Being close to a famous football stadium can cause property values to soar, but which clubs provide the biggest boost?
If you’re a fan of the beautiful game, buying a home near Premier League grounds could be a dream come true – being at the heart of the excitement for every home match.
When it comes to your finances, owning property in the vicinity of a well-known football stadium could also be a shrewd investment.
According to research from Halifax, the average house price in the postcodes of this year’s 20 Premier League clubs has risen by 137% over the past 10 years – from £152,891 to £362,866.
At the top of the tables, property in the region of Manchester City’s grounds has risen by a massive 271% in the last 10 years. Next up, homes near Villa Park have shot up by 126%.
In contrast, homes near Newcastle United’s Sports Direct Arena have dropped by 7% during this period.
Martin Ellis, housing economist, Halifax, said: ‘House prices close to the nation's most iconic football stadiums have risen substantially over the past decade, particularly in the areas near to some of the newest venues.
‘This partly reflects the local regeneration that typically takes place alongside the building of modern sporting arenas, including improved transport links.’
The Premier League hotspots
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Sources: Halifax, Land Registry
How does this compare with the rest of the UK?
Although prices throughout England and Wales have risen significantly during the past decade, this increase is nowhere near the level of the Premier League property boom.
During this period, the average house price in England and Wales has risen by 90% – compared with 137% in the 20 Premier League postcodes.
According to the data, the average house price near these famous stadiums is £362,866 – 58% higher than the average house price in England and Wales of £229,735.
Can you afford to live near a stadium?
If you like the idea of living near the football action, you might find that both Chelsea and Fulham are beyond your reach. According to the data, these are the two least affordable Premier League postcodes.
In these regions, the average property price is £749,530 – which is more than 14 times higher than the average annual earnings.
In contrast, property near Liverpool and Everton footballs grounds costs £63,473 – 2.3 times higher than average earnings.
For many fans, the fantasy of living near their home ground may never come true. If this sounds familiar, you might just have to be content with cheering on the team from your local pub with a beer in hand ­– there are worse ways to spend a Saturday afternoon.
For more stories like this, check out Why homeowners are £194,000 better off and Five cheap ways to make your property sell.
**This material is for information purposes only and should not be considered financial advice. We strongly encourage our readers not to rely solely on this content, but to seek independent advice when making financial decisions.**
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