Lanes are Streets ahead, reveals new property survey from Barclays Mortgages

Lanes are Streets ahead, reveals new property survey from Barclays Mortgages

Lanes are Streets ahead, reveals new property survey from Barclays Mortgages

The FINANCIAL -- Properties situated on ‘Lanes’ are worth over £100,000 more than those on a ‘Street’ according to new research by Barclays Mortgages.

The data, generated by findings provided by property market specialists Hometrack shows that the first line of their address really can say something about the value of a home.

The results show that while homes on ‘Lanes’ come in with a resounding victory at an average property value of £245,906 (22 per cent higher than the national average), homes on ‘Streets’ come towards the bottom of the list, with properties averaging £142,374 (29 per cent under the national average – and a whole 42 per cent lower than ‘Lanes’) across the UK.

Just behind ‘Lanes’ are the ‘Ways’ and ‘Roads’, with average values of £218,742 and £212,717 respectively, followed by ‘Closes’ and ‘Avenues’ at £204,964 and £192,344.