Does performance on the pitch affect the local property market? Zoopla has come up with a list of property price changes in areas around major football stadiums ahead of transfer deadline day.
Manchester United came out on top when analysing house price rises in the area surrounding its Old Trafford home ground over the past year, with an impressive 6.1% average growth. Properties there are now worth an average of £235,708, which is around 4% higher than the UK average of £225, 021.
While Manchester United sits in second position in the Premier League, the number one team – Manchester City – also fared well from the results. Sitting in 11th position in Zoopla’s list, the average property around the Etihad Stadium increased in value by 3.81% between January 2017 and January 2018, bringing the average cost of a home there to £135,216.
Premier performance
However, despite its high-ranking spot on the Premier League tables in third position, Chelsea‘s Stamford Bridge takes bottom place when it comes to house price rises over the past 12 months. In fact, it’s the only place in the list to have registered a house price fall of 0.44% – taking the average property there from £1,213,216 to £1,207,883.
The areas surrounding the grounds of West Bromwich Albion in the West Midlands and West Ham United in east London ranked second and third on the list for house price growth, despite sitting 19th and 11th, respectively, in the league tables. West Bromwich house prices rose an impressive 6.04%, while the West Ham vicinity saw an increase of 5.42%. The West Midlands region of the UK has been labelled one to watch by many property industry commentators, while east London, despite the general losses seen in the capital, has held its own in the housing market.
