Which Premier League teams have the highest property prices?
Research produced by Pure Commercial Finance, commercial finance brokers, has found that if the same average house price growth takes place in the next two decades, in line with the growth experienced between 1997 and 2017, investors could expect to see an average 450% increase in property prices that are located near Premier League stadiums.
The study combined Land Registry data and previous reports by mortgage lenders.
Pure Commercial Finance found that properties surrounding West Ham, Fulham and Arsenal’s stadiums have the potential to produce healthy returns on investment. Meanwhile, the highest price per square metre can be found near Chelsea, Fulham, and Arsenal’s stadiums.
Out of the Premier League teams, properties surrounding Tottenham Hotspur’s stadium in North London experienced the biggest increase over a 20-year period. The average house value in the postal district surrounding Spurs’ stadium rose by 655% between 1997 and 2017 from £59,638 to £450,104.
Zoopla states the current average price around White Hart Lane is a little under £460,000.
Here’s how other teams compared:
|Club||Average house price 1997 (£)||Average house price 2017 (£)||20-year change (%)|
|West Ham United||46,448||330,459||611|
|Queens Park Rangers||108,702||704,042||548|
|Brighton & Hove Albion||66,516||399,127||500|
Source: Land Registry, Halifax & Pure Commercial Finance
Looking ahead, Pure Commercial Finance suggests that it could be worth monitoring the development of Millwall’s new stadium. It has been reported that architects are currently drawing up plans for a community programme, which means there could be some interesting new housing opportunities.