Festive Street Names in Warrington Impact Property Value
In Warrington, a recent study conducted by chartered surveyors Stokemont has revealed a surprising correlation between festive street names and property value. Properties located on streets with Christmas-themed names are reportedly worth nearly £55,000 less on average compared to similar properties on non-festive streets in the area.
Experts at Stokemont have found that properties on streets like Holly Road in Warrington have an average value of £129,232, significantly lower than the average value of £184,039 for properties on non-festive streets. This discovery has shed light on the impact of festive street names on the real estate market in Warrington.
Regional Findings
Warrington ranks second in the list of areas most affected by this phenomenon, with festive street names leading to a 29.78 per cent decrease in property value. Yarm takes the top spot with a 30.16 per cent decrease, followed by Northwich, Waterlooville, and Sutton Coldfield.
On the other hand, some regions have seen an increase in property value due to festive street names. Newcastle upon Tyne, for example, has experienced a remarkable 102.22 per cent increase, while Southampton and Woking have also seen significant boosts in property value.
Unique Trends
The study also uncovered interesting trends related to specific festive terms in street names. Streets with the word ‘snowball’ have been found to increase property value by 11.45 per cent, while streets with ‘reindeer’ in the name see a 9.80 per cent increase. However, properties on streets with ‘Rudolph’ experience a considerable decrease in value.
This survey highlights the intriguing relationship between festive street names and property value, showcasing how something as seemingly insignificant as a street name can impact the financial worth of a property.
Personal Reflection
As a resident of Warrington, I couldn’t help but feel a sense of curiosity and amusement upon learning about the impact of festive street names on property value in our area. It’s fascinating to think that something as simple as a street name can have such a significant effect on the real estate market.
While the news may not be particularly merry for homeowners on festive streets, it’s heartwarming to know that these streets continue to bring joy and cheer to the community, regardless of their financial implications. This serves as a reminder that sometimes, the intangible value of a festive name can outweigh its monetary worth.
