The Telegraph has reported that property located close to Premier League football grounds has risen in value far quicker than average UK house prices over the last decade, as the billions of pounds invested in clubs has a regenerative effect on local communities.

According to Halifax, average property prices in the postal districts of the 20 Premier League football clubs have increased by 137 per cent over the last decade, from £152,891 in 2002 to £362,866 in 2012. By contrast, average house prices across England and Wales have risen by 90 per cent over the same period, from £121,129 to £229,735. Further, house prices in the Premier League postal districts have risen by an average of 1.3 per cent over the last year compared to an average fall of 2.7 per cent across England and Wales, Halifax said.

The biggest rise in prices over the last ten years has been near Manchester City’s Etihad Stadium. Homes close to the grounds of the current Premier League champions have risen by an average of 270 per cent to £79,000 over the last decade. Manchester City is owned by Middle Eastern investors, Abu Dhabi United Group.

The second largest rise has been at homes close to Aston Villa’s Villa Park. Here average prices have risen by 126 per cent to £98,000. Sunderland, Swansea City and Stoke City have also seen rises well in excess of 110 per cent.

Halifax obtained the data using Land Registry records.