New research from Halifax has looked at the impact that proximity to the grounds of a Premiership football team can have on house prices.
The research looked at house prices of properties near the grounds of all 49 football clubs that have played in the Premier League since 1992, to see which area had hit the back of the net for football fans or potentially scored an own goal over the last 20 years.
The research found that Tottenham Hotspur was the winner when it comes to house price growth. Since 1997, the average home value in the postal district surrounding White Hart Lane stadium has risen over seven and a half times (655%), from £59,638 in 1997 to £450,104 in 2017.
West Ham United was apparently the runner up, with house price growth of 611% (£284,011) from £46,448 in 1997 to £330,459 in 2017; whilst Charlton Athletic, with growth of 583% (equivalent to £396,206), has the highest for a club no longer in the top flight (relegated 2007).
“As we welcome the 26th Premier League season, it appears that success on the field has rubbed off on property prices in the areas surrounding the grounds of many of the nation’s top flight clubs,” explained Martin Ellis, Halifax housing economist.
“In the last 20 years, average house prices immediately outside some of the country’s top clubs have seen rises that far outstrip the country as a whole, with some areas also benefiting from the associated infrastructure improvements that come with clubs moving to new stadiums,” he added.
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