Top of the (property) League: house prices near West Ham's Stratford stadium have soared almost 850 per cent in 20 years

Property in the area surrounding West Ham United's London Stadium in Stratford have soared in the past 20 years. 
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West Ham United tops Britain’s “property Premier League” with house prices in the area around its stadium in Stratford soaring almost 850 per cent in 20 years.

Property values in the postcodes around the east London football club, which moved to the London Stadium at the Queen Elizabeth Olympic Park in 2016, averaged £440,474 last year compared with just £46,448 in 1997.

Analysis by brokers Pure Commercial Finance on the eve of the new Premier League season, found that all 10 of the best-performing “football postcodes” are in London, with current champions Manchester City in 11th place.

Of current or former top-flight clubs that have been based at the same ground since 1997, the strongest property market was the SE19 area around Crystal Palace’s Selhurst Park stadium.

It has seen average prices soar 751 per cent from £53,651 to £456,991. Next comes Wimbledon, relegated from the Premier League in 2000, where prices have gone up 636 per cent to £568,258, and Fulham, which fell from the top flight to the Championship last season, with a 598 per cent rise to £411,556.

The biggest property price rises among clubs continually in the Premier League over the period being measured were close to Tottenham Hotspur’s stadium, with a 590 per cent surge. The club moved into a £1 billion stadium last season after demolishing its historic White Hart Lane ground.

The highest property prices of any professional football clubs are those around Chelsea’s Stamford Bridge stadium, where the market is up 542 per cent from an average of £404,844 to just over £2.6 million.

Next comes Charlton Athletic, Watford, Arsenal and Queens Park Rangers.

Ben Lloyd, managing director and co-founder of Pure Commercial Finance, says the figures show how the construction of new grounds such as Arsenal’s Emirates stadium and Spurs’ New White Hart Lane can have a major regenerative impact on the surrounding areas.

Mr Lloyd says: “These results are compelling, it’s great to see that new football grounds are proven not only to stimulate local infrastructure investment, regenerate tired or unused areas of cities but to create an unprecedented rise in house prices in the immediate area of redevelopment.”

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