Premier house prices near stadiums

15 August 2011

The football season is back with a bang, and the effect of the Premier League on house prices is clearer than ever. Properties close to stadiums have seen their prices shoot up to more than £220,000, on average.

Halifax produced the statistics, which look at the postal districts for all 20 teams competing in the Premier League this season. Manchester City's Etihad stadium saw the biggest rise in house prices, with values more than trebling (350%) over the past decade.

At the other end of the table was Newcastle United, who saw house prices in their surrounding area rise by just 31% in the past ten years.

The most expensive average house price was found to be in Chelsea, unsurprisingly. The average property price in this postcode was £767,533. Their northern rivals Liverpool were the most affordable, as house prices were just £70,641 in the area.

Susen Thiru, Halifax housing economst, commented: "The improvement has been particularly markted in the postal districts of some of the newest football stadiums with the local regeneration often associated with such projects helping to boost local property values."

 

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