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Property owners near Premiership football stadiums quids in, research shows

Houses in these locations have increased by £61 a day over the last decade with Manchester City topping a new index from home lenders the Halifax.

It found that on average property owners living close to the stadiums have seen the value of their property rise by more than £220,000. The average house price in the postal districts of the 20 Premier League teams for the 2011.12 season rose by 168%, £221,363, from £132,405 in June 2001 to £353,408 in June 2011, equivalent to a daily increase of £61. House prices across England and Wales increased by 113% over the same period.

House prices within the postal district of Manchester City's Etihad stadium, opened in 2002 as the Commonwealth Games stadium, have more than trebled, rising 350%, over the past ten years. This is significantly greater than the house price increases recorded in any of the other Premier League stadium postal districts.

Newcastle United finished bottom of the house price Premier League table with property values near to St James Park rising by 31% over the last ten years, less than a tenth of the increase enjoyed by property owners living close to Manchester City's ground.
Five of the six Premier League postal districts that have recorded the biggest house price increases since June 2001 are home to stadiums that were built within the last 15 years; Manchester City, Sunderland, Swansea City, Bolton Wanderers and Stoke City.

In contrast, four of the five Premier League stadium postal districts that saw the smallest house price growth over the same period; Newcastle United, Queens Park Rangers, Manchester United and West Bromwich Albion, have stadiums that were opened before the end of the First World War.

There are, however, some notable exceptions. For example, Aston Villa's Villa Park, which opened in 1897, recorded the second highest rise in house prices over the past decade with an average increase of 215%. In contrast, homes close to Arsenal's Emirates stadium, the newest stadium in the Premier League, rose by 102%, the third smallest increase. Nonetheless, Arsenal did record the biggest house price rise over the past year at 22%.

The least expensive Premier League postal district is Liverpool L4, home to both Liverpool and Everton Football Clubs with an average house price of £70,461. The average house price among the Premier League stadium districts, at £353,408, is 49%, some £116,684, higher than the average for the whole of England and Wales which is £236,724.

‘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,’ said Suren Thiru, housing economist at the Halifax.
‘The improvement has been particularly marked in the postal districts of some of the newest football stadiums with the local regeneration often associated with such projects helping to boost local property values,’ Thiru added.