Old Trafford Stadium and Its Influence on Real Estate

Category: Manchester

The redevelopment of Old Trafford Stadium is set to transform not only Manchester United’s iconic home but also the entire Trafford area. This large-scale project is anticipated to inject many benefits into the city.

For property investors, this presents a golden opportunity to capitalise on the area’s rising appeal and significant growth potential.

Author: Sophie Hope

Digital Marketing Executive

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Old Trafford Stadium

Sir Jim Ratcliffe, a co-owner of Manchester United, has presented an incredible £2 billion idea to replace Old Trafford Stadium with a ground that can be utilised as a national venue. 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.

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.

What Are the Predicted

Benefits?

New stadiums at Tottenham, Everton, and Manchester City have all highlighted the success of how regenerating an area can keep fans there for longer on match days, and bring other benefits to the city. Manchester’s ambitious plans to regenerate Trafford Park, which include the construction of a world-class stadium, could contribute an impressive £7.3 billion annually to the UK economy, according to a report by Oxford Economics.

The study, commissioned by the regeneration task force, outlines a wide range of benefits this project will bring, including the creation of 92,000 new jobs, over 17,000 additional homes, and a predicted 1.8 million extra annual visitors.

For property investors, now is the perfect time to consider Old Trafford for buy-to-let investments. As the area undergoes extensive redevelopment, its growing desirability will drive significant capital growth potential over the next decade, making it a prime investment hotspot.

£7.3 Billion
Contributed to the UK Economy Annually
92,000
Additional Jobs
17,000
More Homes
1.8 Million
Annual Visitors

Why Invest Near a Stadium?

Stadiums and sports facilities often play a pivotal role in shaping urban development, frequently being positioned as the driving force behind a city’s economic transformation. Their presence sparks a ripple effect of benefits, enhancing not only the local economy but also the overall appeal of the area. Here are just a few of the key advantages a nearby stadium can bring to a city:

Elevated Levels of Housing Demand

Increased Property Values

Enhanced Area Reputation

Short-Term Lets Sky-Rocket

Improved Infrastructure

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.