A survey by property website Zoopla.co.uk shows that the average property value in streets with ‘Gold’ in their names currently stands at £280,114, compared with £224,786 for ‘Silver’, and £198,537 for ‘Bronze’.
As with the corresponding metals, ‘Gold’ streets not only contain more valuable homes but are also much rarer than ‘Silver’ streets. There are 61 residential streets in Britain with ‘Gold’ in their address, compared with 559 ‘Silver’ streets.
'Silver' can claim to top 'Gold', however, when it comes to having the highest-value homes. Average property values in Silver Lane, Purley, currently stand at £1,774,563, compared with those in Gold Hill, Farnham, at £1,478,822.
Nicholas Leeming, business development director at Zoopla.co.uk, said, “Getting onto the property ladder these days probably feels like as much of an effort as winning a gold medal at the Olympics to many people.
“Getting to live on a street with ‘Gold’ in the name is certainly something for homeowners to work hard and strive for – something our athletes will be all too familiar with.”
The research's findings were:
Top five ‘gold’ streets, and average property value
- Gold Hill, Lower Bourne, Farnham, GU10 – £1,478,822
- Gold Hill, Batcombe, Shepton Mallet, BA4 – £1,024,878
- Gold Street, Cobham, DA12 – £787,500
- Gold Hill East, Chalfont St Peter, Gerrards Cross, SL9 – £629,647
- Gold Close, Broxbourne, Hertfordshire, EN10 – £513,159
Top five ‘silver’ streets, and average property value
- Silver Lane, Purley, CR8 – £1,774,563
- Silver Lane, Willingale, Ongar, CM5 – £762,166
- Silver Lane, West Challow, Wantage, OX12 – £655,974
- Silver Crescent, London W4 – £648,316
- Silver Birches, Small Dole, Henfield, West Sussex BN5 – £642,405
Top five ‘bronze’ streets, and average property value
- Bronze Barrow Close, Wigston, Leicestershire, LE18 – £324,535
- Bronze Close, Beggarwood, Basingstoke, RG22 – £300,733
- Bronze Street, Deptford, SE8 – £192,299
- Bronze Close, Bognor Regis, West Sussex, PO22 – £136,602
- Bronze Close, Nuneaton, Warwickshire, CV11 – £126,738
In the Summer 2012 issue of Re:locate magazine, our UK focus includes coverage of the latest relocation hotspots, plus property trends affecting relocation.