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'LANE' TOPS THE CHARTS IN 'WOOLWICH AFFLUENT ADDRESS INDEX'

Added: (Wed Feb 14 2001)

Pressbox (Press Release) - 'LANE' TOPS THE CHARTS IN BATTLE OF VALUABLE ADDRESSES

FROM PARK LANE TO CORONATION STREET…
THE WOOLWICH REVEALS AFFLUENT ADDRESS INDEX

If you live on a Lane your house is probably worth 50% more than a house on a Drive, according to mortgage experts The Woolwich.

Research from The Woolwich shows that the first line of an address can say something about the lifestyle of the owner.

The results show a clear victory for Lane (as in Park). And although Rodeo Drive may be the hot strip stateside, UK Drives and Streets trailed in last with a lower value.

The Woolwich Affluent Address Index
Location Average price ()
1. Lane 123 000
2. Way 113 000
3. Road 110 000
4. Avenue 102 000
5. Close 97 000
6. Street 92 000
7. Drive 86 000

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Notes to editors
About The Woolwich Open Plan mortgage range

The Woolwich pioneered flexible mortgages on the high street. It now has a range of products all with daily interest, the facility to borrow additional funds at mortgage rate, overpayments and underpayments and the flexibility to manage the mortgage via branch, telephone, Internet, WAP and digital TV. Open Plan Offset enables customers to save interest and reduce the term of the loan by offsetting money in current and savings accounts against the mortgage. All the accounts are kept separate, but work together with funds being offset every day.

Research Details

The Woolwich studied the first line address details of more than 1000 properties across the UK and referenced them with the property’s value. From this they were able to assign an average value to the most popular addresses - be it Avenue, Close, Drive, Lane, Road, Street or Way.


For further information contact:


The RED Consultancy
Chandree Gungabissoon / Claire Candler / Jenny Lomas
Tel: 020 7465 7700

The Woolwich Press Office
Emma Keens
Tel: 020 7699 3851
Out of hours pager: 07666 860326

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