Football Celebrities are Good Neighbours
Below is a MRR and PLR article in category Finance -> subcategory Real Estate.
Football Celebrities: The Neighbors You Didn’t Know You Wanted
Summary
Despite former Arsenal defender Lee Dixon's view that people might prefer having a doctor as a neighbor, having a famous football player nearby offers many advantages.Are Footballers Good Neighbors?
Research by a real estate agency specializing in sports celebrities shows that towns and villages where footballers reside often see a significant rise in property values.
Property Price Boosts
There are numerous examples of this trend. Since John Terry, Chelsea’s captain, moved near the club’s training ground in Cobham, Surrey, in 2004, the price of detached homes has increased by 28%. The effect was even more pronounced when David and Victoria Beckham settled in Sawbridgeworth, Hertfordshire, in 1999, with property values soaring by 84%. Arsenal’s Sol Campbell saw a nearly one-third increase in property values after buying his Berkhamsted, Hertfordshire home five years ago. Similarly, properties in Cheshire, where Cristiano Ronaldo owns a flat, have experienced a surge in value. This area is particularly valuable due to its proximity to major football clubs like Manchester United and Liverpool.
Why Do Prices Rise?
Jeremy Lambourne, director of Oakhall agency, explains that football players often enhance their neighborhoods by investing in their homes. Stuart Flint from Knight Frank adds that modern players are savvy about maintaining their properties.
Are There Any Downsides?
While property value increases benefit residents, having football celebrities as neighbors can come with minor downsides. In Cobham, Surrey, John Terry’s parties occasionally cause traffic congestion. Neighbors of the Beckhams have endured paparazzi and fan invasions. Nonetheless, footballers generally are no worse as neighbors than anyone else.
Footballers' Property Preferences
Interestingly, Country Life reveals that footballers are increasingly drawn to country houses rather than flashy new builds. Over the past three years, 20 prime country homes, each costing over £2 million, have been purchased by Premier League players. As Mark Hedges, editor of Country Life, notes, these athletes, like many others, seek character and tranquility in their homes, contrary to the opulent lifestyle often portrayed in the media.
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