New research from Halifax shows that Tottenham Hotspur is top of the league when it comes to house price growth. "Watch us rise" seems particularly good as a slogan!
Halifax looked at house prices of properties near the grounds of all 49 football clubs that have played in the Premier League since 1992 over the past 20 years to see which areas had done best and worst in terms of price growth.
The research found that, since 1997, the average home value in the postal district surrounding Tottenham Hotspur’s stadium has risen over seven and a half times (655 per cent), from around £60,000 in 1997 to more than £450,00 now.
Martin Ellis, Halifax housing economist, said: “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.
“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.”
The average house price near all 49 past and present Premier League football clubs has risen by an average of almost £244,000 (equivalent to 326 per cent). Current Premier League sides have performed better than those relegated with a rise of £234,000 (336 per cent) compared to £250,000 (320 per cent), although both outpace the average growth of £207,000 (283 per cent) for England and Wales as a whole.
West Ham United are runners up with house price growth of 611 per cent whilst Charlton Athletic, with growth of 583 per cent, is the highest for a club no longer in the top flight (relegated 2007).
The top 20 clubs in terms of house price growth are split evenly between previous and current Premier League sides.
Last year’s Premier League champions Chelsea take the title for the most expensive area to live, with an average house price of more than £1,108,000 for homes around Stamford Bridge. North London rivals Arsenal (£763,000) and Tottenham Hotspur (£450,000) are in second and third place respectively.