Chelsea tops property Premier League


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The Independent Online

If the Premier League was based on average house prices, Chelsea and Fulham would be joint champions, Arsenal and Tottenham would take the remaining Champions League places, and West Bromwich Albion, Hull City and Stoke City would be relegated.

Research by the Nationwide shows that while the average house prices around Chelsea's Stamford Bridge and Fulham's Craven Cottage, which share the same postcode, total £601,414, the average house price around the three relegated teams' stadia is less than a quarter as much.

The average house around West Brom's The Hawthorns will cost £136,884. That shrinks to £129,641 for a house near the KC Stadium in Hull. Stoke City come bottom of the league with the average house price around the Britannia Stadium at £127,335.

Richard Napier of the Nationwide said: "Of the 20 locations containing a Premier League ground, more than half have seen growth in house prices over the last year, with the area around West Ham's Upton Park posting the most significant growth, after benefitting from the Olympic effect."

Last week, the Halifax said the club with the biggest property price growth over the last decade was Manchester City, with the average home near the Etihad Stadium climbing 259 per cent. The area around newly-promoted Hull City's KC Stadium saw the second biggest increase with a rise in average prices of 162 per cent.

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