Has your property for the U-Factor? Zoopla.co.uk reveals A-Z of property values
5th April 2013
- Streets names starting with U have highest average property values: £251,307
- Streets beginning with Z have the lowest average property values: £180,046
- Property on streets beginning with a vowel worth £6,306 more than consonant
Forget 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 comments:: “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 |
Source: Zoopla.co.uk (March 2013)
- Ends -
For further information, please contact PR Team on pr@zoopla.co.uk or +44 (0)20 3873 8770.
About Zoopla
Hello. We're Zoopla. A property website and app.
We know you're not just looking for a place to live. You're looking for a home.
Yeah, we've got over a million properties for you to browse.
Tools that let you filter them in all kinds of clever ways.
And reliable house price estimates, so you can be sure you aren't paying over the odds.
But we know you're looking for more than that.
Because that first flat won't just be a 'great investment opportunity'.
It'll be the feeling of starting out on your own.
That extra bedroom won't just mean another £20K on the re-sale price, it'll mean having your sister over to stay.
And that bungalow won't just be a way to release some equity, it will be a chance to spend more time with the grandkids.
We know that searching for a home is about more than just checking its price, location and features (important as all those things are).
What really matters is how it makes you feel.
We know what a home is really worth.
So let us help you find yours.
Zoopla is part of Zoopla Limited which was founded in 2007.
Zoopla Limited, The Cooperage, 5 Copper Row, London, SE1 2LH
Registered in England and Wales with Company No. 06074771
VAT Registration number: 191 2231 33
Data Protection number: Z9972266