Yahoo Finance Christmas-related street names bump up property prices
Brits who happen to live on streets whose names reflect the holiday spirit might find the value of their property boosted.
Boiler price comparison website Heatingforce.co.uk compiled a list of festive street names to find out what impact they had on a property’s worth.
On top of the list of words that could increase a house's value is the world ‘toy’. Homeowners whose streets have the word in it could see their house price increase by £272,249 ($360,491) compared to the UK average. The average house price for streets with toy in their name was £660,798.
Houses on streets with the world 'tinsel' in it were valued on average at £283,458, and Brits lucky enough to have a home in one of the streets with this festive name could see an increase of £90,645 compared to the UK average.
‘Frosty’ came in third place, with properties on average valued at £356,696. The value of properties located on streets holding this Christmas-related name could increase by £70,479.
Words including snow, stocking and gingerbread can also boost home prices.
However, there are certain festive words like reindeer, holly and turkey that could actually do the opposite homeowners.
Read more: UK property purchases slip 26% after end of stamp duty holiday
Homes located on a street with ‘elf’ as part of the street name are valued £240,152 less than the average UK property price of £530,940.
Homeowners living on a ‘cider’ street name will see value depreciation of £146,029 compared to the average property price of £302,846.
Research also showed that homes on streets with ‘Presents’ as part of the name will be valued £145,406 less than the average property price in the UK, which is £173,303.
It was reported earlier this week that property purchases in the UK fell 26% in the third quarter of the year, compared to the previous three months, as the government’s stamp duty holiday came to an end in September.
However, this was still 10% higher than pre-pandemic levels in the same period in 2019.
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