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TODAY'S OTHER NEWS

Homes with ‘terrace’ or ‘court’ addresses attract below-average prices

An analysis of thousands of transactions shows that homes with ‘street’ in their address produce sale prices which are almost exactly in line with national averages for the property type - but many other common addresses fall below average.

For example, addresses with ‘Terrace’ typically resulted in a sale price some five per cent below average; for homes with ‘Court’ addresses the typical sale price was 12 per cent down.

Worse, homes with ‘Close’ in their address were some 17 per cent below average sale price.

Homes with less common addresses including ‘Mount’ and ‘Drift’ were also one per cent and 29 per cent below average respectively.

The assessment was undertaken by property finance firm One77 Mortgages, which analysed thousands of Land Registry transactions over the last year.

Top of the pile was Square, with properties located on a square commanding 117 per cent more than the average property.

Hill ranked second with buyers paying 85 per cent more with Place, Gardens, Lane, Farm, Park, Crescent, Mews and Approach all placing in the top 10 where premium street prices are concerned.

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