Chelsea tops property Premier League

Chelsea continue to top the Property Premier League despite a recent drop in form, new figures suggest.

The average property price in the SW6 postcode is £1.137 million, despite a 5% drop in prices since the start of last season.

Prices around Arsenal's Emirates Stadium average roughly half the amount at £575,676, despite rising 6% in the last year.

Online estate agent eMoov.co.uk has taken a look at the Premiership property table ahead of the start of the 2015/16 season, which kicks off next month when FA Cup winners Arsenal take on champions Chelsea in the Charity Shield.

The two London giants are also top of the property league, with the most expensive average house prices in the top flight.

Tottenham have finally managed a top four finish, with property around White Hart Lane climbing 6% to an average of £312,410, keeping them within arm’s reach of bitter rivals Arsenal.

Tottenham is due to undergo extensive redevelopment and with its nearest tube stop, Seven Sisters, earmarked to be part of Cross Rail 2, Spurs could soon climb the league as a potential property hotspot.

London teams dominate the top six, with West Ham clinching the last Champions League spot with an average price of £306,451.

With a move to the Olympic Stadium on the horizon, the Hammers could soon leapfrog Spurs, having already enjoyed the highest rise in house prices in the league since last year at 7%.

Man United manage 10th place above rivals City by a notable six places with prices £80,000 higher.

Premiership newcomers Watford, Bournemouth and Norwich all carry on the momentum of last season’s promotion, with Norwich finishing just outside the top ten and Watford (5th) and Bournemouth (7th) both enjoying healthy increases in price since leaving the Championship.

Liverpool and Everton are bottom of the league, with an average house price of around £72,000,up barely 1% over the last year.

Russell Quirk, emoov founder said: “Although the top two make for familiar reading a successful, wealthy Premier League club, doesn’t necessarily translate to a thriving property market in the surrounding areas.

“In terms of property, West Ham and Tottenham are the ones to watch.

“The developments in terms of location and transport infrastructure should see prices in both areas boosted as a result."