Friday, May 17, 2024

Property Prices Surges Near Football Stadiums in the UK

Bridging and development finance specialists, Pure Commercial Finance, have gathered data from the likes of The Land Registry and Halifax to analyse the surge of house prices near football stadiums in the UK, and whether purchasing a property near these venues is a worthy investment.

Looking at both Land Registry Data and reports by mortgage lenders, the campaign highlights previous property surges that have taken place near sports stadiums and predicts which areas in the UK are going to see property price growth as the result of future development.

If the same average growth takes place over the next twenty years as it did between the years of 1997 and 2017, then property investors can expect an average 450% increase in property prices for the properties that are nearest Premiere League stadiums.

Pure Commercial Finance’s experts have given a tip to keep an eye out for any developments regarding Millwall FC’s The New Den, which is just a few miles away from London’s financial centre. The average property price in the same area is approximately £505,000, which has increased more than a third in the last five years, and also a huge 292% in the last two decades.

Last year, it was said that the club had appointed architects to draw up plans for the community programme, which involved pre-planning what the club requires in order to meet Premier League requirements. If the club is redeveloped in the coming years, then this will positively affect the property prices nearby.

Ben Lloyd, Managing Director and Co-Founder of Pure Commercial Finance, said:

“The statistics are compelling, it’s great to see that as a result of the development of new football grounds its proven to not only stimulate local infrastructure investment, regenerate tired or unused areas of the cities but to create an unprecedented rise in house prices in the immediate area of redevelopment.”

Nine out of the top 10 areas with the highest percentage increase have been in London, with the top three areas being near stadiums belonging to Tottenham Hotspur, West Ham United and Charlton Athletic. The average home value in the district that surrounds the Tottenham Hotspur stadium rose more than 750% between 1997 and 2017.

New Football Stadiums in the UK – Will These House Prices Rise?

The experts at Pure Commercial Finance researched the new stadiums that may be built in the next few years, or new stadiums that have been recently completed, to derive whether they think investing in a property nearby would be a worthy investment.

New stadiums being built or recently completed:

  • Tottenham
    • Plymouth Argyle
    • Brentford
    • Aberdeen
    • Stevenage
    • Accrington Stanley

Stadiums currently being redeveloped:

  • Turf Moor
    • Fulham
    • Oldham Athletic
    • Anfield

Recently Completed: New White Hart Lane, Tottenham Hotspur

Tottenham Hotspur’s stadium in North London has recently replaced their old home, White Hart Lane. This stadium has a capacity of over 62,000 and has now become the biggest club stadium in the capital.

Prior to the building work being done, there was over £100m invested in transport nearby, and the nearest station, White Hart Lane, was improved to have a similar walkway to Wembley, so that fans can get from the station to the stadium safely.

According to the Land Registry data and Halifax, the average home value that surrounded the Spurs stadium rose more than 750% between 1997 and 2017. However, Zoopla now states that the current average price around White Hart Lane is just short of £460,000.

Investing in a Property Near a Stadium – Should You Do It?

Looking at the figures from this campaign, it seems as though investing in a property near a football stadium could pay off in the future, with property investors potentially securing a profit of up to 650%.

Like anything in investment, there are no guarantees that purchasing a property near a stadium, or anywhere else in the UK would bring in a profit. However, prices of properties near stadiums in London and the South East seem to be increasing faster than anywhere else in the UK, with the top nine being London-based districts.

This is also down to the increase of coffee shops, restaurants and improved transport links that have been put in place to support the sporting fans that visit the area.

If you need further advice, or you’re in need of a bridging loan in order to invest in a property, then get in touch with the specialists at Pure Commercial Finance who would be able to help.

Claire James
Claire James
Claire is an accounts manager at Fire Digital UK, an online publishing and content marketing company based in the North West.

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