The Reading Monopoly Board

The Reading Monopoly Board

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 363 streets in RG1 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

Reading (RG1) Equivalent Street

Total Value of all the Homes on the Street

Mayfair

Kings Road

£172,554,000

Park Lane

London Road

£159,376,000

Bond Street

Bath Road

£129,377,000

Oxford Street

Wensley Road

£117,664,000

Regent Street

Hamilton Road

£98,817,000

Piccadilly

Napier Road

£81,766,000

Coventry Street

Southampton Street

£81,220,000

Leicester Square

Coley Avenue

£77,906,000

Trafalgar Square

Queens Road

£74,697,000

Fleet Street

Alexandra Road

£70,821,000

The Strand

Kendrick Road

£70,680,000

Vine Street

Alfred Street

£69,324,000

Bow Street

Erleigh Road

£68,273,000

Pall Mall

Addington Road

£67,867,000

Whitehall

Bulmershe Road

£65,722,000

Northumberland Ave

Eastern Avenue

£65,593,000

Pentonville Road

Oxford Road

£62,786,000

Angel Islington

Liverpool Road

£62,475,000

White Chapel Road

Fobney Street

£57,628,000

Old Kent Road

Berkeley Avenue

£55,953,000


Mayfair and Park Lane are represented by Kings Road and London Road. Surprises in the mix include Wensley Road and Alfred 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.

Graph 268

Now of course whilst drawing a comparison between a 1935 board game and the actual total house values on those Reading streets and roads provides a light hearted point of view of the Reading property market, it does present a credible picture of Reading's most popular streets. Next time I will get back to writing an article with a little more seriousness and deeper issues on the Reading housing market... but this week, I hope you enjoyed my little bit of fun!