Silverstone fails to take pole when it comes to race track property premiums
The latest research from Yopa has found that while Silverstone may be the spiritual home of British motorsport and host of this weekend’s Formula 1 Grand Prix, it is far from the most prestigious racing venue when it comes to local property prices. In fact, homes near other race circuits across Britain command far higher price premiums.
The research from Yopa* analysed house prices in the postcode districts surrounding 18 of the UK’s most prominent racing circuits and compared them to average house prices across the wider local authority to reveal which tracks are the most desirable from a property perspective.
It found that across all 18 locations, the average house price in racing circuit postcodes is £343,311. This is 24.1%, or £66,655, higher than the average price of £276,656 across their respective wider local authorities.
Silverstone Circuit, located in the NN12 postcode of West Northamptonshire, ranks only sixth overall, with house prices averaging £410,623, just 37.9%, or £112,829, above the local average of £297,794.
Topping the table is Oulton Park in Cheshire West and Chester. Properties in the CW6 postcode command an average price of £506,109, a 91% premium, or £241,181 more than the wider local authority.
Lydden Hill Race Circuit in Dover follows closely behind, where homes in the CT4 postcode are 75.3% more expensive than the wider area, while Bedford Autodrome takes third place with a 60.1% premium for homes in the MK44 postcode.
Other notable names outperforming Silverstone include the Anglesey Circuit (47.0% premium), Snetterton Motor Racing Circuit (45.5%), and Goodwood (27.4%).
At the other end of the table, several circuits are located in postcode districts where house prices fall below the wider local average. Homes near Croft Circuit in North Yorkshire are 3.7% cheaper than the surrounding area, while the L9 postcode around Aintree Motor Racing Circuit in Sefton offers the most affordable trackside homes, with prices sitting 27% below the local average.
See the race track property price premiums in your local area here.
Yopa’s National Franchise Director, Steve Anderson, commented:
“Silverstone may be world-renowned for its motorsport legacy, but it doesn’t lead the pack when it comes to house price premiums.
Our research shows that other, lesser-known circuits command even greater desirability in property terms.
Whether it’s the rural charm of Oulton Park or the exclusivity of Bedford Autodrome, trackside living often comes at a notable premium, especially in areas that blend motorsport with picturesque surroundings.”
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