Living near a popular football stadium does however have its downsides. A recent survey conducted by Property Finder showed that properties near football grounds are less popular with homebuyers.
On average, homes within a mile of a football club are worth 1.8% less than similar properties further away. Chelsea FC’s Stamford Bridge and Fulham FC’s Craven Cottage are both typical examples. In Kensington & Chelsea where the average house price is £744,340, a home within a mile of Chelsea FC is worth approximately £13,000 less than a similar place further away. Near Fulham FC, a home is worth 2%, or £8,500 less than the average in the borough.
There has been much speculation and excitement in the news during the past few weeks over the proposed new stadium for Liverpool Football Club. Although the green light has been given for work to begin on the new Stanley Park stadium, residents of the area are voicing concerns on the effect it will have on the surrounding area. Where the current stadium area Anfield is set to prosper, many feel house prices in the Stanley Park area are almost certainly going to drop.
One resident says, “I am a local resident and do not think that anyone at all should be allowed to build on a Victorian grade 11 Listed Park. This is a valuable community asset, enjoyed by many, and to allow any loss of open space in a densely populated terraced district would be very wrong. Also an increase of 15,000 extra fans would bring more anti-social behaviour, disorder, car crime and possibly violence to the area. All of this combined with an increase in traffic congestion is almost definitely going to affect house prices when it comes to selling my property. I have a feeling it will become a difficult place to live, with no one wanting to buy property there.”
63% of estate agents near football clubs said that buyers often voiced concerns about properties they deemed to close to a venue. Half of buyers state that they are looking for properties a safe distance away according to agents. 56% of agents blamed traffic congestion as the principal factor deterring prospective buyers looking at properties close to grounds, while 22% mentioned noise. The fear of vandalism and major parking problems on match days were also listed as concerns.
For somebody that lives near a football ground and wants to move, instead of watching their house sit on the market for months on end, they should turn to National Homebuyers for a quick and easy sale.
Director of National Homebuyers, Julian King says, “We purchase properties in any condition and in any location across the UK every day, and we are more than willing to offer this service to people struggling to move away from football stadium areas.
If people are unsure as to where they want to move they always have the option of selling their house to us and then renting it back for an unlimited period of time. Every call and every customer receives a personal service, tailored to meet their requirements.”
