October 5, 2022

British Grand Prix instructions highest motorsport renta

Analysis from Ocasa, the specialist rental platform, reveals that Silverstone will not be solely the UK’s most well-known racetrack however can also be house to the strongest annual lease development of all the nation’s motorsport venues.

Components One’s nice and wonderful arrive within the UK on third July as Max Verstappen appears to be like to proceed his domination over the sphere. It will likely be the 77th British Grand Prix and Silverstone will, as soon as once more, play host to probably the most excessive octane day on the nation’s racing calendar.

To mark the event, Ocasa has analysed lease values for properties located near the UK’s main race circuits to seek out out which ones is house to the very best charge of annual development.

Throughout all the 21 places studied, the present month-to-month lease averages £1,065 having elevated by 13% over the past yr.

The strongest annual development has been inside Silverston’s NN12 postcode space. In 2021, the typical month-to-month lease was £1,009 whereas at the moment it stands at £1,318, development of 31%.

Oliver’s Mount in North Yorkshire is the nation’s solely pure street race observe. It’s positioned within the YO11 outcode space the place lease values have skilled 30% annual development and now sit at a mean of £622/month.

Lease development has additionally been sturdy in Goodward’s PO18 space (27.8%), Thruxton’s SP11 (24.4%), and Mallory Park’s LE9 (23.8%).

All in all, 17 of the 21 places studied have skilled constructive lease development previously yr.

The one locations lease values decline are Manufacturers Hatch’s DA3 outcode space (-9.6%), Blyton’s DN21 (-9.3%), Pembrey Circuit’s SA16 (-4.3%), and Lydden Hill’s CT4 (-3.7%).

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On the subject of the outright costliest motorsport rental location, Goodwood ranks prime (£1,422 per thirty days), adopted by Silverstone (£1,318), and Thruxton (£1,266).

Gross sales and Advertising Director at Ocasa, Jack Godby, commented: “Lease values have been steadily growing previously yr after stalling barely throughout the pandemic however it’s truthful to say that the sector isn’t fairly firing on all cylinders.

That’s, after all, until you’re seeking to lease round one of many nation’s most famous race tracks, with the overwhelming majority seeing sturdy upward development the place rental values are involved.

Nowhere extra so than Silverston and it isn’t unusual to seek out excessive rental worth premiums surrounding well-known places, even when they’re solely within the highlight for a day or two per yr.”