Average house prices close to Premier League football grounds have jumped by 129 per cent over the last ten years.
The average house price in the surrounding postal districts of the 20 clubs contesting the Premier League for 2014/15 is now £329,500, according to research from Halifax.
That’s a third higher than the average for the whole of England and Wales (£250,000), and nearly 10 times the average income.
Winners and losers
Houses near football grounds have increased by £386 per week on average over the past decade – from £144,000 in 2004 to £329,500 in 2014.
Houses near Manchester City’s Etihad Stadium have seen the biggest jump in price. The average home value in the surrounding postal district rose 150 per cent over the decade – from £39,000 in 2004 to £98,000 in 2014.
The area around Hull City’s KC Stadium has seen the second biggest increase, with property prices rising 123 per cent (from £32,500 to £72,500).
Prices around Chelsea’s Stamford Bridge ground have recorded the third biggest rise from 435,000 to 959,500 (121 per cent).
Newcastle United finished bottom of the Premier League house price table. The average value of properties close to its home ground fell by 22 per cent between 2004 and 2014; the only stadium to record a decline in prices over the past decade.
Bets off on house price rises
Halifax mortgage director Craig McKinlay says in the last decade average house prices immediately outside some of the country’s leading clubs have seen price rises that far outstrip the rest of the country.
But there’s no rule governing why some areas have seen greater price rises than others, he says.
“Some areas – but not all – have benefited from clubs moving to a new stadium and all the infrastructure improvements which are associated with this.
“And neither is success on the pitch a guaranteed boost to house prices either, with only two of the top five areas being able to boast Premier League winners in the last ten years.”
Loading ...