People live in homes for much longer if the street has a romantic name
For people put down roots for far longer than the national average in properties that have a connection to love, the latest study by Purplebricks has revealed.
To mark the forthcoming Valentine's Day, the estate agent analysed a total of 29 million household addresses across the UK to see whether Cupid really does strike in Love Lane and other amorously addressed locations.
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It found that in the past year, just 64 homes (2.2per cent of sales) were sold out of a total of 2,900 individual properties which have the word “Love” in their address. This is almost half the national rate of 3.6per cent of the UK's housing stock that has gone onto the market in the last 12 months.
Just under half of these romantically-linked homes have had the same owners for two decades or more and almost 90per cent of residents have been in their property for more than five years.
The estate agent analysed a total of 29 million household addresses across the UK
In one street in Oxfordshire, charmingly named Bouquet Close, the 12 properties have not changed hands for more than ten years.
Of 29 streets containing the name Valentine, just 13 houses exchanged owners in the last 12 months, a rate of 1.3per cent, with eight out of ten residents at those addresses occupying the same house for over five years.
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Across the UK there are over 1,000 romantic streets with love themed names with Rose being the most common followed by Love, then Valentine. There are 70 properties in roads with the name Kissing and 85 attached to Cherish. Date is in the address of 129 properties.
The name Cupid occurs in two streets with a total of 15 houses, Cupid Green in Hemel Hempstead and Cupid's Corner in Southend-on-Sea. There are 72 homes across four Heart streets – Hand in the Heart Road in Herne Bay, Heart's Delight Lane in Canterbury, Heart Delight Road, Sittingbourne, all in Kent and Heart of Oak Road in Wales.
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Only one of these homes has come up for sale in the past year.
Just 64 homes were sold out of a total of 2,900 individual properties which have the word 'Love'
The last time one of the 10 houses in Kissing Tree Lane, Stratford upon Avon came on the market was 16 years ago, Purplebricks found.
Michael Bruce, chief executive of Purplebricks said: “Love really is in the air and if you'd like your own romantically named love nest, we have the ultimate Valentine house up for sale – an impressive detached five-bedroomed house in Love Lane, Maidstone.”
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