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Property prices with love in the address sell for 105% more on average.

Posted by Yomdelier - 14 February, 2019

We may be going through a messy break up with our long-term European partner, but the UK property market is still showing the love with properties selling in 15 locations with love in the name – almost all of them for above average price.

“With everything that’s going on at the moment we could all do with spreading a little more love, and the property market could certainly use it after a rough year of Brexit heartbreak and uncertainty that has seen price growth all but vanish into the sunset." Andy, Yomdel CEO.

Looking at house price sold records from the Land Registry, we found that on average, properties with love in the address sell for £507,171, 105% more than the English average.

Lovers Walk in Mendip is home to the biggest difference, with property selling for £935,000 on average, making it 255% more loved up than the Mendip average of £263,452.

Lovering House in East Devon is home to a higher sold price of £840,000, 188% higher than the wider average in East Devon.

Newloves in the East Riding of Yorkshire is 118% higher than the local average of £179,191 with property selling for £390,000 on average.

Loverdale in Lover, Lovell Cottage, Lovelace Drive (in Woking and Cherwell), Lovers Walk (in Barnet and Bedford), Loveton, Loves Lane, Loveridge Lane and Loversall are also home to higher sold prices than their wider area.

Unfortunately it’s not all happy ever after and while Loves Lane in West Dorset is higher, Loves Lane in Bath (-32%) and Loves Lane in Rutland (-46%) have seen a lower sold price.

"While very much Valentine’s Day orientated, this research is indicative of the UK market as a whole with pockets all over the place bucking wider trends to enjoy above average house price growth. We should see this continue despite our ongoing EU divorce procedures as we remain a nation of homeowners and this is unlikely to change regardless of who gets the kids once the dust has settled.” Andy, Yomdel CEO.

Road/House Name

Sold Price

Postcode

Wider Area

Wider Average

Difference (%)

LOVERS WALK

£935,000

BA5

MENDIP

£263,452

255%

LOVERING HOUSE

£840,000

EX8

EAST DEVON

£291,572

188%

NEWLOVES

£390,000

YO25

EAST RIDING OF YORKSHIRE

£179,191

118%

LOVERDALE - LOVER

£546,400

SP5

WILTSHIRE

£277,570

97%

LOVELL COTTAGE

£650,000

OX29

WEST OXFORDSHIRE

£336,167

93%

LOVELACE DRIVE

£779,167

GU22

WOKING

£412,169

89%

LOVERS WALK

£950,000

N3

BARNET

£545,726

74%

LOVETON

£380,000

PL12

CORNWALL

£234,471

62%

LOVES LANE

£418,824

DT6

WEST DORSET

£273,880

53%

LOVERS WALK

£438,500

LU5

BEDFORD

£289,992

51%

LOVELACE DRIVE

£385,000

OX5

CHERWELL

£286,845

34%

LOVERIDGE LANE

£350,000

SP4

WILTSHIRE

£277,570

26%

LOVERSALL

£142,667

DN11

DONCASTER

£123,398

16%

LOVES LANE

£237,000

BA2

BATH AND NORTH EAST SOMERSET

£346,209

-32%

LOVES LANE

£165,000

LE15

RUTLAND

£307,011

-46%

 

 

 

 

 

 

AVERAGE

£507,171

N/A

England

£247,430

105%

 

Topics: house prices