The Wigston Monopoly Board

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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 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; at the time, it was the most expensive street to buy houses on, 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 444 streets in LE18 and calculated the top 20 streets in terms of the total value of all properties on that street.. and just for fun, colour coded them as if they were on a Monopoly board…

Mayfair and Park Lane are represented by Aylestone Lane and Mere Road. Surprises in the mix include Leicester Road and Lansdowne Grove. They are rightly included in the list because of the sheer size of those streets; because, whilst 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, whilst drawing a comparison between a 1935 board game and the actual total house values on those Wigston streets and roads provides a light-hearted point of view of the Wigston property market, it does present a credible picture of Wigston’s most popular streets. Next time I will get back to writing an article with a little more seriousness discussing deeper issues related to the Wigston housing market, but this week, I hope you enjoyed my little bit of fun!