This street takes its name from the townland - Ballyhanwood. "The name of the townland is recorded as Ballehenod in 1623. The final element of the place-name may be a gaelicised form of the English surname Henwood which derives from the name of the village of Henwood in Cornwall (from Old English henn ‘hen’ + wudu ‘wood’) (Hanks & Hodges 1988, 251)". (placenamesni.org, accessed 16 December 2023).