Harvest season has arrived, and it appears that of all the seasons, ‘autumn’ is the most valuable in terms of street names. Since the beginning of 2020, homes with the word “autumn” in their name or street address have sold for an average of £322,467. This is comparable to a price of £236,731 for those who include the word ‘spring.’ House names with the word ‘spring’ are the most popular, with over 1,600 purchases since the beginning of 2020.
The housing market has remained hot this autumn, with many people still looking for their perfect post-pandemic house.
The United Kingdom has some exciting street names. We can boast some unusual street names thanks to our rich cultural past and numerous regional languages.
Do unusual street names shrink your house price?
With the COVID-19 pandemic and lockdown causing havoc for home buyers and sellers, no one wants to get caught in a broken chain. And there’s not much you can do about an unusual street name! However, as the economy returns to pre-pandemic levels, property values rise again, including those in areas where the street name may be a disadvantage.
UK’s most festive street names revealed…
Who’d have guessed the UK has over 300 festive street names?! With the name ‘Christmas Pie Avenue’ being one of them.
With a whopping 53 streets with Christmas-themed names, the East of England came out on top with the most festive names. The South East and North West are next, with a total of 36 festive-themed street names in each.
With 103 variants, St Nicholas addresses are most prevalent in the East of England. Shepherd road/lane/street/close is one of 50 roads/lanes/streets/closes in the North West. There are 37 pine tree closes/lanes/streets in the West Midlands. And did you know that the East Midlands has 27 Noel roads?
There are an additional ten streets that include the festively related term “turkey.” Mistletoe, two Gingerbread Lanes, and a Christmas Pie Avenue are among the nine locations.
A few last housing facts to consider…
The rental market is busiest throughout the summer months, from July to September. In a typical year, 32% of tenancies begin in the third quarter. As students and employees return to cities in 2021, this number is to rise. It’s no wonder, therefore, that the average monthly rent in the UK has increased by 7.5% in the last year, surpassing pre-pandemic levels.
The yearly rise in monthly rent in Wales was 12.9%, followed by 10.5% in Scotland and 8.4% in the East Midlands. For the following 12 months, rental growth will be somewhat more than 3%. Rents will rise by 4% each year in the United Kingdom during the next five years (RICS).
If you are thinking of moving house and aren’t sure where to start looking, give our team at Qube Residential a shout for any queries.
Source: Dataloft, Land Registry, sales recorded since 01.01.2020, based on geomean
