Board games seem a thing of the past for youngsters
nowadays with their consoles and mobile phones yet a family favourite in our
household that will bring young and old together is Monopoly.
Mayfair is the square everyone wants to buy and whilst
it is the most expensive to buy – it offers the greatest returns. Mayfair was
the must have London address when the Monopoly board game was made in 1935 when,
at the time, it was the most expensive street to buy houses at £400 each. A
member of my family asked me what a property today would be worth in Mayfair
and how much it would cost to buy them all. Readers will know I like a
challenge. My research shows that a typical house in Mayfair today costs on
average £2.8m - whilst the total value of all the property in the Mayfair area
currently stands at £11.8bn.
The fun part of Monopoly was to build more
houses and ultimately a hotel to extract the maximum rent from the other
players who landed on the square. That made me think, instead of looking at the
average value of a property on the street, what if we looked at the total value
of property on the whole street. So, I carried out some research on all the 517
streets in ST1 and calculated the top 20 streets in terms of their total
value of all properties on the street..
and just for fun, colour coded them as if they were on a Monopoly
board …
Monopoly Board Street
|
Stoke on Trent (ST1) Equivalent
Street
|
Total Value of all the Homes on
the Street
|
Mayfair
|
Birches Head Road
|
£27,831,000
|
Park Lane
|
Milton Road
|
£26,746,000
|
Bond Street
|
Leek Road
|
£24,859,000
|
Oxford Street
|
Hanley Road
|
£18,089,000
|
Regent Street
|
Derek Drive
|
£17,126,000
|
Piccadilly
|
Courtway Drive
|
£13,854,000
|
Coventry Street
|
Turner Street
|
£13,705,000
|
Leicester Square
|
Eros Crescent
|
£13,649,000
|
Trafalgar Square
|
Ridgway Road
|
£13,374,000
|
Fleet Street
|
Etruria Vale Road
|
£12,916,000
|
The Strand
|
Dairyfields Way
|
£12,755,000
|
Vine Street
|
Mornington Road
|
£12,624,000
|
Bow Street
|
Gleneagles Crescent
|
£12,225,000
|
Pall Mall
|
Buxton Street
|
£12,009,000
|
Whitehall
|
Linfield Road
|
£10,977,000
|
Northumberland Ave
|
Kiln View
|
£10,743,000
|
Pentonville Road
|
Cromer Road
|
£10,358,000
|
Angel Islington
|
Athena Road
|
£10,256,000
|
White Chapel Road
|
Bucknall New Road
|
£10,219,000
|
Old Kent Road
|
Kelvin Avenue
|
£9,777,000
|
Mayfair and Park Lane are represented by Birches Head
Road and Milton Road.. no great surprises there, yet there are some surprises
in the mix including Leek Road and Turner Street. They are rightly in the list
because of the sheer size of those streets; because whilst the value of those
homes are much lower than the posher streets, the total value of the whole
street means they make the top 20 list.
Now of course whilst
drawing a comparison between a 1935 board game and the actual total house values
on those Stoke on Trent streets and roads provides a light hearted point of
view of the Stoke on Trent property market, it does present a credible picture
of Stoke on Trent’s most popular streets. Next time I will get back to writing
an article with a little more seriousness and deeper issues on the Stoke on
Trent housing market … but this week, I hope you enjoyed my little bit of fun!
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