May 24 2016 Latest news:

Securing a place football’s Premier League is worth tens of millions of pounds a year – but it’s not just the clubs that are benefiting from the riches of competing in the top flight.

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Homeowners who live near Premier League grounds are also quids in, with the average house price in the vicinity of the top clubs rising by far more than the national average.

House prices across England and Wales have gone up 113pc over the past decade, according to the statisticians at Halifax. Yet prices in the 20 postal districts where Premier League teams are based have risen nearly 170pc – or by more than £220,000 – during the same period.

These properties were worth an average of £132,000 in mid-2001 but are today worth more than £350,000.

Moneybags Manchester City lead the way – house prices within the postal district of the Etihad stadium have more than trebled over the past 10 years.

The regeneration that usually accompanies new stadia is likely to be responsible for many of the significant price rises. Five of the six Premier League postal districts with the biggest house price increases are home to stadia built within the past 15 years. As well as Manchester City, these clubs are Bolton Wanderers, Stoke City Sunderland and Swansea City.

“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 Halifax economist Suren Thiru.

“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.”

In contrast, four of the five Premier League postal districts with the smallest house price growth are near grounds that opened before the end of the first world war – Manchester United, Newcastle United, Queens Park Rangers and West Bromwich Albion.

But there are a couple of exceptions to the rule. Villa Park – the home of Aston Villa – first opened its gates in 1897, but nearby property has seen the second highest rise in prices over the past decade. At the other end of the scale, Arsenal’s Emirates stadium is the newest in the Premier League, yet local property prices are up just 102pc over the past decade – the third smallest increase.


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