House Names That Affect Your Property Price

by : P Green



If you want to quickly add extra value to your house - just give it a new name!

That's if you believe research done earlier this year into the names of some of the most expensive houses sold in the UK.

It found that homes named Courtenay House tend to be more expensive than any others.

In fact, a house with that name sold for an average property price of a staggering £4.8 million pounds.

Researchers from http://Mouseprice.com, which bills itself as the leading source of online property market information, examined data from the Land Registry. They looked at the records from eight million homes sold in England and Wales over seven years.

The team identified the most expensive names, setting a basic rule that there had to be a sale of a property bearing the name at least three times. And then they worked out the average property value.

The property price of each home was pretty hefty. The value ranged from £2.9 million up to a staggering £7.7m. The average price of a home in the survey was £4.8m.

So, what other names could you pick for your home to try and up the property price?

Doves House, Ormidale, Bar House and South Penthouse were runners-up in the research.

Other big spending names included Kings Chase, Woodhay, Gatsby, Corner-Croft and Nairn. At tenth place in the chart, houses called Nairn still sell for a median property price of £2 million.

The research also looked at some of the most popular house names in the UK. Top names included Rose Cottage, Ivy Cottage, Woodlands, The Willows, Hillside, Orchard Cottage and Meadow View.

If you picked one of those names for your house thinking you were being original... sorry, it seems not.

What do you think the most popular house name is in Britain? According to the research, every day in the last seven years more than one house called The Cottage has been sold.

That equals 2,701 in total, with a typical property price of nearly £290,000. That's well above the average UK property price of around £225,000.

A separate piece of research also released by the same company earlier this year looked at the opposite end of the scale: the UK's cheapest houses.

If your budget is extremely limited, you should look for a move into Tower Green in Middlesbrough. It's the cheapest house in England and Wales, where a sample property price is just £21,290.

Yes, you read that right. You really can still buy a home in modern-day Britain for under £30,000.

All of them are in the north of England according to further analysis of data from the Land Registry.

It's believed the property price is kept low because of sales under the "right to buy" scheme, or local regeneration plans. Prices are also kept low where there is demolition happening locally or widespread compulsory purchase.

But you can also find cheaper homes in other parts of the UK according to the research.

Clacton-on-Sea in Essex has a host of houses which have sold for an average of £50,000.

In the town of Gainsborough in North Lincolnshire there is a pocket of cheap housing. Other areas with affordable property includes Milton Keynes, Plymouth, Cardiff and Stoke-on-Trent.

Bizarrely you can still get affordable property in London - for just under £100,000.

The capital's cheapest street is Kingsbridge Circus, which is between Brentwood and Romford in the east of London.

Some houses in Willow Tree Walk in Bromley are also below the magic 100k price. All of the affordable areas in London are in the south or east of the city.