Average house price premium of 24% ‘to live in streets with royal in name’

Streets including words such as royal and king typically have higher house prices than average, according to research by Savills.

Homes in streets which include the word royal have an average house price which is 24% higher than the typical property value, according to estate agent Savills (Joe Giddens/PA) (PA Archive)

Homes in streets which include the word “royal” have an average house price which is 24% higher than the typical property value, according to analysis.

Ahead of the King’s coronation, estate agent Savills looked at how homes situated in streets with names bearing a royal theme compare with the average house price across England and Wales, at £332,000.

Using Land Registry data, the firm’s analysis of house sales found that those which have the word “royal” in their street name have a particularly high typical price tag, of £412,445.