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Houses near football stadia score price increases

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  • 12/08/2013
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Prices for properties located close to Premier League football grounds have jumped by an average of 135% in the last 10 years, research from Halifax has shown.

The survey, carried out ahead of the new Premier League season starting on Saturday, showed that all but one of the postcodes which are home to top flight football stadia had shown an increase in prices.

Property values have risen by an average of £183,583 in the last decade, the bank said. The area around the Manchester City’s Etihad Stadium came top of the table, having jumped from £24,894 to £89,489.

House prices near Hull City’s KC Stadium, Arsenal’s Emirates Stadium and the SW6 postcode which is home to Chelsea’s Stamford Bridge and Fulham’s Craven Cottage had more than doubled in the last decade.

The NE1 postcode which houses Newcastle’s St James’ Park was the only area which posted a fall in this period.

The report suggested that good transport links and regeneration programmes close to football stadia had helped these areas outperform the rest of the country.

Craig McKinlay, mortgage director at Halifax said: “The areas surrounding many of the country’s top football clubs have seen house prices rise considerably during the past ten years, with some of the best performers being those clubs with new grounds.

“The boost to property prices in these areas partly reflects the local regeneration that typically takes place alongside the building of modern sporting arenas, including improved transport links.

“There are, however, significant variations in home prices around the nation’s leading clubs with some supporters needing to pay far more to live near the ground of their favourite team than others.”

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