PROPERTIES located on royal streets are likely to have a higher value.
According to data released by Uswitch, a street name with a link to the monarchy increases the value of a property in Wokingham by 11.82%.
The average sale price in the borough is £366.939, whereas the average sale price of the 231 homes on a royal street is £410,296. A difference of £43,357.
So if residents live on Viscount Way, Elizabeth Road or Royal Oak Drive then this could be good news.
Neighbouring Reading has similar results where a royal street name will see your property valued 7.61% higher.
In West Berkshire, a regal road name will see your home worth 14.68% more than one without and it’s a similar story in Bracknell Forest where a property is worth 14.22% more.
At 29.95%, homeowners in Tower Hamlets will see the biggest increase in property value by living on a royal street in the UK.
The average home in Tower Hamlets costs £454,411, but those on a royal street could sell their homes for £590,522, with “William” and “Royal” as the most popular royal street names
in the area.
That’s 3.57% more than the increase in the neighbouring borough, Greenwich (26.48%) in second place.
The most lucrative keywords are “Palace”, with an increase of 20.4% in value and “Royal” which will raise prices by 19.86%.
A royal street name doesn’t guarantee an uptick in value though.
On the Orkney Islands, properties on royal streets are worth 32.35% less than those without a monarchical link.
In Perth and Kinross and the Scottish Borders, a non-royal street name increases the value of your property by more than 30%.
The least lucrative street names include the words “Princess”, “Elizabeth” and “Katherine”, all reducing property prices by more than 5%.
