On average, homes located in the same postcode areas as Britain’s most famous racecourses are ahead of the pack and commanding a premium of 15% compared to the average value across their wider respective local authority districts.
With Royal Ascot underway, estate agent comparison site, GetAgent.co.uk, has analysed house prices near Britain’s famed horse racing venues to reveal how much of a premium race fans will have to pay to live on the doorstep of these elite equestrian locations.
Horse racing house price premiums
Ascot is located in the Berkshire outcode area of SL5. The average house price here is £753,430 which is 37% higher than the wider local authority average of £548,482.
Ascot doesn’t, however, lead the pack when it comes to racecourse house price premiums because over near Sedgefield in County Durham, a left-handed jump racing course, local house prices come at an average of £259,757. This gives Sedgefield a 112% house price premium compared to the wider Durham district average of £122,818.
Wetherby Racecourse is found in the Leeds outcode area of LS22. Homes here cost an average of £440,343, 94% above the Leeds district average of £226,876.
Nottingham Racecourse sits close to the city centre in the NG2 outcode area where houses cost £315,456, a premium of 78% over the wider local authority district average of £177,187.
Highest outright horse racing house prices
In terms of which racecourse is home to the highest outcode price, the leader of the pack is Sandown Park in the Kent outcode area of KT10 where houses command an average price of £978,533. This is followed by Ascot (£753,430) and Lingfield Park in Surrey (£659,651).
Most affordable
On the other side of the spectrum, the most affordable racecourse adjacent homes are found near Ayr Racecourse in South Ayrshire, Scotland. The average house price here is just £101,230.
Also in Scotland, Hamilton Park has a local house price of £123,748, and homes near the famous Aintree Racecourse come at an average of just £133,704.
Colby Short, Founder and CEO of GetAgent.co.uk, commented: “The world of horse racing is a funny one. It is today known as a pastime for the rich, royal, and famous, but it also has roots very much in working-class British history. That’s why we see some courses with extremely expensive local house prices and others with incredibly affordable prices.
“For race fans who want to live close to the finest events the sport can offer, it might be smart to avoid the likes of Ascot and Sandown and to look instead to the far more affordable but no less esteemed courses of Aintree and Newmarket.”
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