As the transfer market begins to heat up, we have taken a look at the Premiership property table ahead of the start of the 2015/16 season.
Next month football returns with the Charity Shield, as FA Cup winners Arsenal take on champions Chelsea. The two London giants are also top of the property league, with the most expensive average house prices in the top flight. Chelsea top the table with the average in the SW6 post code at £1,137,550, but a slip in form has seen prices fall by 5% since the start of last season. Property around the Emirates on the other hand has climbed 6%, although Arsenal are still some £600,000 behind the league leaders.
Unlike the first team who have struggled for years without success, Tottenham have managed a top four finish. Property around White Hart Lane has also climbed by 6% to an average of £312,410, keeping them within arm’s reach of bitter rivals Arsenal.
Tottenham is due to undergo extensive redevelopment and with its nearest tube stop, Seven Sisters, earmarked to be part of Cross Rail 2, Spurs could soon climb the league as a potential property hotspot.
London teams dominate the top six, with West Ham clinching the last Champions League spot with an average price of £306,451. However with a move to the Olympic Stadium on the horizon, the Hammers could soon leapfrog Spurs, having already enjoyed the highest rise in house prices (7%) in the league since last year.
Man United manage 10th place in the league above rivals City by a notable six places and a £80,000 difference in price. Man City may have the new found riches, however this doesn’t translate to property as United have also enjoyed a larger increase over the last year, up 4% to City’s 3%.
Not only are West Brom arguably a better team than Aston Villa, but they are sitting comfortably in 13th position with an average house price of £131,398. Their Midlands rivals are teetering on the brink of relegation, although a 4% increase in prices could seem them claw their way to safety yet again.
Premiership newcomers Watford, Bournemouth and Norwich all carry on the momentum of last season’s promotion, with Norwich finishing just outside the top ten and Watford (5th) and Bournemouth (7th) both enjoying healthy increases in price since leaving the Championship.
Bournemouth have a lot to look forward to if rivals Southampton are anything to go by. Although the Saints finish a place below Bournemouth with the average price £60,000 less, the south coast rivals have enjoyed a 5% increase over the last year. Out done only by a handful of London clubs.
But there is no such hope for both Liverpool and Everton. Liverpool’s poor season on the filed is matched in Property Premier League table. Propping up the table and the North East with Everton due to an average house price of £72,000, neither team has managed more than a 1% increase on last year.
Founder and CEO, Russell Quirk, commented: “Although the top two make for familiar reading, it’s interesting that a successful, wealthy Premier League club, doesn’t necessarily translate to a thriving property market in the surrounding areas. I think in terms of property, West Ham and Tottenham are the ones to watch. The developments in terms of location and transport infrastructure should see prices in both areas boosted as a result. “