13th August 2015
Crystal Palace Win the Championship – Selhurst Park tops the Nationwide league table for property price growth near Premiership grounds.
Barely a ball has been played at the start of the new football season and Crystal Palace are already Premier League champions – when it comes to hot property!
The Nationwide Building Society’s annual table comparing house price growth close to Premiership stadiums, puts Palace well ahead of the competition – including current football champions Chelsea.
The Eagles’ home ground at Selhurst Park took the top spot after prices surged 17 percent – or £50,000 – in the past 12 months. They beat second placed West Ham on 16 percent, third placed Watford on 10 percent, and Chelsea, who could only manage sixth place, with five percent growth.
All of which comes as no surprise to Streets Ahead Estate Agents’ Crystal Palace sales manager, Jola Bamigbola, who has been selling homes in the area for 11 years.
“Crystal Palace – and Selhurst Park in particular – is a real hotspot with prices jumping at an incredible rate in the last 18 months,” said Jola.
“A couple of years ago it was virtually impossible to sell near a football club. Now it’s a positive selling feature, particularly at Selhurst Park, which has a good range of well-priced three and four bedroom houses.”
Selhurst Park’s property stock – which the Nationwide says is now sitting at an average price of £341,309 – includes Victorian, Edwardian and Georgian semi’s, many of which have not yet been turned into flats. Which means they attract first and second time buyers wanting more house for their money.
“We are seeing second time buyers – people selling their flats in Streatham or Balham, Clapham or Battersea, who want a bigger property and know they can get more for their money here,” said Jola.
“In the last three weeks we have sold two Victorian semi-detached houses for around £500,000. A year ago we would have been pushed to get £400,000 for a house and £200,000 for one bed flats that now sell for £250,000.
“In fact we had multiple offers on the houses – and they sold within seven to ten days.”
Jola says there are signs that the area is up and coming, with smart shops and cafés opening and a couple of local pubs overlooking the Crystal Palace getting makeovers.
“It’s a great choice for young professionals – what’s more they are telling their friends and families, who move in too. Anything that comes up on the market here now absolutely flies.”
A few Selhurst Park first time buyers have told Jola that they are Eagles fans, so buying a property close to the Palace ground was a bonus. But Jola believes the profile of Crystal Palace as a friendly, family-focused club, also adds to the area’s appeal.
And it seems the area’s price growth has not escaped the savvy Palace players either – a few have already bought investment properties locally through Streets Ahead.
For more information on Crystal Palace and Selhurst Park property visit www.streetsahead.info Streets Ahead Estate Agents Crystal Palace, 4-8 Westow Street, Crystal Palace SE19 3AH Telephone: 020 8653 9222 or email email@example.com