League of their own - Newcastle tops the table for property purchasing power

After a hot season, research by property developer Stripe Property Group, has revealed that Newcastle United sits top of the Premier League table when it comes to the ability to buy the most homes in their respective area with their estimated spend during the summer transfer window.

The study investigated the cash splashed by each team up until last week’s deadline day, as well as the current average house price in each of their individual areas and how many homes they could purchase based on their summer transfer window spend.

Transactions were cooking

During this summer’s transfer window, it has been recorded that a whopping £2.01 billion was spent, enough to snap up 6,605 homes based on the current average house price across England and Wales.

Eager to get in on the action, Chelsea spent the most this summer at an estimate of £251,09 million, however Hammersmith and Fulham, home to both Stamford Bridge and Craven Cottage, is also home to the highest average house price of all Premier League stadiums (£772,447).

As a result, Chelsea’s summer transfer window spend is enough to see them purchase 325 homes, which earns them the tenths spot in the table.

While they only just spent £122.4 million in comparison to Chelsea, Newcastle sits top of the table when it comes to the highest homebuying potential from this summer’s transfer window.

Newcastle is home to a current average house price of £187,871, the Toon spent enough to purchase 652 properties surrounding their home ground.

Game Players

Also making the list, the Wolves sit second, with their summer spend of £122.94 million which was enough to buy 627 homes around Molineux, followed suit by United (591), Man City (558), and Liverpool (458).

At the bottom end of the table with just £15.3 million spent, Leicester could afford to purchase 67 properties around the King Power based on the transfer window spend.

Managing director of Stripe Property Group, James Forrester, commented: “Although Newcastle may not have spent the most this summer, the fact they sit top of the table when it comes to the ability to purchase the most homes is quite fitting given the changes the city is currently undergoing.

Not only is it a very exciting time for the city with respect to the team itself, but we’re also seeing Newcastle benefit from a high level of regeneration. The rejuvenation of the Quayside area is just one ongoing project that is breathing new life into the city, with a focus not only on its social offering, but also as a place to work, study and live.

The next few years are going to be big for Newcastle, on and off the pitch, as we reposition ourselves as the powerhouse of the North and beyond.”