With hundreds of thousands of tennis fans from the world over about to descend upon the All England Lawn Tennis Club. We take a look at, what draw there is for house hunters and property investors alike in Wimbledon.
Away from the sport that has made this London Borough of Merton world famous; housing in Wimbledon offers predominately classic Victorian semi-detached and terraced homes.
A quick glance at Rightmove however and you’ll find, as typical of London a wide spectrum of properties on offer, from a 6 bedroom detached Grade ll listed Victorian Mansion currently available for a ‘mere’ £16,500,000, to £250,000 1 bedroom apartments.
The expense does not seem to have deterred buyers, and if you’re looking to move to Wimbledon then you’ll have to act quick, as Home.co.uk have reported that of the 1,122 properties recently analysed 407 sold within less than one month of being listed, closely followed by a further 257 which sold within no more than two months; a clear indication of the level of appetite for property in Wimbledon.
According to Rightmove the majority of sales in Wimbledon during the last year were flats, which were selling for an average price of £414,519. Terraced properties on the other hand sold for an average of £764.084, with semi-detached properties fetching on average £1,181,273.
Overall sold prices in Wimbledon over the last year increased by a hefty 16%, which is a 35% increase from 2012, a sign that the area is thriving of late, and perhaps benefiting form the draw of this world-renowned event just down the road at SW19.