As the UK Premiership football season gets underway tomorrow (Saturday 18 August) research shows that property around leading club bases has a mixed fortune and outlook.
An analysis of average property values around each Premier League stadium has found that success on the pitch does not necessarily match that of the local property market.
The 2012 Property Premier League report from Zoopla shows that Chelsea is top with average home values around Stamford Bridge currently at £1,467,803.
London based clubs occupy the next three spots on the list with Fulham in second place, where the average property around Craven Cottage is currently valued at £862,250. Arsenal and Queens Park Rangers complete the top four, with average property values of £544,502 and £495,491 near to their stadiums respectively.
Those living close to the Etihad Stadium may be basking in their team’s glory following league victory last season, but local residents might be hoping for an injection of the club owner’s money into the local area.
Property values around Manchester City’s stadium average just £98,088, leaving the defending champions third from bottom in the Property Premier League. Everton are bottom of the property premiership with average home values around Goodison Park standing at just £66,137.
When looking at the performance of local property values over the last season, Queens Park Rangers come out on top with average values of local properties rising 5.84% over the last twelve months. Wigan has had the worst performance over the last season with local property values falling by 8.74% on average.
‘Millionaire footballers may live in some of the country’s most exclusive areas, but average property values around the stadiums in which they make their living are in stark contrast to WAG hotspots like Oxshott, Cobham and Alderly Edge,’ said Zoopla’s Nigel Lewis.
‘For fans of Manchester City, knowing that local property values are lower than the majority of their Premier League counterparts may be somewhat disheartening but diehard fans of Fulham and Arsenal might well be willing to trade a few pounds off their property values in exchange for some silverware in their club’s trophy cabinet,’ he added.
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