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Rude street names cut house prices

Home buyers can grab a bargain if they're prepared to invest in streets with rude names or names which carry innuendo.

Streets with rude-sounding names like Crotch Crescent, Turkey Cock Lane, Bell End and The Knob could turn out to be a haven for property hunters looking to snap up a bargain, research suggests.

The study for website NeedaProperty.com looked for evidence of what impact living in a street with a suggestive name could have on the value of your home.

Properties on streets with innuendo-laden names were found to be around one fifth or STG84,000 ($A156,350) cheaper on average than other homes nearby.

Researchers asked 2,000 people to vote for the street name they'd be most embarrassed to have as their address from a long list and the top 15 were used for the study.

Minge Lane in Upton-upon-Severn, Worcestershire, was found to have the most embarrassment value, picking up almost one third (31 per cent) of the vote.

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Slag Lane in Lowton, Lancashire, followed closely behind, being selected by just over one quarter (26 per cent) of respondents.

But two-fifths (40 per cent) of those surveyed said a street name which some people might find embarrassing would not put them off living there themselves.

NeedaProperty.com commissioned a statistician to compare property prices in the 15 rude-sounding streets with homes situated on all other streets within a one quarter of a mile radius, using Land Registry sales figures.

Property prices on 11 of the 15 streets were found to be "significantly cheaper" than local values typically.

Across all the streets looked at, those with rude-sounding names were 22 per cent or STG84,000 ($A156,350) less expensive on average.

Scott Green, CEO of NeedaProperty.com, said: "It seems there are bargains to be had for those who don't mind a bit of innuendo."


2 min read

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Source: AAP



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