Some carry a more affordable price tag despite their regal address
Want to live in a house with an address that implies royalty? Read on to find out if you can afford one.
Inspired by the Queen’s Platinum Jubilee celebrations, property platform Boomin has revealed how much it will cost a homebuyer to secure a house on one of the nation’s Jubilee-themed road names.
“For those currently looking to climb the property ladder, what better way to honour our Queen and her 70 years of outstanding leadership than by snagging yourself your own little bit of bricks and mortar on a royal named road,” Michael Bruce, chief executive and founder of Boomin, said.
Those who want to emulate Her Majesty from a property standpoint, at least where the address is concerned, can consider buying a property on Buckingham Palace Road.
Doing so would enable them to live on the same street as the palace itself but, unfortunately, it’s also the most expensive royal road name in England and Wales, commanding an average house price of £800,000 over the last year alone. The most expensive sale in the past 12 months was a flat which sold for £1.95 million.
Read more: What is the value of Buckingham Palace?
However, Bruce said that not all properties along roads with royal names are that expensive.
“In fact, there are an abundance of residential royal road names the length and breadth of the nation, some of which are home to a far more affordable price tag than their regal titles might imply,” he pointed out.
Other road names containing ‘palace’, such as Palace Road in Liverpool, command a more reasonable average house price of £454,500, while property values on roads containing the word ‘royal’ have averaged £292,000 in the last year.
‘Monarch’, including Monarch Gardens in Tunbridge Wells, brings an average price of £280,000, while roads containing the word ‘crown’, such as Crown Close in Dewsbury, carry an average price of £254,500.
Elsewhere, ‘Elizabeth’ commands an average house price of £240,000 with the most expensive transaction in the past year being a terraced house on Queen Elizabeth’s Walk, Hackney, which sold for £2.15 million.
A property on a road with ‘Queen’ in the name will cost the buyer £230,000 on average, but the most expensive price paid in the last year was an enormous £12.4 million for a flat on Queensway in the City of Westminster.
Roads containing ‘jubilee’ have commanded £220,000 over the last 12 months but, in the past year, a terraced house on Jubilee Place in Kensington sold for £4.35 million.
Those with ‘Commonwealth’ in their title, such as Commonwealth Close in Winsford, carry an average price of £220,000, while property values along roads with ‘throne’, such as Throne Crescent in Rowley Regis in Sandwell, average £184,000.
Boomin analysed price paid data records from the Land Registry for homes sold across England and Wales over the last 12 months, looking at the average sold price across some of the most royal road names.
