If you have a house in Southampton that's located on a street with a festive name you could be in luck, as it could help boost its value.

That's according to data from the building surveyors Stokemont, with Southampton properties having their second-highest increase in value in the whole of the UK by their metrics.

Stokemont's research compared house prices on festive streets across England and Wales to similar properties in order to learn if festive names had an impact on value.

According to the findings, street names containing the word ‘Snowball’ are the most lucrative on the list, increasing the average house price by a huge 11.45 per cent (£17,644 on average).

Daily Echo: The research claims Southampton homes on streets with certain festive street names get their value boosted by more than 60 per centThe research claims Southampton homes on streets with certain festive street names get their value boosted by more than 60 per cent (Image: PA)

Following closely behind are streets with the term ‘Reindeer’ in the name, which increase property value by 9.80 per cent on average. 

Coming in a close third, and increasing the average house price by a substantial £28,565 are Stocking-related street names.

Meanwhile, streets with the word 'Carol' go up on average by 8.99 per cent and those with the word 'Christmas' go up by 8.63 per cent on average.

Locations with biggest increase in house prices through festive street names

According to the research by Stokemont the locations with the biggest average increase in property value if they are located on a street with a festive name are:

1. Newcastle - an increase of £206,815 (102.22 per cent)

2. Southampton - an increase of £241,276.90 (62.88 per cent)

3. Woking - an increase of £240,490.42 (39.26 per cent)

4. Crewe - an increase of £94,758.15 (38.28 per cent)

5. Rossendale - an increase of £40,671.97 (27.27 per cent)

Certain festive-related names can also devalue a property as ‘Rudolph’, can knock a huge £130.337 off the price on average, a shocking 23.02 per cent decrease compared to similar properties.

Next up are street names containing the word ‘Turkey’, which decrease house prices by 9.96 per cent, or £35,539, on average. 

The third biggest hit to property value is on streets with the word Nicholas in the name, where the average decrease in property value is 5.73 per cent.