How does Wimbledon affect the property market in the area?
With Wimbledon starting on July 1st the nation once again turns its attention to strawberries and cream, Henman Hill (or Murray Mound depending on your age!) and of course the tennis on display during the fortnight. We’re taking a look at how the Championship affects the property market in Wimbledon, and the surrounding areas where houses in Wimbledon can sell for an average of £315,000 to over £2,000,000, depending on the number of bedrooms.
Having a property in Wimbledon also means you’re likely to be rubbing shoulders with a few famous faces now and again. Boris Becker purchased a £7 million house in 2009. Despite this many people in the area actually cite the location, good schools and green spaces as reasons why the area is so desirable.
One big benefit of owning a property in the area is that when July rolls around it’s a great opportunity to rent out your home. Lots of locals tend to plan their holidays to actually coincide with the tournament and rent their homes out for way above the average just for the two week period. In 2018 it was reported that an average four-bedroom, two-bathroom terrace could let for about £2,000 a week.
If you are thinking about purchasing a property in the area then our Southfield branch has properties for sale for a variety of budgets. This 5 bedroom terraced town house is top of the dream list at £1.75m and located within a mile of the iconic centre court, whilst this two bedroom flat in SW19 is spacious and modern and also located just over a mile away.
We can just see Roger Federer and family lounging about in this home…
For more information on the area or to discuss your individual requirements then contact the Southfields branch who will be able to help you find your next home.