What's in a name?

7/16/2010
Is there more to this statement than meets the eye?
A recent survey has found that the highest value houses are to be found on a "Hill", where the average property value stands at £341,466 - well above the national average. Other names at the top of the list include "Lane", where average values are £328,378, "Mews" coming in at £294,869, "Park" at £283,069 and "Green" at £269,861 (I understand Green is becoming less popular after the world cup!). Conversely, at the other end of the league table are "Terrace" at £156,387 and "Street" at £155,515, whilst the most common name by far is "Road" with an average figure of £144,322.
I have long been of the opinion that the name of your house or the street where you live, can have some impact on the value of your home due to public perception. For example "Wisteria Cottage" paints a completely different picture to "Gas Works Road"!
