Posts with tag: Wimbledon

Wimbledon’s Property Market Aced by the Competition

Published On: July 4, 2017 at 8:11 am


Categories: Property News

Tags: ,,,,

With Wimbledon kicking off yesterday, online estate agent has compared the property performance of each of the four tennis Grand Slam locations over the past year – and Wimbledon’s property market has been aced by the competition…

The agent analysed the latest house price data in all four neighbourhoods that host the world-class tennis events – London’s Wimbledon, Paris’ 16ème arrondissement, Melbourne’s Fitzroy, and New York City’s Queens – to see who is the top for property price growth.

The average house price across all four neighbourhoods to host a Grand Slam is £987,743 – up by 5.32% on last year.

Wimbledon’s property market

Wimbledon's Property Market Aced by the Competition

Wimbledon’s Property Market Aced by the Competition

The average property value in Wimbledon is on the higher end of the scale compared to the overall borough of Merton (£604,935) and London as a whole (£607,112), at £753,354.

Additionally, the prices in Wimbledon’s prestigious neighbourhood of Wimbledon Village further outshine those across the rest of the area, with price tags averaging £1,526,752.

However, Wimbledon’s property market is the only one of the four Grand Slam venues to have recorded a drop in house prices since Andy Murray won last year. Values in Wimbledon Village fell by 2.01% over the past 12 months, while Wimbledon as a whole declined by 2.43%, ranking it in fourth place overall.

Values in Fitzroy 

Melbourne’s Fitzroy is a few minutes’ drive from Melbourne Park, where the Grand Slam series sees the first serve of the year in January.

Fitzroy enjoyed a 3.50% (£27,903) house price hike over the past year, from an average of £798,010 to £825,913, placing the Australian city in third place for property value growth.

Paris house prices 

Heading to Paris’ 16ème arrondissement, home to the Stade Roland Garros, the average property is valued at £10,885 per square metre – up by 4.80% from £10,386 in 2016.

The average home is around 181m2, but can range from 30m2 to 500m2. An average property of this size could set you back £1,970,185 today.

Queens’ property values 

The final tournament of the season is played in New York City’s Queens neighbourhood, where homes are currently valued at an average of £401,482 – up by a whopping 15.40% on 2016’s £347,903. This is the largest growth of all four venues.

Furthermore, house prices in Queens are expected to surge by another 5.60% to an average of £420,647 over the coming year.

Queens is the only area of the four locations to have a larger growth than the average, despite a much lower average price, making it the most affordable of all the Grand Slam neighbourhoods and crowning it as the champion in the property stakes.

Russell Quirk, the Founder and CEO of eMoov, comments on the results: “Hosting a major sporting event of any kind can have a positive impact on the property landscape hosting these competitions, as well as the additional economic benefit enjoyed for the duration of the event.

“The London market has slowed in price growth pace over the last year due to uncertain political and economic influences, and so it is no surprise that the more prestigious end of Merton has seen prices fall.

“This research would suggest that London’s high-end market is no longer the cream of the international crop where property is concerned, however, while prices may remain flat for the remainder of the year, we should see stability return for Wimbledon in 2018.”

Wimbledon property prices ace the competition!

Published On: June 27, 2016 at 12:01 pm


Categories: Property News

Tags: ,,,,

The best tennis players in the world have once again gathered in SW19, as the All England Lawn Tennis Club plays host to the Wimbledon Championships for the next fortnight.

To mark the occasion, online estate agents has used hawk-eye average property prices in close proximity to the All England Club. The agent then compared these prices to those near to other grand slam venues-Melbourne Park in Australia, Flushing Meadows in New York and Roland Garros in Paris.

Wimbledon winners

Data from the research suggests that the typical house prices in Wimbledon Village ace all of the other venues. Property prices in the area command more than £1.5m, meaning you would have to rule Centre Court to even purchase a home!

Average house values in Wimbledon Village total £1,591,939. In comparison, typical values of property near to the other three slam venues are available for a slice of this fee. In Melbourne, houses are available for an average of £604,193, in New York £466,193 and in Paris for £459,957.

This year, both the male and female Wimbledon champions will receive a cheque for £2m, giving them just enough money to build a court in their new SW19 residence!

You cannot be serious!

It is not only property prices near the All England Club that could put your finances in a (top) spin. HouseSimple also analysed property prices near British tennis clubs offering quality grass courts. The results show that values in these areas smash the competition!

The average price of a home near to the Holland Park Lawn Tennis Club in London is £4,343,167-281.5% greater than the average of £1,138,333. Where is John McEnroe when you need him?!

Wimbledon property prices ace the competition!

Wimbledon property prices ace the competition!

The full results of the investigation are shown in the order of play below:

Region Name of tennis club Average property price in postcode area (£) Average property price next to tennis club (£) Price premium


London Holland Park Lawn Tennis Club £1,138,333 £4,343,167 281.5%
London The Hurlingham Club £1,110,978 £2,694,139 142.5%
South East St George’s Hill Lawn Tennis Club £752,076 £1,255,083 66.9%
London Queen’s Club £1,138,333 £1,140,167 0.2%
South East Stoke Park Country Club £346,099 £825,000 138.4%
London Roehampton Club £719,965 £732,199 1.7%
South East Pit Farm Tennis Club £515,186 £701,944 36.3%
South East Halton Tennis Centre £415,783 £642,917 54.6%
East Midlands The Leicestershire Tennis and Squash Club £201,336 £305,142 51.6%


Game, set and match

Alex Gosling, CEO of online agents, noted, ‘most of us have more chance of winning a set-well maybe a game-against Andy Murray, than buying a property near the All England Lawn Tennis Club. However, property prices close to the Wimbledon Championships pale in comparison to average prices next to the Holland Park Lawn Tennis Club. Even if you combined the men’s and women’s winners cheques, they still wouldn’t cover the average price of a property in the area.’[1]


More to Wimbledon than the All England Club

Published On: June 30, 2015 at 2:48 pm


Categories: Landlord News

Tags: ,,

With all eyes on SW19 in arguably the most iconic fortnight in the British sporting calendar, property investors are looking past the Pimms, strawberries and Maria Sharapova to see the other side of Wimbledon.

Boasting large properties, good local schools and a picturesque village full of greenery, the south-west London hotspot offers a lot more than the All England Lawn Tennis Club.


As is the norm, desirable locations such as Wimbledon come at a hefty price. The average property price in the village is £745,516, equating to £157,403 more expensive than the average property cost in the capital. What’s more, prices have soared quicker than an Andy Murray ace, rising by £174,988 since 2010.[1]

‘There was a hiccup with the election but we have been busier since then,’ said Edward Foley, owner of Winkworth in the village. ‘Demand is good. We get a lot of interest from people in Battersea and Fulham. They come to Wimbledon because they get more for their money in terms of property. They also come for the greenery, space for parking and that country feel,’ he added.[2]

At present, the most-costly streets in Wimbledon are Highbury Road and Parkside Avenue, where prices will set purchasers back a cool £6,249,116 and £6,145,871 respectively. Perhaps Mr Djokovic will be interested to know that the highest-value property currently on the market in Wimbledon Village is a seven-bed mansion, for £8,850,000. You cannot be serious?

Changing dynamic

The buyer landscape in SW19 is changing. British buyers still make up the bulk of the interested parties but there are a number of overseas investors looking to capitalise in the thriving market. Potential investors from nations such as Russia, India and China are said to looking into buying property in the area.

‘There is an increasing proportion of overseas buyers in the area,’ explains John Keeble, associate director of Hamptons International. ‘We have a lot of Chinese coming in and they’re interested in both houses and flats. We also have Norwegians, Germans and 2 per cent of the population is from South Africa. It’s a bit of everything.’[3]

Mr Foley noted that, ‘if you go to certain parts of the world, most people have heard of Wimbledon. It is world famous for tennis so overseas buyers feel comfortable with it. A lot of foreign buyers view buying a property in Wimbledon as a long-term investment but use it for immediate occupation. Overseas interest in Wimbledon has greater in the last six months.’[4]

More to Wimbledon than the All England Club

More to Wimbledon than the All England Club

Short-term opportunity

During the two weeks of the tournament, there are many opportunities for short-term lets. A growing number of homeowners are renting out their homes for the duration of the Championships, choosing to go on holiday, often paid for by rent being gained by the tennis fans letting their home.

Nicola Clark, lettings manager of John D Wood and Co’s Southfields branch, commented that, ‘in general, ‘the pricing for a short term let is higher than a long let. For the Wimbledon season, tenants expect all facilities to be provided in the property, including fully equipped, fully furnished rooms. This will even include crockery and bedding/linens, with bills included as well as satellite television and maid service.’[5]

She continued by saying, ‘typically, the lets are only for the two weeks of Wimbledon itself. Short-term lets during Wimbledon remain constant, as both players and visitors alike often prefer a real home to a hotel environment.’[6]


Demand for property in Wimbledon’s less illustrious neighbor Southfields is also on the rise. Prices in the town are now averaging £629,010, an increase of £156,188 over the last five years.[7]

Head of Sales for John D Wood & Co in Southfields Jonathan Loneysaid, ‘Southfields has long been a hidden gem, found more by accident than design, by buyers looking in the more established areas of Putney and Wimbledon. As demand in London has continued to outstrip supply, Southfields has suddenly found itself on more and more purchasers’ radars. Offering a great community feel with the green spaces of Wimbledon Park, great local shops and prominent schools, this popularity is bound to continue to grow.’[8]

Continuing, Loney stated, ‘the post-election bounce in Southfields is leading to higher sale prices and there are certainly good signs that prices are likely to steady increase in the next year to eighteen months.’ He feels that, ‘the Southfields Grid with its family Edwardian homes, is still the area of choice. However, there is also increasing demand for family homes in the Pulborough Triangle – an area of five roads just down from the station – and ‘Gardens’ area of Southfields – Gartmor GardensSouthdean Gardens and Kingscliffe Gardens, next to Wimbledon Park, which are seeing increases in popularity.[9]

All in all then, Wimbledon and its neighbours offer a clean winner of a property market.