Has your property got the U-Factor?

by Mark Alexander

8:15 AM, 5th April 2013
About 6 years ago

Has your property got the U-Factor?

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Has your property got the U-Factor?

Has your property got the U-FactorForget streets with the X-factor, living on a street with a name beginning with the letter ‘U’  could mean your property is worth a lot more, according to new research from property website Zoopla.co.uk.

Average property prices on streets that start with a ‘U’ currently stand at £251,307 – the highest of any letter in the alphabet and £25,503 more than the current average UK property value of £225,804. Zoopla.co.uk analysed average house prices of the more than three quarters of a million streets in the UK. The most expensive street beginning with ‘U’ is Upper Phillimore Gardens where the average home is worth £5,640,496.

At the other end of the scale, streets beginning with the letter ‘Z’ have the lowest property values, with the average property worth just £180,046 – 20% less than the UK average. One particular example is Zeus Lane in Waterlooville, Hampshire. Despite being named after a Greek god, property values on the street are far from Olympian. The average property value on the street is just £141,278, 37% lower than the national average of £225,804.

Streets beginning with the letters T (£248,008) and O (£244,450) came in second and third respectively in terms of the highest average property values, while those starting with the letters J (£190,802) and A (£211,744) record the second and third lowest property prices.

And vowels beat consonants hands down when it comes to house prices. The average property on a street beginning with a vowel is worth £6,306 (3%) more than a street beginning with a consonant. Street names beginning with a consonant have an average property value of £222,789, compared to £229,095 for those with a vowel.

Lawrence Hall of Zoopla.co.uk commented: “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, and a £6,000 difference on average on streets beginning with vowels and consonants, it is advisable to select your street wisely.”

Starting Letter

No. of UK Streets

Avg 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

 

Top five most expensive streets beginning with ‘U’

Rank

Street Name

Average property value

1

Upper Phillimore Gardens, London W8

£5,642,978

2

Upper Cheyne Row, London, SW3

£3,783,056

3

Upper Belgrave Street, London, SW1X

£2,636,293

4

Upper Brook Street, London, W1K

£2,476,846

5

Uphill Road, London , NW7

£2,131,081

 Source: Zoopla.co.uk (March 2013)



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