Best and worst performing street types

If you live on a street called The Strand then you’re on a street type that has the highest average house value – over $1.4m.

At the other end of the scale, if your house is on a Line, Belt or Street then you’re street type is amongst the lowest valued.

We’ve taken every street in the country, grouped them according to the street type, then calculated the average capital value of all the houses on those streets.

We have ignored any street type that occurred fewer than 5 times or that had a total of fewer than 100 houses.

 The top of the list is The Strand, followed by Point, Esplanade, Bay, View, Parade and Cove. These suggest locations that are close to the sea (or a lake) or have a view. Both of these characteristics are likely to lead to higher priced properties. Likewise for Brae, Oaks and Mile which are the types of name often given to small, new and/or exclusive subdivisions or groups of houses which in general will have higher values.

At the bottom end of the list are two street types that tend to be in more rural areas – Belt and Line. For this reason they are likely to have lower average values. Street is third from the bottom and reflects that 31% of all NZ houses are on a Street spread across all locations rather than limited to particular locations.

The next most common street type is Road with 28% of all houses, but it has a significantly higher value than Street. Together they have nearly 60% of all NZ houses. The next most common, but a long way further back is Place with just under 9% of all houses.

While there is some relationship between street type and value it is very unlikely that people choose where to live based on whether the house sits on a Parade, a Loop, or a Belt. Much more important is whether that house has other characteristics desirable to the owner.

Average capital value by street type