When it comes to pancake related street names buyers will pay the most when looking to purchase on a street with pancake itself in the name – with homes averaging £1.16m, analysis from Yopa reveals.
To coincide with ‘Pancake Day’ Yopa analysed price paid data from the Land Registry looking at the sold price of property transactions to have completed over the last year across pancake related street names.
The research shows that, fittingly, it’s streets with pancake in the name that command the highest price, with an average sold price of £1.16m over the last year.
Not only do pancake related street names command the highest price, but they’ve also seen the largest annual increase, up 61% in the last year alone.
RIGHT INGREDIENTS
But you can’t make pancakes without the right ingredients and Yopa’s analysis shows that roads with milk in the name are the second most expensive when it comes to Pancake Day house prices.
Over the last year, homes sold on roads with milk in the name have commanded an average sold price of £412,000, whilst also seeing the third largest annual increase at 40%.
Butter ranks third, with an average house price of £387,500, having seen the second highest pancake house price increase over the last year at 46%.
Lent (£314,000) and Lemon (£297,500) complete the top five, followed by Sugar (£249,500) and Tuesday (£248,500), whilst the most affordable of the lot is flour, with homes sold on streets with flour in the name going for just £135,000.
FLIPPING HELL
Verona Frankish, Chief Executive of Yopa, says: “Over a million pounds is a flipping lot of money to pay to secure a pancake related road name, but it seems that the nation’s homebuyers are happy to pay stacks in order to do so.
“Of course, you can’t make pancakes without the right ingredients and if your budget doesn’t stretch to pancake property levels, streets with flour in the name provide a pretty sweet alternative with a far more affordable price tag.”
