Complex sentence: It was subsequently renamed Queen's Road in honour of Queen Victoria, who had been born at nearby Kensington Palace: a name, however, which somewhat lacked distinctiveness, for this reason the present name of Queensway was eventually substituted.
Split into simpler sentences: It was subsequently renamed Queen's Road in honour of Queen Victoria, who had been born at nearby Kensington Palace. This was a name somewhat lacking in distinctiveness, and for this reason the present name of Queensway was eventually substituted.