First Time Buyer
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 (%) |
|---|---|---|---|
| Tottenham Hotspur | 59,638 | 450,104 | 655 |
| West Ham United | 46,448 | 330,459 | 611 |
| Charlton Athletic | 68,002 | 464,208 | 583 |
| Queens Park Rangers | 108,702 | 704,042 | 548 |
| Chelsea | 177,565 | 1,108,649 | 524 |
| Fulham | 177,565 | 1,108,649 | 524 |
| Wimbledon | 106,022 | 654,141 | 517 |
| Watford | 58,939 | 365,209 | 510 |
| Crystal Palace | 53,651 | 327,074 | 510 |
| Manchester City | 20,510 | 123,351 | 501 |
| Brighton & Hove Albion | 66,516 | 399,127 | 500 |
| Arsenal | 128,656 | 763,401 | 493 |
| Manchester United | 41,641 | 200,729 | 382 |
| Norwich City | 45,586 | 213,835 | 369 |
| Reading | 111,695 | 474,821 | 325 |
| Ipswich Town | 49,077 | 198,748 | 305 |
| Bournemouth | 76,000 | 297,042 | 291 |
| Cardiff City | 50,698 | 195,901 | 286 |
| Nottingham Forest | 68,499 | 262,247 | 283 |
| Portsmouth | 59,359 | 223,428 | 276 |
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.
Related Posts
There are 0 Comment(s)
Everything you wanted to know about ISAs…but were afraid to ask
The new tax year is less than a fortnight away and for ISA savers or investors, it’s hugely important. If yo...
Your right to a refund if travel is affected by train strikes
There have been a wave of train strikes in the past six months, and for anyone travelling today Friday 3 Febru...
Could you save money with a social broadband tariff?
Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.
What will happen if rates change
How your finances will be impacted by a rise in interest rates.
Regular Savings Calculator
Small regular contributions can build up nicely over time.
Online Savings Calculator
Work out how your online savings can build over time.
DIY investors: 10 common mistakes to avoid
For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.
Mortgage down-valuations: Tips to avoid pulling out of a house sale
Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?
Five tips for surviving a bear market mauling
The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...
Money Tips of the Week
© AE3 Media Ltd, Floor 7, Lincoln House, 296 - 300 High Holborn, London WC1V 7JH, Company.