Buy a house fit for a king or a Camilla
Okay, not a palace but a house in a street with a royal name
Coronation property purchases come in 15 per cent more affordable, although Camilla costs more than the national
average.
The latest research by property purchasing specialist, House Buyer Bureau, has revealed that homebuyers looking to purchase a property on a coronation related road name are likely to do so for a bargain, although just one road name is home to a higher house price than the national average – Camilla.
House Buyer Bureau analysed sold price records from the Land Registry over the last 12 months, looking at the average price of homes sold across eight 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 per cent 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 per cent below the national average.
Roads named after our new monarch Charles also rank high for affordability, with homes selling for 32 per cent 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 per cent below the national average.
Crown (-9 per cent), Sovereign (-8 per cent), King (-7 per cent) and Royal (-6 per cent) 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 last year, two per cent higher than the England and Wales average.
Managing director of House Buyer Bureau, Chris Hodgkinson, 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.”
Picture: Pixabay
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