With the big kick-off only a couple of days away for the Premier League season, new data has revealed that, on average, a Premier League player will earn almost enough in one 90-minute game to buy a house near certain grounds.
The Halifax crunched the numbers on the average earnings in the top flight of English football to reveal that a player pockets on average £69,540 in every game. That would almost be enough to buy a home near the stadia of Merseyside rivals Liverpool and Everton where an average property costs £78,093.
Player power on and off the field
A player would need to play a lot more football to afford a house close to Chelsea’s Stamford Bridge stadium or Fulham’s Craven Cottage, both based in west London. There the average property costs £1,111,986.
With an average annual salary of £4,451,200, a Chelsea player could save up for a home nearby in just 13 weeks. Locals aren’t so lucky: the average resident of Chelsea earns £63,361 a year, so it would take them almost 18 years to earn enough to be able to buy the same home.
The biggest price growth around a Premier League stadium is at Tottenham Hotspur. Average local house prices near the north London club’s White Hart Lane ground have shot up by 94 percent in the last decade, now sitting at an average £481,609.
Neighbours and rivals Arsenal have seen an increase of 60 percent in house prices close to their Emirates stadium in the same period.
Local benefits from nearby stadium
Russell Galley, managing director of Halifax, said: “As clubs gear up for the start of the 27th Premier League season, it appears that, for many, success on the field has rubbed off as property prices in the areas surrounding the grounds of England’s top-flight clubs have risen ahead of the rest of the country.
“While football may not be coming home, many players looking to buy a house near their team’s stadium need just a few games to earn the equivalent of the average house price.
“Locals living nearby some grounds, such as the Emirates, have benefited from the associated infrastructure improvements as clubs upgrade or move stadiums.”
Since 2008, the average house price near Premier League clubs has risen from £273,917 to £401,457, an increase of 42 percent. That’s well ahead of the rest of the UK where house prices have increased on average by 30 percent.
Football’s right at home
Football may not be coming home, but it certainly pays to live near a Premier League club. If you fancy being just a long corner kick from your favourite ground, talk to Best Value Conveyancing to get the conveyancing deal that’s top of the league.
We’re available seven days on 08000 387 007. Or you can get an instant quote for conveyancing services now.