Rude Street names can increase your property value by £15K
When house-hunting, many Brits don’t pay much attention to the road name, but research by SellHouseFast.uk can reveal that the first line of your address can affect how much your house is worth. In fact, some street names increase your property’s value by up to £800,000, so it’s well worth considering a street name when looking at purchasing your next property!
Which Rude Street Names Add the Most Value?
Upon examining hundreds of rude road names across the UK, SellHouseFast found that the property average on these roads increased the value of your home by £44,460.20 on average.
The naughtiest road name with the highest added value, is one of America’s favourite swear words ‘jackass’. ‘Jackass Lane’ has an average selling value of £869,866.50 and is the most popular in both London and the South East of England.
Gardening friendly, ‘hoe’, came in with an average value increase of £205,298.31 and is the most popular in the South East of England, making the South East of England home to some of the naughtiest street names.
Other names that increased property values, along with their most popular regions, are as follows:
- Thong: £111,429, South East & Yorkshire and the Humber
- Bottom: £101,158.31, East Midlands
- Butt: £30,076.53, South West
- Spank: £8,642, East Midlands
SellHouseFast found that most popular ‘rude’ street name across the UK is ‘Butt’. It makes an appearance in 151 different road names and increases property value by £30,076.53 on average.
Coming in second, with the possible need for a haircut, is the road name ‘Bush’, mentioned 79 times across England, Wales, Northern Ireland, and Scotland. ‘Bush’ is closely followed by ‘Beaver’ which is found in 57 roads in the UK.
Amusingly, SellHouseFast found that: ‘Butt’ appears 31 times across the South West of England.
‘Bush’ appears 14 times in the East of England, ‘Beaver’ 18 times in the South East of England and ‘Bottom’ 13 times in the East Midlands .
Following this information, Robby Du Toit, managing director of SellHouseFast provided some comments on the reasons why properties can increase based on their street name, and how you can change your street name:
“Whilst it’s evident a ‘happy street name’ found in recent research by Bankrate can add value, you’d assume a ‘rude’ one would not. However, our findings indicate that there isn’t always a clear pattern and in fact they can add value to your home.
That being said, it can be off putting to purchase a home on a road that sounds rude, so when looking into the data collected, we did find government guidelines and tips on how residents can change their street name, as not everyone finds Bush Lane as comical as others.
Different cities and counties across the UK will have different rules as to how you can change your street name. Yet, there are some general tips and procedures.
The council will consider requests from residents, but there must be a good reason. A handful of council guidelines state that one good reason includes a group of residents being unhappy with the street name. This is a very time-consuming process so it can be difficult to get this change approved, as it isn’t just the council’s decision. For instance, Royal Mail are also asked whether they agree it is necessary.
You must also ensure you obtain permission from most residents on your street, so gathering enough signatures is essential.”
