Woolwich reveals living in a lane costs 50,000

New research from Woolwich reveals home owners pay a premium for living in quintessential English lanes.

A three bedroom semi-detached house located in a Lane is worth on average almost 50,000 more than an equivalent house on a ‘Drive’.

The results show a clear victory for ‘Lane’ with an average price of
215,000, almost 17% higher than the average three bed semi, at
184,000. Addresses ending with ‘Gardens’ come in second with homes costing an average of 211,000 just ahead of the more common ‘Road’ at 196,000.

The cheapest houses can be found on ‘Drive’, which comes in at just 165,000.