Hornsey Road

This sign is on the corner of Marlborough Road so what puzzles me is what the almost completely faded sign on the bottom right says. It doesn't look as if it ever read Marlborough on the top line and although the beginning of the bottom line looks as if it could start with an 'R' it then seems to end 'VES' so perhaps it wasn't a street sign at all.
Any ideas?

Update: (with thanks to grepnold) Formerly Hanley Road West (see discussion below)

Pretty signed out altogether, this wall, as the white blobs looks as if something has been blu-tacked up there at some point too!