Tottenham Hotspur finally come top…of biggest house price rise in Premier League
According to new data compiled by Halifax, homeowners living in the areas surrounding Tottenham Hotspur’s White Hart Lane have seen property prices rise by an incredible 655% over the past 20 years.
The average home value in the postal district surrounding Tottenham Hotspur’s stadium has risen more than seven and a half times since 1997, from £59,638 to £450,104 today.
Figures collated using Land Registry data show that along with Tottenham Hotspur, West Ham, Chelsea and Watford have also seen an increase in local property prices over the past two decades.
To mark the start of the 26th Premier League season which began last week, Halifax researched the house prices of properties near the grounds of all 49 football clubs that have played in the Premier League since 1992, over the past 20 years.
The data is based on where the teams are located now, excluding West Ham, where Halifax took property prices from its old stadium in Upton Park, and Tottenham, which has temporarily moved to Wembley.
It found that six present Premier League clubs and four past teams were among the top 10 for local house price growth.
While current Premier League team Tottenham tops the table with a 655% increase in house prices over the past 20 years, West Ham United (611%) and Chelsea (524%) came second and fifth, respectively.
Past Premier League teams Charlton Athletic (583%), Queens Park Rangers (548%) and Fulham (524%) came third, fourth and fifth in the list, respectively.
Martin Ellis, Halifax housing economist said: “In the last 20 years, average house prices immediately outside some of the country’s top clubs have seen rises that far outstrip the country as a whole, with some areas also benefiting from the associated infrastructure improvements that come with clubs moving to new stadiums.”
The average house price for all 49 past and present Premier League football clubs has risen by an average of £243,591, equivalent to 326%.
By comparison, average property prices in England and Wales have risen by £207,230, or 283%.
Chelsea takes the title for the most expensive area to live, with an average house price of £1.1m for homes around Stamford Bridge.
House prices by Arsenal’s Emirates stadium have risen 493% over two decades, but average property prices near the ground cost more than £313,000 more than in Tottenham.