This weekend it’s Britain’s turn to host the F1 as racing’s most prestigious event comes to Silverstone. The home of British motorsport is one of the oldest races in the calendar having held its first Grand Prix in 1948, even if an Australian currently holds the lap record.
With an average house price of £320,000, property in Silverstone is far from affordable and substantially higher than the national average of £210,000. Surprising given the constant roar of engines and screech of tyres, although for motor sporting fans this is probably a desirable feature.
Britain’s most established online estate agent, eMoov.co.uk, has taken a look at how each of the British drivers line up on the grid when it comes to property in each of their home towns, and who takes pole position where affordability is concerned.
The good news is that with only three British drivers competing for the 2015 title in Button, Hamilton and Stevens, there is at least a British one, two, three on the property podium, if not in reality.
Claiming the third place podium is Will Stevens. The young rookie, born in Rochford in Essex, is competing in his first full season, having made his F1 debut in Abu Dhabi in 2014. He is yet to score a point but he seems to be holding his own, although it could be argued he is only there due to heavy financial backing. Something he will need if he wants to return home as with an average house price marginally under £256,000, property in Rochford is £46,000 more than the national average.
Although he may be currently leading the way by 10 points and on course to add a third Drivers Championship to his name, Lewis Hamilton fails to come out on top in eMoov’s top three. Born in Stevenage where the average price of property is £252,000, he beats Stevens to second place on the podium by just £4,000. Since Lewis won his first title in 2008, house prices in his home county of Hertfordshire have risen by 29%, climbing 5% in Stevenage alone since Hamilton took the title last year.
That means that despite currently only sitting at 17th in the Drivers’ Championship, one spot above Will Stevens, Jensen Button takes the chequered flag for most affordable home town out of our three British drivers. With an average house price of £240,000, Frome in Somerset is cheaper than both Rochford and Stevenage but again some £30,000 more than the national average. When Jenson won the Driver’s Championship back in 2009, he would have done well to invest in a property in his home town, as in the last five years house prices have increased by 16% in Frome.
But despite where they finish, both Button and Hamilton at least, can rest easy knowing they have made enough for multiple properties in their home towns, just by showing up to this weekend’s pre-race press conference.