Menu
Save, make, understand money

Buy To Let

Homes near top football grounds soar in value

Tahmina Mannan
Written By:
Posted:
10/08/2013
Updated:
10/08/2013

Prices of properties close to Premier League football grounds have risen 135% over the past decade, according to a report by Halifax.

The average house price in the postal districts of the 20 clubs kicking-off the 2013/14 season next weekend has increased from £136,300 in 2003 to £319,800 in 2013, almost two and a half times over the last ten years.

Halifax said this is equivalent to a weekly rise of £353 and is double the 68% increase in house prices across England and Wales as a whole over the same period.

Craig McKinlay, mortgage director at Halifax, said: “The areas surrounding many of the country’s top football clubs have seen house prices rise considerably during the past ten years, with some of the best performers being those clubs with new grounds.

“The boost to property prices in these areas partly reflects the local regeneration that typically takes place alongside the building of modern sporting arenas, including improved transport links. There are, however, significant variations in home prices around the nation’s leading clubs with some supporters needing to pay far more to live near the ground of their favourite team than others.”

The biggest increase has been close to the home of 2011/12 champions, Manchester City, with the average home value in the postal district of the Etihad Stadium rising by 259% over the decade.

Sponsored

How life insurance can benefit your health and wellbeing over the decades

Sponsored by Post Office

The area around newly promoted Hull City’s KC Stadium has seen the second biggest increase with a rise in average property prices of 162%. Chelsea and Fulham recorded the third biggest rises (both 102%), followed by Arsenal (101%).

Newcastle United finished bottom of the Premier League house price table with the average value of properties close to its home ground falling by 11% between 2003 and 2013; the only stadium to record a decline in prices over the past decade.

All five of the least affordable Premier League postal districts are in the capital. 

Ten year % change in house prices in postal districts of the 20 Premier league team stadia for the 2013/14 season  

Club Stadium Year Opened/ first Occupied Average House Price 2003(£) Average House Price 2013 (£) Ten year % Change
Manchester City Etihad 2003(1) 24,894 89,489 259%
Hull City KC Stadium 2002 28,781 75,517 162%
Chelsea Stamford Bridge 1905 421,791 851,812 102%
Fulham Craven Cottage 1896 421,791 851,812 102%
Arsenal Emirates 2006 319,556 641,665 101%
Sunderland Stadium of Light 1997 46,457 91,611 97%
Liverpool Anfield 1884 32,443 63,974 97%
Everton Goodison Park 1892 32,443 63,974 97%
Stoke City Britannia Stadium 1997 59,722 110,779 85%
Tottenham Hotspur White Hart Lane 1899 161,287 284,713 77%
Swansea City The Liberty Stadium 2005 60,535 105,995 75%
Manchester United Old Trafford 1910 105,749 178,545 69%
Aston Villa Villa Park 1897 58,686 98,919 69%
West Bromwich Albion The Hawthorns 1900 77,975 120,841 55%
Cardiff City Cardiff City Stadium 2009 117,123 171,270 46%
Crystal Palace Selhurst Park 1925 139,710 198,463 42%
West Ham United Upton Park 1904 142,333 193,734 36%
Norwich City Carrow Road 1935 122,171 164,332 35%
Southampton St Mary’s 2001 143,796 170,074 18%
Newcastle United Sports Direct Arena(2) 1892 152,101 135,251 -11%
Premier League Average(3)     136,263 319,847 135%
England and Wales     142,895 240,337 68%

 

Home affordability in the postal districts of the 20 Premier league team stadia for the 2013/14 season

Club House Price 2013 (£) House Prices as a multiple of Average Earnings
Chelsea 851,812 15.6
Fulham 851,812 15.6
Arsenal 641,665 10.9
Tottenham Hotspur 284,713 7.2
Crystal Palace 198,463 5.5
West Ham United 193,734 6.4
Manchester United 178,545 4.9
Cardiff City 171,270 5.6
Southampton 170,074 6.1
Norwich City 164,332 6.0
Newcastle United 135,251 4.6
West Bromwich Albion 120,841 4.9
Stoke City 110,779 4.5
Swansea City 105,995 3.8
Aston Villa 98,919 3.4
Sunderland 91,611 3.5
Manchester City 89,489 3.1
Hull City 75,517 3.1
Liverpool 63,974 2.3
Everton 63,974 2.3
Premier League Average 319,847 9.6
England and Wales 240,337 7.8
Sources: Halifax, Land Registry, ONS