Foxtons revealed that the rental yield across these postcodes (4.8%) is 0.5% higher than the area average of 4.3% found across the wider boroughs in which the venues are found.
Lord’s Cricket Ground had the strongest performance comparatively, coming in at 6.9%. This yield is 3.1% higher than the 3.8% across Westminster.
Coming in at a close second, the Oval Cricket Ground offers up an average yield of 6.8% – 1.9% more than the wider borough of Lambeth. Tottenham Hotspur Stadium saw an average of 6.5%, 2.1% above the overall figure in Haringey.
Wembley Stadium and Crystal Palace also rank high when it comes to highest sporting venue yields at 5.5% and 5%, respectively.
Rental yields are not the only thing on the up; investors can also potentially see a higher degree of capital appreciation.
According to Foxtons’ report, postcodes home to a major sporting venue have seen property values increase by an average of 0.7% over the last year.
Although this may not seem like an extraordinary rate of growth, Foxtons data suggests that house prices across wider boroughs have fallen by an average of -3.8% during the same period.
Foxtons chief executive Guy Gittins says: “We’re now seeing a range of foreign imports such as the NFL, NBA, and MLB make London a permanent fixture in their sporting calendars. This has led to a great deal of ongoing investment into major sporting venues and the facilities themselves, which brings many additional improvements to the surrounding area and the local infrastructure.
“This benefits both the housing and rental markets, helping to boost supply and demand, which in turn ensures a strong rate of house price growth and superior yields for buy-to-let investors.”
