30/07/2015
The annual Halifax Premier League Football Grounds House Prices Review tracks house price movements in
postal districts of the 20 football clubs that will be competing in the 2015-16 Premier League season. The review is
based on data from the Land Registry. The 24th Premier League season kicks off on Saturday 8th August.
Chelsea takes the title before the first ball
of the Premier League is even kicked
Life imitates art as last season’s Premier League top three also top the house price
performance table
The average house price close to a Premier League ground has increased by 78% over
the last 10 years, and is 10 times higher than national average gross annual earnings
With the 2015-16 Premier League season less than a week away Chelsea have already
been confirmed as champions…at least in terms of local house prices increases over the
last 10 years, according to research by Halifax.
Over the last decade, the average home value in the postal district surrounding Chelsea’s
Stamford Bridge stadium has risen by 132%, rising from £476,101 in 2005 to £1,103,398 in
2015.
House prices mirror Premier League success
Chelsea have taken over from last season’s winners, Manchester City, both as League
champions and at the top of the table for property price rises.
And while they may have finished as runners-up in last season’s Premier League,
Manchester City only saw the third biggest rise in property prices in the area close to the
Etihad stadium over the past ten years, with an increase of 119% from £49,122 in 2005 to
£107,736.
Going one better than their league position last year the area around last season’s FA Cup
Winners Arsenal’s Emirates Stadium have seen the second biggest increase with a rise in
average property prices of 130% (from £360,902 to £828,537) during the last decade.
Premiership newcomers
Of the three new teams in the Premiership this year Bournemouth, Leicester and Watford,
it’s Bournemouth who claim the first bragging rights with a 36% increase in house prices in
the last decade, ahead of Watford (26%) and Norwich (25%).
However, in terms of house prices increases, all three are sitting comfortably mid-table
whereas at the other end of the table, Newcastle United finished bottom of the Premier
League house price table.
HALIFAX PRESS TEAM:
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30/07/2015
Here the average value of properties close to St James’ Park fell by 33% between 2005 and
2015; making it the only stadium to record a decline in prices over the past decade.
Southampton (2%), Aston Villa (7%) and West Bromwich Albion (8%) were the next poorest
performers, all recording single digit percentage rises in the last ten years (See Table 1).
Craig McKinlay, Mortgage Director, Halifax said:
“The success of the Premier League in recent years appears to have rubbed off on property
prices in the areas surrounding many of our leading teams’ grounds. In the last decade
average house prices immediately outside some of the country’s top clubs have seen price
rises that far outstrip the country as a whole. Some areas – but not all – have benefitted from
clubs moving to a new stadium and all the associated infrastructure improvements.
“There is also a strong correlation between house price performance and results on the pitch
with last season’s top three also heading the house price performance table for the past
decade. However, we’ll have to enjoy the next season before knowing if this remains the
same next year.”
Huge price variations around Premier League grounds
Out of the current Premier League teams, the postal district around Chelsea’s
Stamford Bridge ground (SW6) is also the most expensive area to live in, with an
average house price of £1,103,398. This is sixteen times the average price in the
least expensive Premier League postal district of L4: home to both Liverpool and
Everton Football Clubs, where the average house price is £68,883 (See Table 1).
The price of living close to a ground
Average house prices close to Premier League football grounds have increased by
78% over the last ten years. This increase is significantly higher than the 43% rise
recorded in home prices across England and Wales as a whole over the decade.
The average house price in the surrounding postal districts of the 20 clubs contesting
the Premier League for 2015/16 is £312,104 – a fifth (£49,717) higher than the
average for the whole of England and Wales (£262,387). This represents an average
increase of £136,434 during the past decade; from £175,670 in 2005 to £312,104 in
2015, equivalent to a weekly rise of £262.
Capitalising on the London market
At £312,104, the average house price close to a Premier League ground may not
stretch to buying a Premier League footballer, but it’s a different story for almost
everyone else, as this is 10 times higher than national average gross annual
earnings.
While four of the five least affordable Premier League postal districts are in the
capital, it’s not the same story at all other grounds around the country. Chelsea has
the least affordable Premier League postal district with the average property price of
being more than 21.3 times annual gross average earnings in the area.
HALIFAX PRESS TEAM:
Shelley Dickinson: 020 7356 1405 / 07766 924 450 [email protected]
Ben Marquand: 020 7356 1838 / 07881 311 199 [email protected]
Clare Mortimer: 020 7574 8648 / 07768 541 555 [email protected]
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30/07/2015
Arsenal (15.5x) is in the second least affordable postal district, followed by
Tottenham Hotspur (9.8x) and Premier League newcomers Bournemouth (9.5x).
However, at the other end of the league, the postal district L4 – home to Liverpool
and Everton – is the most affordable Premier League postal district with the price of
the typical home just over double (2.3) gross annual average earnings (See Table 2).
ENDS
EDITORS' NOTES:
Halifax Premier League Grounds Review tracks house price movements in postal districts of the 20
football clubs for the 2014-15 Premier League season. Liverpool and Everton football clubs (L4) share
the same postal districts.
House price data is from the Land Registry and all price figures refer to the arithmetic average of
house prices. The data covers the 12 months to April for the period between 2005 and 2015. These
prices are not standardised and therefore can be affected by changes in the sample from year to
year. Average earnings figures are from the ONS's "Annual Survey of Hours and Earnings" (ASHE)
and refer to the means for full-time employees in the relevant local authority district for each ground.
Details of the 20 Premier League grounds have been sourced from official club websites.
Data produced by Land Registry © Crown copyright 2015.
Housing Economics Helpline No: 08456 045404
Email: [email protected]
HALIFAX PRESS TEAM:
Shelley Dickinson: 020 7356 1405 / 07766 924 450 [email protected]
Ben Marquand: 020 7356 1838 / 07881 311 199 [email protected]
Clare Mortimer: 020 7574 8648 / 07768 541 555 [email protected]
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30/07/2015
Table 1 – Ten year % change in house prices in postal districts of the 20 Premier league
team stadia for the 2015/16 season.
Stadium
Year Opened/
first Occupied
Average
House Price
2005(£)
Average
House Price
2015 (£)
Ten year
%
Change
Chelsea
Stamford Bridge
1905
476,101
1,103,398
132%
Arsenal
Emirates
2006
360,902
828,537
130%
Club
1
Manchester City
Tottenham
Hotspur
Etihad
2003
49,122
107,736
119%
White Hart Lane
1899
191,371
364,289
90%
Crystal Palace
Selhurst Park
1925
167,599
251,918
50%
West Ham United
Upton Park
1904
176,490
254,075
44%
Bournemouth
Dean Court
2001
214,245
290,415
36%
Watford
Vicarage Road
1922
208,419
263,637
26%
Norwich City
Manchester
United
Carrow Road
1935
144,100
180,724
25%
Old Trafford
1910
138,136
166,674
21%
Sunderland
Stadium of Light
1997
82,472
99,195
20%
Stoke City
Britannia
1997
94,506
111,350
18%
Swansea City
2005
102,622
118,197
15%
Leicester City
The Liberty
King Power
Stadium
2002
161,600
181,398
12%
Everton
Goodison Park
1892
62,613
68,883
10%
Liverpool
West Bromwich
Albion
Anfield
1884
62,613
68,883
10%
The Hawthorns
1900
119,444
129,333
8%
Aston Villa
Villa Park
1897
90,378
96,342
7%
Southampton
St Mary's
2001
190,975
195,433
2%
Newcastle United
St James' Park
1892
181,322
121,978
-33%
Premier League
2
Average
175,670
312,104
78%
England and
Wales
182,899
262,387
43%
Sources: Halifax, Land Registry
1
Previously used as an athletics stadium
2
Average of the 19 postal districts encompassing the 20 Premier League teams weighted by the number of
property sales.
HALIFAX PRESS TEAM:
Shelley Dickinson: 020 7356 1405 / 07766 924 450 [email protected]
Ben Marquand: 020 7356 1838 / 07881 311 199 [email protected]
Clare Mortimer: 020 7574 8648 / 07768 541 555 [email protected]
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30/07/2015
Table 2 – Home affordability in the postal districts of the 20 Premier league team
stadia for the 2015/16 season.
House Price 2015 (£)
House Prices as a multiple of
1
Average Earnings
Chelsea
1,103,398
21.3
Arsenal
828,537
15.5
Tottenham Hotspur
364,289
9.8
Bournemouth
290,415
9.5
West Ham United
254,075
8.4
Watford
263,637
7.2
Leicester City
181,398
7.0
Crystal Palace
251,918
7.0
Southampton
195,433
6.9
Norwich City
180,724
6.5
West Bromwich Albion
129,333
5.1
Manchester United
166,674
4.4
Stoke City
111,350
4.2
Swansea City
118,197
4.2
Newcastle United
121,978
3.9
Sunderland
99,195
3.7
Manchester City
107,736
3.6
Aston Villa
96,342
3.3
Everton
68,883
2.3
68,883
2.3
312,104
9.6
Club
Liverpool
Premier League Average
2
England and Wales
262,387
8.3
Sources: Halifax, Land Registry, ONS
1
Average house price divided by average annual gross earnings for full-time employees in the relevant local
authority district.
2
Average of the 19 postal districts encompassing the 20 Premier League teams weighted by the number of
property sales.
"This report is prepared from information that we believe is collated with care, however, it is only intended to highlight issues
and it is not intended to be comprehensive. We reserve the right to vary our methodology and to edit or discontinue/withdraw
this, or any other report. Any use of this report for an individual's own or third party commercial purposes is done entirely at the
risk of the person making such use and solely the responsibility of the person or persons making such reliance. "© Bank of
Scotland plc all rights reserved 2015.
HALIFAX PRESS TEAM:
Shelley Dickinson: 020 7356 1405 / 07766 924 450 [email protected]
Ben Marquand: 020 7356 1838 / 07881 311 199 [email protected]
Clare Mortimer: 020 7574 8648 / 07768 541 555 [email protected]
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