A person who owns a property with Warren or Chase in the address, no matter how small the property is, can say he is lucky as he could be sitting on good fortune.
According to the Daily Mail, if you live with an address that has either Warren or Chase you are living in a highly valued real estate. Moreover, it was said that locations with these names are places where expensive properties in the United Kingdom are located.
An analysis conducted by property website Zoopla discovered that a home in a road that has Warren on its title on the average would be worth about £607,267 which is more than twice the national average home price of £282,978. Those whose addresses bear only the typical "street" title are found to be worth around £184,722.
The next most expensive address is Chase with which the typical property worth is £482,867. Mount comes next with £390,500 as the typical average. The other addresses that are considered expensive in the nation also include the words Park, Park End, Green, Way and Land.
The top 10 priciest street names in London and their corresponding average home values according to Zoopla analysis are:
1 Warren £607,267
2 Chase £482,867
3 Mount £390,500
4 Path £389,732
5 Park £384,809
6 End £381,933
7 Green £363,348
8 Way £358,981
9 Hill £354,301
10 Lane £342,059
On the other hand, addresses that contain Row (£233,778), View (£207,641), Terrace (£194,403), Court (£194,172) and Street (£184,722) are those with the cheapest average home values.
Moreover, according to the Zoopla analysis, the most common residential location bears the word Road with a total of 2,125,670 properties. Next in the line is Street with 1,036,227 properties and Close with 325,528 properties.
The analysis has therefore concluded that the words on the address can help determine how one can expect to pay for a property. So for those with budget constraints, they could find affordable properties on addresses with the words Streets, Courts and Terraces and for those who can afford to pay for exclusivity they search properties on addresses with the words Warren or Chase.
