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House prices hit an all-time high last month and although the pace of growth may be slowing, the £186,322 average price as reported by the Halifax is still eye-watering.
If things stay like this, it may be only pop stars and footballers who can afford a new home. So with the Premier League season kicking off this weekend, a property table has been created featuring all 20 clubs.
It makes interesting reading as it collates the average asking price of properties around the local area of each team.
It shifts the bragging rights away from last season's champions Manchester City and runners-up Liverpool with Chelsea, newly promoted QPR and Arsenal taking the coveted top spots in housing terms.
In just two years Gillingham, Kent's only Football League side, could be playing in the country’s top flight so we decided to add them to the table.
But we certainly didn’t expect Gillingham to finish fourth in the table, which was compiled for us by eMoov.co.uk.
Properties in the area near and around the Gills’ Priestfield Stadium have an average asking price of £380,264, according to zoopla.co.uk
Medway estate agent John Wright, of Wright & Co, was taken aback by the Gills’ position. He believes the research included areas such as sought-after Wigmore.
“It is surprising that the average asking price is that high but it’s a pleasant surprise,” he said.
“Medway does go under the radar and is dismissed a bit. The area does deserve a better profile – there’s lots of history in Gillingham and some really nice parts.”
John, whose office is based in the town, thinks the area’s locality to the capital is a key reason behind the high position.
“People who can’t afford to live in London and are looking further afield spill out from there,” he added.
“Commuters could live in places like Reading or Gillingham for half the price.
“There’s a good buy-to-let market here and the first-time buyers are coming in again.”