Locally its often hard to escape the buzz surrounding FC United. Setup in 2005 by fans of Manchester United in direct protest of the Glazer Family takeover, the single act of bold rebellion has spawned a football club that is going from strength to strength.
In under 10 years they’ve achieved 4 promotions and are now only 2 promotions away from playing in the football league. Their newly opened 5000 seater stadium in Moston is set to provide a nice boost to local businesses throughout the year.
The £6.5m development puts Moston on the map as the home of the infamous FC United. Whilst a long way off Premiership glory, This is Money recently published a piece highlighting the increase in property value of homes around well known football grounds. They also provided a very interesting visual:
Whilst it looks like all that this data is showing is, what we all know, that London house prices have soared, there is some truth in the notion that properties located to sports stadiums do increase in value more rapidly than those that aren’t.
The value of homes located near to Premier League football stadiums is rising at double the national rate, research has found. Over the last decade house prices near the 20 clubs kicking off this season in the top flight has jumped by £353 a week on average, according to Halifax bank.
Craig McKinlay, mortgage director at Halifax, said: “The boost to property prices in these areas partly reflects the local regeneration that typically takes place alongside the building of modern sporting arenas, including improved transport links.
The area of North Manchester home to Manchester City has seen average values rising around the Etihad Stadium by 259% over the last ten years.
Whilst FC United don’t quite have the spending power of Manchester City, FC United have always been and will continue to be a club whose reputation and founding story is one of the most well know in football.
What will the new ground, the latest victories and the ongoing story do to property prices in Moston?
What are your thoughts?