Football neighbours see prices rise

Man City playerHomes close to Premier League football grounds have increased their value at double the rate of those across the country over the last decade, a report has found.

House prices in the postal districts of the 20 clubs kicking off the 2013/14 season have risen by £353 a week on average over the last 10 years, according to research by Halifax.

Prices in these areas have increased by around 135% over the decade, meaning they have risen at twice the 68% rate of increase typically seen nationwide over the period.

The average house price in the 20 Premier League stadium postal districts is £319,800, which is one third higher than the average house price across England and Wales of £240,300.
Manchester City was declared the "winner" of Halifax's Premier League house price table. The average value of homes in the postal district of the Etihad Stadium has risen by 259% over the last decade.

The area around Hull City's KC Stadium has seen the second biggest jump, at 162%. London clubs were close behind, with Chelsea and Fulham scoring the third biggest increases at 102% on average, followed by Arsenal at 101%.

Chelsea and Fulham's postal district of SW6 has the most expensive house prices, at £851,812 typically, which is more than 13 times the average house price of £63,974 in the postal district of L4 - home to both Liverpool and Everton football clubs.

Houses in Chelsea and Fulham cost 15.6 times local annual earnings, while those close to Liverpool and Everton cost just 2.3 times average wages.

Newcastle United finished bottom of the house price table, being the only area where house prices have fallen between 2003 and 2013. The average value of properties close to its home ground slid by 11%.

Halifax said several of the areas which saw the biggest increases were those where relatively new grounds had been built. Newcastle United's ground is one of the oldest in the Premier League.

Craig McKinlay, mortgage director at Halifax, said: "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."

Halifax based its findings on Land Registry and official earnings figures.

Here is the percentage increase in house prices in postal districts of the 20 Premier L eague football grounds for the 2013/14 season, with the average house price in 2013 and the percentage increase over the last decade:
  • Manchester City, Etihad, £89,489, 259%
  • Hull City, KC Stadium, £75,517, 162%
  • Chelsea, Stamford Bridge, £851,812, 102%
  • Fulham, Craven Cottage, £851,812, 102%
  • Arsenal, Emirates, £641,665, 101%
  • Sunderland, Stadium of Light, £91,611, 97%
  • Liverpool, Anfield, £63,974, 97%
  • Everton, Goodison Park, £63,974, 97%
  • Stoke City, Britannia Stadium, £110,779, 85%
  • Tottenham Hotspur, White Hart Lane, £284,713, 77%
  • Swansea City, The Liberty Stadium, £105,995, 75%
  • Manchester United, Old Trafford, £178,545, 69%
  • Aston Villa, Villa Park, £98,919, 69%
  • West Bromwich Albion, The Hawthorns, £120,841, 55%
  • Cardiff City, Cardiff City Stadium, £171,270, 46%
  • Crystal Palace, Selhurst Park, £198,463, 42%
  • West Ham United, Upton Park, £193,734, 36%
  • Norwich City, Carrow Road, £164,332, 35%
  • Southampton, St Mary's, £170,074, 18%
  • Newcastle United, Sports Direct Arena, £135,251, minus 11%
  • Premier League average, £319,847, 135%
  • England and Wales average, £240,337, 68%

© 2013 Press Association

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