According to a property expert, houses with certain names command an impressive sale price often well over one million pounds.
Lucian Cook, head of residential research at Savills, has revealed that homes abodes with certain names are highly sought after by buyers.
More traditional names like The Manor House, The Old Rectory and The Vicarage took first, second and fourth place respectively on the table of high value names of properties.
Mr Cook said: “Once home to those with the highest status in society, the likes of The Manor House, The Old Rectory and The Old Vicarage, still command the highest house prices, fending off the competition from more contemporary names such as Mallards and Timbers.”
According to Savills, over the past five years, The Manor House named properties have commanded a £1,400,000 price tag, on average. More than two in every five sales is worth more than £1 million pounds, almost four times more than the average house price in England and Wales.
Houses called The Old Rectory sold with an average price tag of £1,301,424. Half of the properties sold with this name over the past five years have been valued at over £1 million.
Over the same period, properties called The Vicarage have sold at an average price of £1,086,887, although fewer sales have been over £1 million, 39 percent.
Mr Cook added: “Certain English house names have held steady over hundreds of years, and tell us a lot about the provenance and history of the property, whether it be related to the feudal system, religion, mythology, our nation’s flora, and even beer.
“Still today, house names instantly conjure an image, whether it’s the distinctive roof line of an Oast House or the intricate timbers within a Tithe Barn.”
Ranked by number of sales in past five years, average value (£) and percentage over million.
THE MANOR HOUSE – 56… £1,423,128… 43 percent
(THE) OLD RECTORY – 355… £1,301,424… 50 percent
MALLARDS – 38… £1,164,150… 24 percent
(THE) OLD VICARAGE – 325… £1,086,887… 39 percent
THE OAST HOUSE – 31… £1,038,774… 45 percent
LIME TREE HOUSE – 33… £981,121… 21 percent
MANOR HOUSE / THE MANOR – 204… £967,117… 29 percent
MANOR FARM HOUSE – 41… £966,235… 32 percent
GROVE HOUSE – 68… £962,904… 25 percent
GLEBE HOUSE – 86… £940,814… 31 percent
