Is buying near a racecourse a good bet for house price premium?

News at Waterfords | 11/04/2018


With the 2018 Grand National set to be held at Aintree Racecourse in Liverpool, we delved into our local house price data to see if buyers are prepared to pay a premium to live in the vicinity of a racecourse.

We have compared the average price of homes sold since the beginning of 2017 in the local area of the 55 racecourses across England and Wales and compared this to the wider district area average.

On average, properties close to racecourses sold for 8% more than the wider district area. Ascot was the winner with a 65% premium with Southwell in Nottinghamshire coming in second place (58% premium) and Taunton in third place (47% premium).

Sadly, some way off the pace at the bottom of the leaderboard was Aintree where homes in the local area sold at a 49% discount to the wider area.

Waterfords Estate Agents cover the Ascot area so we have compiled a overview of the Ascot property market:

Over the last 12 full months there have been 424 sales in Sunningdale and Ascot. This is a 4% change on the previous 12 month period. The average sales price was £655,982.

Ascot average property values/prices over last 12 months:

 

Ascot house price growth over 1 year and 5 years:

 

Percentage of property sales by property type over the last 12 months:

 

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Camberley - 01276 66566, Camberley@waterfords.co.uk

Chobham - 01276 858589, Chobham@waterfords.co.uk

Fleet - 01252 623333, Fleet@waterfords.co.uk

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