The Premier League returns this weekend and analysis by property and lettings agent, Barrows and Forrester, has discovered that the worth of properties close to Premier League soccer stadiums has elevated by as a lot as 23% for the reason that begin of final season – with golf equipment from the Midlands main the cost.
Forward of the upcoming Premier League season, homebuyers who need to reside inside arm’s attain of their favorite crew’s residence stadium should pay a mean of £353,529. This represents worth development of £20,233, or 6.1%, for the reason that begin of final season.
The costliest Premier League home costs are, unsurprisingly, present in London, led by Chelsea and Fulham whose stadiums are each situated within the SW6 postcode space the place the common home worth is at present £917,629.
Arsenal (N7 – £579,957) and Brentford (TW8 – £505,688) full the highest 4, earlier than the primary non-London crew is available in at fifth place. Brighton & Hove Albion’s Amex Stadium is situated within the BN1 postcode space the place homes at present value £471,904.
As for home worth development, nowhere have costs elevated extra for the reason that begin of final season than in WV1, residence to Wolverhampton Wanderers, the place the common worth has grown by 23.6%.
Brighton’s BN1 has seen costs improve by 17.1% whereas NG2, residence to Nottingham Forest who’re returning to prime flight soccer for the primary time in 23 years, has skilled development of 15.7%.
Finishing the highest 4 for worth development is LE2, residence to Leicester Metropolis, the place costs are up 12.3% in comparison with the beginning of final season, with fifth place additionally going to a Midland’s primarily based crew – Aston Villa (+11.8%).
Managing Director of Barrows and Forrester, James Forrester, commented: “Value rises of over 23% in a yr present you precisely what kind of housing market we’re coping with in the intervening time. It’s utterly exploded within the final couple of years and stays to be seen if rising rates of interest and financial uncertainty goes to result in a drop in demand and values. It’s definitely not occurred but.
Whereas the Midlands isn’t fairly residence to the identical degree of Premier League prowess as another areas of the nation in footballing phrases, it’s definitely main the place property market prosperity is worried.
4 of the highest 5 largest annual uplifts in property values are discovered within the Midlands, which is testomony to the continued regeneration of the area and its elevated desirability as a spot to reside and work.”