Residential  

Premier League's property own goal

Premier League's property own goal

Investing in property in a town with a Premier League football club has been something of an own goal over the past year, according to research conducted by online estate agent eMoov.co.uk to coincide with the beginning of the football season.

House price growth in a Premier League town marginally trailed the UK since last season (4.55 per cent as opposed to 4.67 percent).

With the Premier League now under way and turning 25 this week, the last 25 years has seen the average UK house price increase by 302 per cent to £220,713.  

Across the 20 teams playing in the top flight this year, the average house price reached £272,447, with the average Premier League property costing £50,000 more than the UK average. 

When looking at this year’s 20 Premier League teams where local house price growth is concerned, it is Manchester United that returns to their former glory with the highest annual growth in the league at 8.58 per cent and an average house price of £262,997.

Burnley struggled to stay up after promotion last year but where house price growth is concerned the Lancashire team are flying high, losing out on the top spot by the smallest of margins with prices having increased 8.57 per cent in the last year.

Despite this, Burnley is home to the most affordable property price in the league at just £77,525.

The north west also takes third place in the league with Manchester City seeing prices climb by 8.08 per cent, Leicester flies the flag for the East Midlands with an increase of 7.76 per cent and newly promoted Brighton performing well as the best team from the south with prices up by 7.12 per cent annually.

Coincidentally, the two teams which opened the footballing season in the Community Shield were also home to the lowest rate of price growth.

A tough year for the London property market means Chelsea and Arsenal are the only two teams to see annual price growth slump below 1 per cent (0.40 per cent), with Newcastle heading straight back down in the third relegation spot (1.39 per cent).

Despite Arsenal seeing the lowest level of price growth in the league, rivals Tottenham have seen prices increase by 4.5 per cent in the last year, handing them the bragging rights off the pitch at least.

But with their temporary move to Wembley this year, it could be a different story at the end of the season, with Brent home of Wembley Stadium, having seen a growth of just 0.90 per cent annually. 

Elsewhere in London, West Ham’s new home at the London Stadium means they’ve enjoyed the second highest rate of growth of all the teams from the capital at 4.11 per cent.

Crystal Palace has also enjoyed better growth than both Chelsea and Arsenal (3.46 per cent), however, Brighton’s promotion revives one of the stranger footballing rivalries and the Seagulls come out on top with prices growing more than double that of Crystal Palace in the last year (7.12 per cent).

Although Man City is home to the cheaper average house price (£161,611), in the Manchester derby United enjoys the higher rate of growth (8.58 per cent to 8.08 per cent) enough to also beats bitter rivals Liverpool where annual growth is at just 3.55 per cent.