Old Trafford Stadium

Sir Jim Ratcliffe, a co-owner of Manchester United, has presented an incredible £2 billion idea to build a new 100,000 seater ground that can be utilised as a national venue, to replace the current Old Trafford Stadium. Trafford Council approved the vision as it perfectly aligns with the wider plan to regenerate Trafford on a larger scale. The concept of establishing a new home ground for Manchester United as the ‘Wembley of the North’ has garnered positive feedback from council leaders. United recently announced that the plans will be designed and led by the London-based architecture firm Fosters + Partners.

Old Trafford is the UK’s top destination for football fans worldwide, drawing a remarkable 2.5 million visitors annually. According to research by Visit Britain, the iconic home of Manchester United Football Club attracts more international visitors than any other stadium in the country. It is not only a must-visit for football enthusiasts but one of the North-West’s most popular landmarks. With exciting plans to enhance both the stadium and its surroundings, Old Trafford is set to welcome even more fans, further boosting Manchester’s global appeal.

Elevated Levels of Housing Demand- Stadiums draw large crowds for events, creating a heightened demand for nearby housing. This surge in interest boosts the need for residential properties, particularly among renters and buyers looking to live near vibrant entertainment districts.

Increased Property Values- Properties situated near stadiums often experience a significant rise in value, with the effect being more pronounced the closer the property is to the venue. For instance, a study revealed that property prices within 3km of Wembley Stadium saw an increase of 15%.

Enhanced Area Reputation- A stadium can enhance the reputation of an area, drawing in investors and developers eager to capitalise on its increasing popularity. This influx of interest boosts both property demand and prices.

Short-Term Lets Sky-Rocket- The rise in annual visitors and the influx of people travelling to stadiums for short stays can create profitable investment opportunities in the real estate market, as the demand for short-term rentals in these areas increases significantly.

Improved Infrastructure- Stadium developments often lead to upgrades in local infrastructure, such as better transport links, roads, and public amenities. These improvements make the area more desirable for residents, boosting property demand.