Properties on streets with rude names in Stamford, Bourne and Rutland area are worth £40,000 more, says company SellHouseFast
Homes on streets with rude names in the Stamford, Bourne and Rutland area could be worth £40,000 more simply because of the snigger-inducing address.
Research by property company SellHouseFast revealed some unsavoury-sounding names could even boost the price by £800,000.
They compared the average price of a home on a ‘rude’ road with the average house price in the postcode to see if there was a difference.
And their findings suggest that the likes of Butt Lane in Wymondham and Bottom Lane in Bisbrooke are worth more.
Across the Midlands, having a ‘rude’ street name can reportedly increase property value by £40,237.
Nationwide, ‘Butt’ is said to be the most popular rude road name with 151 instances, mostly appearing in the South West region.
‘Jackass Lane’ is the most valuable street name – adding over £800,000 to a home.
Robby Du Toit, managing director of SellHouseFast, provided some context as well as advice on getting street names changed.
He said: “Whilst it’s evident a ‘happy street name’ found in recent research by Bankrate can add value, you’d assume a ‘rude’ one would not. However, our findings indicate that there isn’t always a clear pattern and in fact they can add value to your home.
“That being said, it can be off-putting to purchase a home on a road that sounds rude, so when looking into the data collected, we did find government guidelines and tips on how residents can change their street name, as not everyone finds the names as comical as others.
“Different cities and counties across the UK will have different rules as to how you can change your street name. Yet, there are some general tips and procedures.
"The council will consider requests from residents, but there must be a good reason. A handful of council guidelines state that one good reason includes a group of residents being unhappy with the street name. For example, the locals of one street in Rowley Regis voiced their concerns after children living on the road were bullied at school for living there. This is a very time-consuming process so it can be difficult to get this change approved, as it isn’t just the council’s decision. For instance, Royal Mail are also asked whether they agree it is necessary.
“You must also ensure you obtain permission from most residents on your street, so gathering enough signatures is essential.”
View the full study here