Brits who took out mortgages for homes next to the stadiums of sides playing in English football’s top flight at the turn of the century may be laughing all the way to the bank.
New figures from Halifax show that those who share a postcode with their local Premier League club have seen the value of their property rise by more than £220,000 on average over the past decade.
The average home within the same area of the 20 clubs participating in the division this season rose by 168 per cent in value between June 2001 and June 2011.
This means typical prices have risen from £132,405 to £221,363 over ten years – a daily increase of £61.
Residents with mortgages close to Manchester City’s Etihad stadium, which first opened in 2002 as the Commonwealth Games stadium, have seen the value of their homes more than treble, rising 350 per cent in a decade.
Halifax housing economist Suren Thiru said: “In general, house prices in the areas that are home to many of the our major football venues have strengthened significantly over the past decade, reflecting in part the amenities commonly found in such locations, including good transport links.”
Meanwhile, separate research from Lloyds TSB shows that new university towns have seen a rise of 70 per cent in average house prices since 2001.
