If you want to emulate Her Majesty from a property standpoint, well at least where your address is concerned, then there’s no better street to live on than Buckingham Palace Road.
Doing so would see you residing on the same street as the palace itself however, 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. A flat which sold for an eye-watering £1.95 million has been recorded as the most expensive sale in the past 12 months.
Fortunately, you don’t have to have such a princely budget to grab your own slice of royalty. 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 £292,00 in the last year.
This also includes ‘monarch’ such as Monarch Gardens in Tunbridge Wells, which brings in an average price of £280,000 while roads containing the word ‘crown’, such as Crown Close in Dewsbury, carry an average of £254,500.
The most expensive transaction in the past year, sold for £2.15 million, had been a terraced house on Queen Elizabeth’s Walk, Hackney and the average asking price for a home on a road containing ‘Elizabeth’, clocks in at £240,000.
Property on a road with ‘Queen’ in the name will cost you £230,000 on average, yet the most expensive price paid in the last year was a mind-boggling £12.4 million for a flat in the City of Westminster on Queensway.
Roads containing ‘jubilee’ have commanded £220,000 over the last 12 months, however, in the past year, a terraced house on Jubilee Place in Kengsington sold for £4.35 million.
‘Commonwealth’, such as that of Commonwealth Close in Winsford, carries an average price of £220,000, while roads with the word ‘throne’, such as Throne Crescent in Rowley Regis, Sandwell average £184,000 in property value.
Michael Bruce, chief executive officer and founder of Boomin, commented: “The Royal Family is a cornerstone of British culture and they’re woven into the fabric of our nation, influencing the names of everything from transport links, schools, corporate buildings and even our residential road names.”
“In fact, there is 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.”
Bruce concluded: “So 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.”