Alphabet Valuation--what next !
Apparently, properties located in streets beginning with “U” tend to be worth more than those starting with any other letter of the alphabet, a recent study has found. Homes on roads which start with the letter U are typically worth £251,307, which is around £25,500 more than the average house price, according to property search website Zoopla. The most expensive street is believed to be Upper Phillimore Gardens in Kensington where a house is worth around £5.6million. At the lower end of the scale, streets starting with the letter Z have the lowest average values. These are thought to be worth around £180,000, which is one fifth less than the UK average. Roads beginning with T and O came in second and third place respectively in terms of the highest average property values. Roads starting with J recorded the second lowest prices, and the letter A was far from A list, recording the third lowest house values.
The website also found that streets beginning with a consonant are approximately £6,300 lower than those beginning with a vowel. Zoopla spokesman Lawrence Hall said “there may be more to a street name than meets the eye and with £70,000 difference between the average property price on streets beginning with the letters U and Z and a £6,000 difference upon average between vowels and consonants, it is advisable to select your location wisely”. The website took its findings from analysis of average house prices in more than 750,000 UK streets. As far as Oxfordshire is concerned, it may be advisable not to take this analysis too seriously although certain street names can be appealing and others less so. Whether this will actually make a difference to buyers when they finally find their ideal property is a difficult one to call. However, if you happen to live in a street beginning with U this report may make you feel slightly happier today.