Homebuyers looking to purchase a property on a coronation related road name are likely to do so for a bargain, according to the latest research by property purchasing specialist, House Buyer Bureau.
House Buyer Bureau analysed sold price records from the Land Registry over the past 12 months, looking at the average price of homes sold across 8 coronation related road names and how they compare to the national average across England and Wales.
The research shows that on average, a purchase on a coronation related road will set you back £258,500, some 15% below the current national average of £303,287 across England and Wales.
The most affordable of the lot are, quite fittingly, Coronation related road names, coming in with an average sold price of just £185,000 – 39% below the national average.
Roads named after our new monarch Charles also rank high for affordability, with homes selling for 32% below the national benchmark on average at £205,000.
Monarch is the third most affordable coronation related road name with an average sold price of £245,000 over the last year – 19% below the national average.
Crown (-9%), Sovereign (-8%), King (-7%) and Royal (-6%) also offer a more affordable house price for those looking for a coronation related purchase.
There is just one coronation related road name that will set homebuyers back more than the national house price and that’s Camila.
Homes sold on roads named after Her Majesty the Queen Consort have averaged £310,000 over the past year, 2% higher than the England and Wales average.
Chris Hodgkinson, managing director of House Buyer Bureau, said: “Good news for homebuyers who might want to cement their coronation celebrations with a bricks and mortar purchase on a coronation related road, as for the large part, the cost of a coronation related property comes in below the national average.
“In fact, just Camilla related road names go against the grain in this respect and command a higher sold price. Who would have thought? It seems the public really have warmed to her in recent years.”
