Average property prices in the 14 postal districts closest to East London’s Olympic Park have risen by 53% since the games, according to Lloyds Bank.

It said that average prices have soared from £286,638 in September 2012 to £438,065 in March 2016 – an increase of £151,427, equivalent to a monthly rise of £3,522.

This is over three times the rate of increase seen in England and Wales; nationally property values grew on average by 17% over the same period – from £234,947 to £275,872.

Price performance in the 14 East London areas has also outpaced London as a whole. Since September 2012 the average price in the capital has grown by 32% to an average price of £557,359.

Gold medal winners

In the four years since the last Olympic Games, the average price in all but one of the 14 areas has risen by over £100,000.

In cash terms the largest rise was seen in trendy Shoreditch, where the average property price has grown by £245,330, followed by Dalston (£203,113), Homerton (£197,737) and Bethnal Green (£178,893).

East Ham recorded the lowest rise in prices, a relatively modest increase of £83,566 in four years.

Nitesh Patel, Lloyds Bank housing economist, said: “The longer term benefits of the Games are still being felt today, particularly for homeowners in the areas close to the Olympic Park who have seen property prices outperform both the national and London markets.

“Regeneration in this part of the capital has seen significantly improved transport connections and facilities, which have helped attract businesses and households to the area and in turn boosted local property values.”