Although Chelsea might be one of the big names in English football and reside in one of London’s more prestigious boroughs, their property pedigree is failing to meet that of the other top clubs in the Premier League.
But Chelsea seem to be on course to rectify this as Hammersmith and Fulham Council have stated they are happy with initial proposals for a revamp of Stamford Bridge, allowing it to accommodate 60,000 fans on game day.
It is likely that the blues will now submit a full planning applications, having already held two public exhibitions showcasing the intended development.
If all goes to plan, work could begin as soon as next season and the club are already in talks with Wembley as a potential venue while the revamp takes place. They will effectively be homeless for 3 years while the builders are in and the work will set them back £500million to complete!
Ironically even a club as big as Chelsea have struggled in an ever inflating London property market. Having had a bid turned down for a new stadium at the iconic Battersea Power Station, they decided to stick with Stamford Bridge due to a lack of appropriate alternative sites. Many Londoners are having the same problem finding housing due to the capital’s high prices, choosing to stay put and extend and convert their properties as the next best option.
The development will not only bring a new stadium, hotel and array of shops, but it will also include 910 new flats. Nice to see Chelsea doing their bit for the housing shortage but as they will be far from affordable, it’s unlikely the average Londoner will benefit.