Has your house got the U factor?

Property
Property

Forget streets with the X-factor, living on a street with a name beginning with the letter U could mean your property is worth a lot more, according to new research from property website Zoopla.co.uk.

Average property prices on streets that start with a ‘U’ currently stand at £251,307 – the highest of any letter in the alphabet and £25,503 more than the current average UK property value of £225,804.

Zoopla.co.uk analysed average house prices of the more than three quarters of a million streets in the UK. The most expensive street beginning with ‘U’ is Upper Phillimore Gardens where the average home is worth £5,640,496.

At the other end of the scale, streets beginning with the letter ‘Z’ have the lowest property values, with the average property worth just £180,046 – 20 per cent less than the UK average. One particular example is Zeus Lane in Waterlooville, Hampshire. Despite being named after a Greek god, property values on the street are far from Olympian. The average property value on the street is just £141,278, 37 per cent lower than the national average of £225,804.

Streets beginning with the letters T (£248,008) and O (£244,450) came in second and third respectively in terms of the highest average property values, while those starting with the letters J (£190,802) and A (£211,744) record the second and third lowest property prices.

And vowels beat consonants hands down when it comes to house prices. The average property on a street beginning with a vowel is worth £6,306 more than a street beginning with a consonant. Street names beginning with a consonant have an average property value of £222,789, compared to £229,095 for those with a vowel.

Lawrence Hall of Zoopla.co.uk commented: “It seems that there may be more to a street name than meets the eye. With a £70,000 difference between the average property price on streets starting with the letters U and Z, and a £6,000 difference on average on streets beginning with vowels and consonants, it is advisable to select your street wisely.”

Here’s how the alphabet breaks down:

U, 3,565 streets, average price £251,307

T, 44,927 streets, average price £248,008

O, 16,358 streets, average price £244,450

H, 53,223 streets, average price £234,045

C, 77,769 streets, average price £233,873

P, 36,065 streets, average price £233,550

W, 50,979 streets, average price £231,145

F, 25,835 streets, average price £228,489

L, 39,563 streets, average price £228,400

S, 71,304 streets, average price £228,237

B, 71,884 streets, average price £227,105

Q, 3,826 streets, average price £226,824

N, 18,475 streets, average price £225,911

R, 31,154 streets, average price £223,241

M, 51,216 streets, average price £221,498

K, 16,728 streets, average price £221,106

G, 33,335 streets, average price £219,248

I, 4,316 streets, average price £219,125

E, 19,216 streets, average price £218,849

D, 25,395 streets, average price £218,643

Y. 2,751 streets, average price £218,367

V, 7,752 streets, average price £217,240

A, 31,333 streets, average price £211,744

J, 5,565 streets, average price £190,802

Z, 180 streets, average price £180,046