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The song's title is derived from the name of a street near Lennon's childhood home for his first five years Newcastle Road, just off Church Road), in the band's hometown, Liverpool, England. McCartney and Lennon would meet at Penny Lane junction to catch a bus into the centre of the city. During the 1960s, this was a significant bus terminus for several routes, and buses with "Penny Lane" displayed were common throughout Liverpool. The name Penny Lane is also used for the area that surrounds its junction with Smithdown Road, Smithdown Place (where the terminus was located) and Allerton Road, including a busy shopping area. Today the street is an important landmark, sought out by many Beatles fans touring Liverpool.
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