, two-fifths of the people surveyed said that a street name that might be considered embarrassing wouldn’t put them off living there.
In fact, it could offer the opportunity to pick up a relative bargain in comparison to other local properties.
Annie Gray, 60, who moved to Fanny Hands Lane in Ludford from Croydon 12 years ago, told the Mirror: “If you’re ever ordering anything and tell people your address, as soon as you say ‘Fanny’, they know exactly where you mean.”
Puerile or pertinent? Have your say on this survey in the Comments box below.
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Photo by Bob Embleton