Homes worth more on a STREET than on a road
August 3, 2010 § Leave a comment
Addresses containing the word "street" are worth $100,000 more than those ending in "road".
But people who live in avenues, esplanades or parades are doing as much as $400,000 better.
Analysis of NSW home values based on thoroughfare types has shown the average price of a house on a street is $516,000, compared with $409,000 for a dwelling on a road.
Boulevards, avenues and esplanades have average prices hitting $511,000, $649,000 and $809,000 respectively, while those on a parade come in at an average of $641,000.
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