House prices: 24% ‘premium’ put on value of properties which share common factor

Street names which include the word “royal” have a higher price tag than a typical property, a new report has found. Ahead of the King’s Coronation, estate agent Savills compared homes on streets with names bearing a royal theme to the average house price across England and Wales. The report found that the price of houses which feature the word “royal” in their street name are 24 per cent higher with an average of £412,445, than the typical property value at £332,000. Streets containing the word “king” also have a typical house price which is above average for England and Wales, at £354,922. U…

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