Thu 18 Jul 2019
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 while 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 – while 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 870 streets in WA7 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.
|Monoploy Street Board||Runcorn ( WA7) Equvilent Street||Total Value of all the Homes on the street|
|Park Lane||The Glen||£30,133,000|
|Bond Street||Walsingham Drive||£28,695,000|
|Oxford Street||The Uplands||£28,077,000|
|Regent Street||Clifton Road||£28,041,000|
|Coventry Street||Main Street||£26,567,000|
|Leicester Square||Malpas Road||£25,472,000|
|Trafalgar Square||Dorchester Park||£25,011,000|
|The Strand||Weston Road||£22,678,000|
|Vine Street||Malmebury Park||£22,295,000|
|Bow Street||Halton Road||£21,318,000|
|Pall Mall||Boston Avenue||£21,145,000|
|Northumberland Ave||Oxford Road||£20,458,000|
|Pentonville Road||Aston Lane||19,880,000|
|Angel Islington||Norleane Crescent||£18,340,000|
|White Chapel Road||Moughland Lane||£18,323,000|
|Old Kent Road||Old Coach Road||£17,857,000|
Mayfair and Park Lane are represented by Chester Road and The Glen. Surprises in the mix include Queensway and Dysart Road. They are rightly in the list because of the sheer size of those streets; because while the value of those homes is much lower than the posher streets, the total value of the whole street means they make the top 20 list.
Now of course while drawing a comparison between a 1935 board game and the actual total house values on those Runcorn streets and roads provides a light-hearted point of view of the Runcorn property market, it does present a credible picture of Runcorn’s most popular streets. Next time I will get back to writing an article with a little more seriousness and deeper issues on the Runcorn housing market, but this week, I hope you enjoyed my little bit of fun!