Better odds than the Grand National? Homes close to race courses worth nearly 20 per cent more 

Hotspots include Wetherby, Bath and Goodwood

Properties within the same postcode areas as either flat or national hunt horse racing courses are on average 18.5 per cent more expensive than similar properties in the county, with Wetherby race course in West Yorkshire taking the lead, according to new research by Chesterton Humberts.

Chesterton Humberts has used ‘postcode area’ data from Zoopla to compare the effects of 34 racing venues on local housing markets over the last five years. The company’s analysis has shown homeowners close to courses all over the country could benefit from major premiums.

Properties within the 18 national hunt course areas typically have a 21 per cent premium, while the 16 flat racing areas around 16 per cent. The biggest jump is in West Yorkshire where average house prices in the same postal area as Wetherby race course, LS22, are 114.5 per cent higher than the county average. Homes close to Bath race course, postcode BA1, are next with prices 72.8 per cent higher than the Somerset average. Goodwood is in third place - values in the PO18 district are 57.5 per cent more expensive than West Sussex as a whole.

Other examples include Windsor, SL4 which has a premium of 46.6 per cent, Nottingham, NG2 (40.6 per cent) and Stratford Upon Avon, CV37 (36 per cent). 

Although the top three postal areas are all in the south, Wetherby and Stratford-upon-avon ranked seventh and eighth best. Goodwood race course takes first place with average values at £475,461, followed by Windsor, SL4 (£461,344) and Epsom, KT18 (£460,928). Overall, house prices in flat race course districts outperformed national hunt districts by 6.5 per cent - £270,929, as compared to £254,268.

Nick Barnes, Head of Research explains: "In recent years horse racing has become increasingly popular and events such as Glorious Goodwood and the Cheltenham Festival are key dates on the social calendar for hundreds of thousands of people across the country.

“For those living close to race courses, our research shows that the disruption caused by big racing events is worth the hassle. The staging of big events pumps money into local economies and house prices close to race courses throughout the country are benefitting from this, with certain locations achieving substantial price increases since the downturn in 2008."

Discover more property articles at Homes and Property
PROMOTED VIDEO
Life and Style
tech

Board creates magnetic field to achieve lift

News
There have been various incidents of social media users inadvertently flouting the law
news

Life and Style
Stack ‘em high?: quantity doesn’t always trump quality, as Friends of the Earth can testify
techThe proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?
News
Bourgogne wine maker Laboure-Roi vice president Thibault Garin (L) offers the company's 2013 Beaujolais Nouveau wine to the guest in the wine spa at the Hakone Yunessun spa resort facilities in Hakone town, Kanagawa prefecture, some 100-kilometre west of Tokyo
i100
Sport
CSKA Moscow celebrate after equalising with a late penalty
footballCSKA Moscow 2 Manchester City 2: Premier League champions let two goal lead slip in Russia
Property search
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

IT Project Manager

Competitive: Clearwater People Solutions Ltd: Our client based in Chelmsford a...

Business Intelligence Specialist - work from home

£40000 per annum: Ashdown Group: An established and growing IT Consultancy fir...

Business Intelligence Specialist - work from home

£40000 per annum: Ashdown Group: An established and growing IT Consultancy fir...

IT Manager

£40000 - £45000 per annum + pension, healthcare,25 days: Ashdown Group: An est...

Day In a Page

Indiana serial killer? Man arrested for murdering teenage prostitute confesses to six other murders - and police fear there could be many more

A new American serial killer?

Police fear man arrested for murder of teen prostitute could be responsible for killing spree dating back 20 years
Sweetie, the fake 10-year-old girl designed to catch online predators, claims her first scalp

Sting to trap paedophiles may not carry weight in UK courts

Computer image of ‘Sweetie’ represented entrapment, experts say
Fukushima nuclear crisis: Evacuees still stuck in cramped emergency housing three years on - and may never return home

Return to Fukushima – a land they will never call home again

Evacuees still stuck in cramped emergency housing three years on from nuclear disaster
Wildlife Photographer of the Year: Intimate image of resting lions claims top prize

Wildlife Photographer of the Year

Intimate image of resting lions claims top prize
Online petitions: Sign here to change the world

Want to change the world? Just sign here

The proliferation of online petitions allows us to register our protests at the touch of a button. But do they change anything?
Ed Sheeran hits back after being labelled too boring to headline festivals

'You need me, I don’t need you'

Ed Sheeran hits back after being labelled too boring to headline festivals
How to Get Away with Murder: Shonda Rhimes reinvents the legal drama

How to Get Away with Murder

Shonda Rhimes reinvents the legal drama
A cup of tea is every worker's right

Hard to swallow

Three hospitals in Leicester have banned their staff from drinking tea and coffee in public areas. Christopher Hirst explains why he thinks that a cuppa is every worker's right
Which animals are nearly extinct?

Which animals are nearly extinct?

Conservationists in Kenya are in mourning after the death of a white northern rhino, which has left the species with a single male. These are the other species on the brink
12 best children's shoes

Perfect for leaf-kicking: 12 best children's shoes

Find footwear perfect to keep kids' feet protected this autumn
Anderlecht vs Arsenal: Gunners' ray of light Aaron Ramsey shines again

Arsenal’s ray of light ready to shine again

Aaron Ramsey’s injury record has prompted a club investigation. For now, the midfielder is just happy to be fit to face Anderlecht in the Champions League
Comment: David Moyes' show of sensitivity thrown back in his face by former Manchester United manager Sir Alex Ferguson

Moyes’ show of sensitivity thrown back in his face... by Ferguson

Manchester United legend tramples on successor who resisted criticising his inheritance
Two super-sized ships have cruised into British waters, but how big can these behemoths get?

Super-sized ships: How big can they get?

Two of the largest vessels in the world cruised into UK waters last week
British doctors on brink of 'cure' for paralysis with spinal cord treatment

British doctors on brink of cure for paralysis

Sufferers can now be offered the possibility of cure thanks to a revolutionary implant of regenerative cells
Ranked seventh in world’s best tourist cities - not London, or Edinburgh, but Salisbury

Lonely Planet’s Best in Travel 2015

UK city beats Vienna, Paris and New York to be ranked seventh in world’s best tourist destinations - but it's not London