Crystal Palace beat Man Utd to top house price league

Crystal Palace beat Man Utd to top house price league

Residents living close to Crystal Palace's Selhurst Park stadium have seen their house prices rise faster than any other premiership team over the past year.

Average house prices in the Croydon area, home to Selhurst Park, rose by 17% in the year to June to reach £341,309, according to figures from Nationwide.

Meanwhile, firmly in the relegation zone, the area that houses Manchester United's Old Trafford stadium, saw prices rise by just 1% to £234,207.

Stoke City's neighbourhood prices stood still at £135,513 and Sunderland's Stadium of Light postcode fell by 4% to £150,552.

Unsurprisingly, the club with the priciest surrounding real estate remains Chelsea, where the average price was an eye-watering £797,558. Prices in the area rose by 5% on average during the year, and by 127% over the past five.

The ground with the cheapest houses nearby is Stoke City's Britannia Stadium, where the average price is £135,513.

Alan Oliver, head of external affairs at Nationwide, explained: "Our latest figures once again show that success on the pitch doesn't always mean high house price growth. The prime example is Manchester United - top four in the Premier League but relegation zone in the house price equivalent. In fact, half of the teams in the top 10 of the 'House Price Premier League' finished in the bottom half of last season's Premier League."

He added: "The data also shows that areas containing Premier League football stadia are not immune from the wider national house price picture as annual growth rates are down. Across the UK, the annual pace of house price growth continues to slow - a trend that has been in evidence since mid-2014. In fact, in our most recent regional report, 11 of the 13 UK regions saw a slowdown in annual rate of growth in the second quarter of 2015."

Nationwide reported that UK house prices fell by 0.2% to £195,055 in June compared to the previous month. Year-on-year, they were higher by 3.3% but in May the annual growth figure was 4.6%.