British Open boost to Liverpool property prices

Homeowners in the Hoylake area of Liverpool are getting set to reap the rewards of the 2006 British Open in July.

Ticket sales are already ahead of expectations and homeowners have been cashing in on the tournament – with houses close to the Royal Liverpool golf course being let out for up to 75,000 for just 10 days.

Property experts say that a lack of hotel accommodation means people living in the area can secure high prices.

Some 300 properties have already been advertised by local estate agents and over 40 are thought to have been reserved.

The Royal Liverpool golf course has a link on its website showing 250 available houses and flats to let.

Prices depend on both size and its distance to the course.

One six-bed house on Meols Drive – five minutes from Royal Liverpool – was put on the market at 75,000.

Other four / five bedroom houses overlooking the course are being advertised for between 30,00 and 50,000.

When Roberto de Vincenzo won at Hoylake in 1967 the attendance was just 29,880 – the 2006 championship is expected to attract in the region of some 250,000 spectators.

It will also bring in some 50m to 100m worth of revenue. It is also thought that some 4,000 people will be employed during the event.