F1’s iconic venue Silverstone – the home of British motorsport and host of Formula 1 British Grand Prix on 6 July – does not take the lead when it comes to local property prices in the UK.
National estate agency 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. In doing so, it revealed which tracks are the most sought after from a property perspective.
The research found that across all 18 locations, the average house price in racing circuit postcodes is £343,311. This is 24.1 per cent, 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. This is 37.9 per cent – or £112,829 – higher 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, marking a 91 per cent (£241,181) increase than the wider local authority.
Lydden Hill Race Circuit in Dover follows closely behind, where homes in the CT4 postcode are 75.3 per cent more expensive than the wider area. Bedford Autodrome takes third place with a 60.1 per cent premium for homes in the MK44 postcode.
Other notable names outperforming Silverstone include the Anglesey Circuit with a 47 per cent premium, Snetterton Motor Racing Circuit (45.5 per cent), and Goodwood (27.4 per cent).
On the other end of the scale, several circuits are located in postcode districts where house prices are below the wider local average.
Homes near Croft Circuit in North Yorkshire are 3.7 per cent cheaper than the surrounding area, while the L9 postcode around Aintree Motor Racing Circuit in Sefton offers the most affordable trackside homes. Prices here sit at 27 per cent below the local average.
Yopa’s national franchise director Steve Anderson, commented on the findings, saying: “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.”
