To commemorate St George’s Day today we discover that being patriotic doesn’t add value to your home!
Homes on St George’s Day streets could offer patriotic homebuyers a more affordable leg up onto the property ladder. That’s according to research by the estate agent comparison site, GetAgent.co.uk, which shows that on average they’re home to houses that sell for -6% cheaper than the national average.
The research looked at the average property sold price on street names associated with Saint George’s Day over the last year and how they stack up when compared to the current average house price of £266,532 in England.
St George is the patron saint of England, although legend goes that he was a Roman soldier who killed a dragon and saved a princess. The research shows that St George’s Day streets could help homebuyers slay the high cost of homeownership in England.
Homes on streets called Cross have sold for -20% cheaper than the national average in the last year, at £209,975. Properties also tend to be cheaper on roads called Shield (£210,000), April (£225,000), England (£231,000), Dragon (£242,000) and St George (£246,000). However, some St George’s Day road names will come at a less patriotic property price premium.
Homes on roads called Sword had an average sold price of £307,998 in the last 12 months, 18% more than the national average across England. Following close behind was Knight (287,000), Church (£275,000) and Patron (£270,000), all of which command higher-than-average house prices.
So if you wanted to live on a street with a dashing name associated with our patron saint, clearly go for Cross or Shield in order to grab a bargain.
Founder and CEO of GetAgent.co.uk, Colby Short, commented:
“While Saint George’s Day celebrations are likely to be smaller scale this year, we have plenty of cause to feel patriotic given the tough times of late and how we’ve come together as a nation to overcome them. To commemorate the date, we decided to have a light-hearted look at street names associated with the patron saint and how they perform when it comes to the price of patriotic properties. The good news is that, for the large part, they offer a far more affordable foot on the ladder although divergent nature of house prices across England means that some will set you back as much as £100,000 more than others.”
|Road Name||Median Sold Price||Difference vs National Average|
|Data sourced from the Land Registry Price Paid records (March 2020 to February 2021 – latest data available)|