As the new Premier League season starting this weekend, new research by Nationwide Building Society shows that if the league was based on the percentage change in house prices between June 2013 and June 2014, Tottenham Hotspur would be champions, Chelsea, Queens Park Rangers and Arsenal would take the remaining Champions League places, while Newcastle United, Burnley and Hull City would be relegated.
In the 12 months to June 2014, house prices in Haringey, home of Tottenham Hotspur’s White Hart Lane stadium, have increased by 32%. At the other end of table, the year on year change is very minimal. Newcastle saw house price growth of 3%, while Burnley saw an increase of just 2%. Hull City was bottom of the league with no annual house price growth (0%).
If the league was based solely on average house prices, Chelsea and QPR would be joint champions (average house price: £760,144), with Arsenal (£701,030) in third and Tottenham Hotspur (£513,435) dropping to fourth. While Hull City (£130,289) and Burnley (£112,868) would stay relegated, Newcastle United (£181,473) would comfortably escape the relegation zone and be replaced by Stoke City (£133,831).
Over the last 10 years, there are only three clubs in the current Premier League where house prices in their local authority or borough have increased by more than 100%. Arsenal has seen the biggest increase with house prices in Islington increasing by 125%. Hammersmith & Fulham, home to both Stamford Bridge (Chelsea) and Loftus Road (QPR), has seen house prices rise by 110% over the past decade.
While Manchester City won the 2013/14 Premier League, they do not rank as highly in the House Price Premier League finishing only joint 12th based on the annual house price growth in the City of Manchester and with an average house price of £207,940, 73% cheaper than Hammersmith & Fulham (£760,144).
Over the last year, house prices in Haringey, home to White Hart Lane, have soared by 32%, nine percentage points higher than the growth seen in Islington, home to the Emirates Stadium (23%). But, a typical home in Arsenal’s location of Islington will set you back £701,030, which is 37% more expensive than the cost of a typical home in Tottenham’s Haringey borough (£513,435).
Wembley and its Brent location have seen house prices increase by 23% year on year between June 2013 and June 2014, which would put it joint fourth in our league table. However, while it is England’s most iconic football stadium, Wembley does not attract the most iconic house prices. In fact, the average house price in the surrounding area is £474,672, which would place it only 5th if the Nationwide league was based on average house prices.