Simple trick that could add thousands to your home's value

It will only set you back around £40

How to add thousands to the value of your house

Most people's houses are numbered. And located on a street. But more upmarket properties are simply named, and are probably found on a 'lane' or 'hill'.

"Please attend my garden party at Highclere House", a person who drinks English sparkling wine and serves canapes might say. They're stroking their black Labrador and listening to Ed Sheeran.

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But you can't always trust a name. If you were to visit Matchwood Manor or Pendragon Hall, for example, you might imagine you're off to a lavish venue – but you wouldn't. They're regular old houses. No canapes.

There's a savvy reason people rename their houses, though: doing so can add value. It also erases the identity of the former owner, and gives you a feeling of ownership.

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A recent survey by Mayfair estate agent Wetherell found posh addresses can add as much as 40 per cent to the price, The Telegraph writes.

Another report by property site found that up to £30,000 could be added to the price of homes with 'regal titles'. Changing the name of your house costs about £40. And anyone can apply to do it. You really don't need a huge pad.

"I changed it from the mundane Esher Cottage to the far grander Crown Cottage," said Suffolk homeowner Tim Day. "It was unbelievably easy and took just 24 hours."

"There is definitely the snob factor of having a home with an aspirational name. Anything named 'Hall' or 'House' can help add to desirability".

It's not just the house. Living on a 'lane' rather than a 'road' or 'street' is also valuable – and increases worth. Such addresses can sell for £100,000, property experts HomeTrack found.

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You can change the name of your house

"Similarly, we often find that homes named 'Cottage' are seen as more desirable than a street number," says estate agent Cheffins director Bruce King.

"There is definitely the snob factor of having a home with an aspirational name. Anything named 'Hall' or 'House' can help add to desirability."

So, fancy renaming your place? It's easy – but there are rules. Of course there are. Local authorities maintain 'gazettes' of addresses to prevent duplication.

Generally, new names mustn't be difficult to pronounce or spell, mustn't advertise a business, and certainly can't be offensive. The procedure involves the local council, Post Office, and Emergency Services. About 7,000 new names were agreed upon last year. Start by getting in touch with your local authority.

Worth a punt, maybe.

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