Newspaper article The Evening Standard (London, England)

Living Next to a Cricket Ground Puts Thousands on Value of Your Home

Newspaper article The Evening Standard (London, England)

Living Next to a Cricket Ground Puts Thousands on Value of Your Home

Article excerpt

Byline: MIRA BAR-HILLEL

LIVING next to a major sporting venue can add to the value of your home, a survey shows today.

A property near the Wimbledon All England Club is worth almost [pounds sterling]20,000 more than houses in the surrounding area and living next to the Oval cricket ground can add [pounds sterling]10,000 to prices.

But being near a football ground has the opposite effect. A home close to Chelsea's Stamford Bridge stadium will fetch around [pounds sterling]13,000 less than an identical property in the area.

The research was carried out by website propertyfinder.com, with questions to scores of London estate agents.

Two out of three agents said buyers were often concerned about properties being too close to a football ground while half of buyers insisted that they wanted a house a safe distance away.

More than half of agents said that congestion was the biggest deterrent to buyers while one in four purchasers mentioned noise. A fear of vandalism and parking problems on match days were also cited.

Kate Rossi, of Bushells in Fulham, said: "People do voice concerns about properties being near the Chelsea ground. The main concern for residents is parking on match days."

Three out of four agents said that while buyers were also worried about parking problems near the All England Club during the annual tennis tournament, they never said they did not want a property near the venue.

In fact, most were attracted by the cachet of living in the area and one in five saw the potential for earning money by letting out their homes to players and their drives as car parks.

Agents said that buyers of properties close to cricket grounds could have worries about parking and traffic but these were outweighed by the benefits.

Living next door to Lord's added almost [pounds sterling]14,500 to the price of the average property. …

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