- Properties on a street bearing the name of Prince George are on average 16% more expensive than the local average
- Buyers can expect to pay a premium of £110,187 for the privilege – 63% higher than the UK average house price
- In London, properties with the regal address are a third (33%) more expensive than the average house price in the capital
Buy property on a street bearing the name of Prince George and you can expect to pay almost a fifth (16%) above the average for that postcode, according to new data by leading property search engine, Placebuzz.com .
The research, coinciding with Prince George’s 1st birthday on July 22, also reveals that a property with the little prince’s moniker costs on average £110,187 more (63%), than the average UK house price.
According to Placebuzz.com figures, properties on Prince George streets in London are 26% more expensive than average property prices in the same postcode, and a third (33%) pricier than the average London property.
For example, buyers purchasing property on Prince George Road in London’s trendy Stoke Newington will pay £599,464, which is almost 50% more than the average house price in the N16 postcode.
And, in south-west London, the trend continues. Buying a property on Prince George’s Road in Wimbledon costs £725,491, 28% more than the average SW19 home.
This gulf in price is not unique to London. In Portsmouth, houses on Prince George Street are on average £223,920, over a quarter more (26%) than the cost of a home with a P01 postcode (£177,860).
The following table shows a sample of Prince George streets across the UK:
||Average price of a house on a ‘Prince George’ road (£)
||Average price of a house in the same postcode (£)
||% Difference compared to average house in same postcode
||% Difference compared to UK average
|Prince Georges Road, SW19
|Prince George Road, N16
|Prince George Avenue, N14
|Prince George Street, PO1
|Prince George Drive, DE22
|Prince George Street, ST10
|Prince George Avenue, SR6
Andy Hatoum, co-founder of Placebuzz.com, says: “By George! Clearly, buyers have to fork out a lot more for the privilege of living on a road steeped in royal history. The inflated price tag associated with living on a road named after the latest addition to the royal family is almost double in Portsmouth. The baby Prince is already boosting sales of baby clothes – does his regal influence extend to the property market too? It would seem so.”