As Wembley prepares to host the FA Cup final this weekend, new figures from London estate agency Foxtons show that house prices in the surrounding area have soared by 79% since the stadium’s redevelopment was completed in 2007.
However, one other London stadium regeneration scheme has posted even stronger property market returns.
Foxtons, drawing on Land Registry data, analysed sold prices across five London postcodes that have undergone major regeneration linked to Premier League stadium investments.
In HA9 – the postcode surrounding Wembley – the average sold price was £274,000 in 2007, the year the new national stadium opened. As of 2024, that figure stands at £491,500, representing annualised growth of 4.7%.
SIGNIFICANT IMPACT
The Wembley redevelopment, which transformed the site with new retail, commercial and residential infrastructure, has had a significant and sustained impact on the local property market. But while Wembley may be the most recognisable stadium regeneration project, it is not the most lucrative in property terms.
The data shows that the strongest house price growth was recorded in N7, the postcode that is home to Arsenal’s Emirates Stadium.
Completed in 2006, the Emirates has been a catalyst for a 112% rise in property values in the area over the past 18 years – equivalent to a 6.2% average annual increase.
Completed in 2006, the Emirates has been a catalyst for a 112% rise in property values in the area over the past 18 years – equivalent to a 6.2% average annual increase.
Other recent stadium projects have also delivered positive, if more moderate, growth. Since West Ham United moved into the London Stadium in 2016, prices in the E20 postcode have grown at an annual rate of 4.4%.
Meanwhile, homes near Tottenham Hotspur’s new stadium in N17 have seen a 3.1% annual increase since its 2019 completion, and Brentford’s TW8 postcode has seen annual growth of 2.1% since the opening of the Brentford Community Stadium in 2020.
ROBUST OPPORTUNITIES
Guy Gittins, Chief Executive of Foxtons, says: “Within the last two decades, London has seen a number of high-profile regeneration projects spearheaded by the creation of new Premier League stadiums, with these investments also bringing about a great deal of investment into the local area, infrastructure and housing markets.
“Wembley has perhaps been the most notable of these and it’s clear that the local housing market is now reaping the benefits of this investment, with house prices increasing at an average rate of 4.7% per year since 2007.
“For both homebuyers and buy-to-let investors, this indicates the robust opportunities and assurance that can accompany investments in regions either benefitting from or designated for regeneration.”
