The average cost of a house on a Bournemouth street with a ‘royal’ themed name is almost 40 per cent higher than the UK average.

According to the latest research by property firm Savills, the analysis has found UK streets with names including words such as royal, queen and crown often have homes worth higher than the average house price at £323,196.

And Bournemouth’s Queens Park Avenue made the list of most expensive roads outside London with an average house price of £448,403 – equating to 38.7 per cent more than the UK average.

Those streets which include the word ‘Royal’ demand the highest price tag (£425,345) followed by those which include the word ‘Queen’ (£350,288) and ‘Tudor’ (£347,687).

This makes the average cost of a house on Queens Park Avenue five per cent higher than the average for those on a ‘Royal’ street and 28 per cent more than fellow ‘Queen’ street properties across the country.

Sean Gibson, head of residential sales at Savills Canford Cliffs, said: “Our research has shown that a home on a royal-related street could be a wise investment for buyers, with some addresses including words of royal significance demanding as much as a 32 per cent premium.

“While the priciest streets with royal connections are spread across a wide range of locations across London and the south of england, surprisingly, just two out of the eight areas designated as ‘Royal Boroughs’ feature in the top 15 for both inside and outside of London.”

The most expensive road in the UK with a regal connection is ‘Queen Annes Gate’ located in Westminster (London) – where homes cost on average £4,223,355.

Reflecting on the local property market for the first half of the year, Sean adds: “While there continues to be a shortage of housing stock across Bournemouth, Christchurch and Poole the situation has improved as the year has gone on, with noticeable increases in the number of viewings and applicants registering with us.

"It’s not entirely surprising to see interest pick up at this time of year as it is well known that between now and September is considered prime selling season, but we are recording a high level of enquiries for available properties and significantly more than the weekly averages we were seeing before the pandemic.

“The market isn’t dramatically different to how it has been in the last 12 months insofar as demand is still very much there and the best in class properties – those which are both realistically priced and close to amenities – are selling very quickly.

"However we do anticipate that the economic headwinds to slow house price growth in the second half of the year. This could be helped further though if, as has been mooted, there are relaxations of mortgage regulations.”