Five Compelling Reasons Why House Buyers Are Smitten with Living in Wimbledon

Five Reasons Why Living in Wimbledon is a Smash with House Buyers

The Housing Market in Wimbledon: What You Need to Know

The charming neighborhood of Wimbledon in southwest London has long been associated with the iconic tennis tournament, but it offers much more than just world-class sports. The housing market in Wimbledon has experienced significant growth, with house prices climbing 14% since 2019. While the pandemic has fueled a race for space, the price growth of houses in Wimbledon has outpaced that of flats, with a 24% increase compared to 6%. The average price of a home in Wimbledon now stands at £894,690, and houses in Wimbledon village, located at the top of the hill away from the town center, are particularly sought-after.

Despite the challenges faced by the wider housing market, Wimbledon is currently experiencing a robust period of activity. Offers, prospective buyers, and exchanges have all increased in recent months. In fact, 25% of properties in Wimbledon sold within three months, compared to only 17.5% across central London. The area’s international nature and historic stability have contributed to its resilience, making it an attractive destination for homebuyers even during economic uncertainty.

How Much Do People Living in Wimbledon Make from Renting Out Their Houses?

For homeowners in Wimbledon, renting out their properties during the tennis season can be a lucrative endeavor. Rental demand soars during this time, allowing homeowners to command a premium of up to 400%. A top-notch five-bedroom house close to the action can fetch as much as £18,000 per week. While membership to the All England Lawn Tennis and Croquet Club is not easy to obtain, many homeowners can take advantage of the rental demand and make a significant income during the tournament. The proximity to the tennis club and the appeal of this prestigious event make Wimbledon an attractive destination for short-term rentals.

Wimbledon‘s Schools Are Almost as Good as Its Tennis Facilities

Wimbledon not only boasts world-class tennis facilities but also offers excellent educational options. The neighborhood is home to a range of private and state schools, many of which have been rated as outstanding or good. These schools, including King’s College School and Wimbledon High School, attract families looking for quality education for their children. The presence of renowned educational institutions adds to the appeal of Wimbledon for families, both local and international.

The Great Outdoors is on the Doorstep for Wimbledon Residents

One of the unique selling points of Wimbledon is its abundant green space. With Wimbledon and Putney Commons, covering 1,140 acres of countryside, residents have ample opportunities for outdoor activities. The area offers horse riding, golf courses, and even a windmill. Wimbledon Park, the location of the All England Lawn Tennis and Croquet Club, features a lake, athletics track, tennis courts, and adventure golf. Additionally, Richmond Park is just a short distance away. With such vast green spaces, Wimbledon is an ideal neighborhood for those who enjoy an active, outdoor lifestyle.

Village Ambiance

Despite being well-connected to central London, Wimbledon manages to retain its neighborhood feel. The area is divided into two distinct sections: Wimbledon Village and the bustling town center. Wimbledon Village, located at the top of the hill, is highly sought-after. It exudes charm with its traditional pubs, boutique stores, and chic cafes. The village offers a blend of tranquility and convenience, appealing to those who desire easy access to the city while enjoying the unique character of a village setting.

One of the highlights of Wimbledon Village is the weekly Sunday market, which attracts the local community, including young families, sports enthusiasts, and retirees. During the Wimbledon tennis tournament, the village takes on a festival spirit, with highly decorated shops and businesses creating a colorful and vibrant atmosphere. Wimbledon truly offers a unique living experience, combining the best of city convenience with the charm of a village ambiance.

Conclusion

Living in Wimbledon offers numerous benefits for house buyers. The neighborhood’s housing market has seen significant growth, making it an attractive investment option. Renting out properties during the tennis season provides an opportunity for homeowners to earn substantial income. The presence of outstanding schools further enhances the desirability of the area for families. Wimbledon‘s vast green spaces and outdoor amenities make it an ideal destination for those seeking an active lifestyle. Lastly, the village ambiance adds a distinct character to the neighborhood, creating a sense of community and charm. All of these factors contribute to Wimbledon‘s appeal as a place to call home.