This year’s FA Cup final is sure to provide a lot of excitement with too high-value teams, Arsenal and Aston Villa, meeting at Wembley on Saturday, 30 May.
Speaking of high values it is interesting to see how prices of housing have evolved since one of the teams visited Wembley for a cup final.
Research done by online estate agency Emoov found that since the new Wembley Stadium was constructed in 2007 house prices in the local area have increased by 53 per cent with the average residential property price in Wembly now standing at £368,944. This is well above the national average of £208,697. (See a full infographic of the study here)
The constantly rising demand on the market over the past two decades helped by the rejuvenation of the Wembley area have contributed to the growth, Emoov says.
The last time Aston Villa made it to an FA Cup Final, it was at the old Wembley Stadium back in 2000, when house prices in the UK averaged £85,000. Although Villa lost to Chelsea 1-0, property prices in Birmingham have enjoyed an increase of 94 per cent in the last 15 years, with the average price now standing at £157,942.
And since Arsene Wenger took over as manager of the Gunners in 1996 property prices in the team’s home area Islington have risen by staggering 547 per cent. This was a great time for the team as well, as it reached the FA Cup Final six times, winning five of them.
There is half a million difference in property price between each finalist in this year’s FA Cup Final, Emoov found.
At £95,942 the average house price in the B6 postcode, home address of Villa Park, is £456,210 less than the N7 post code and way below the national average. A flat in the Islington area is more than double the national average for a house, costing £459,391. With an average price of £63,585, you could afford seven flats around Villa Park for the price of one in Islington.
This is hardly surprising given the London property market is a law unto itself, however, considering Birmingham’s accolade as the second city, the property gulf between the two is vast, Emoov says.
