Is Wimbledon really a game of two halves?

When a landlord who has invested in rental properties throughout Wimbledon asked me about the property market in our town and the village, what we found out about the differences in property values was quite interesting.

Over the last four hundred years the Wimbledon story has remained unchanged. It is an area that, due to its proximity to both the City of London and its rural recreational activities, attracts wealthy upper class families.

Comparing the 1851 census with the 1901, the population grew fifteen fold in 50 years. This resulted in building of many Victorian Villas and terraced houses in the SW19 area, and particularly around Wimbledon Common. Many of these have converted into flats, and this is traditionally is where the most expensive property is located.

The overall average value of a two bedroom property in Wimbledon is £527.100 which is £10.100 below the average of its neighbouring village of £537.200. The most expensive street in Wimbledon Village is Camp Road where an average property is worth in excess of £7.295.045 The most expensive property was a lovely 7 bedroom detached house which sold last year for a tremendous £8.500.000.

To better understand the investment opportunities available, we took a look at the rent achieved on a two bedroom property over the last year in both Wimbledon Village and town. The average rent achieved in Wimbledon is £1350 where as in the village, the average rent is slightly higher, at £1500. When you consider the rents achieved in both areas, this gives us an almost identical yield (or the annual rent as a percentage of the value of a property) of 3% per year. We found that both town and village to be as good as each other, which we would not have established without the additional research.

However, yields are not everything in property investment. Another factor you should also consider is how much the value of the property goes up in the long term. Looking at the Wimbledon property market in more depth enables us to give you the best advice and help you to find the best investment property.

Two bedroom flat – A perfect buy-to-let

For investors who have little time on their hands and are looking for investments that are in a good liveable conditions and are ready for immediate occupation, I was searching the market for such a property and came across this lovely flat that needs no work and is in a popular and desirable location. 

This little gem of a flat is just a short walk to Colliers Wood station and inside has been finished in a contemporary style with wooden floors throughout, neutral decor and fitted kitchen, making it just the ticket. 

It is on the market with Ludlow Thompson for £350,000 with no chain and a long lease, this flat could achieve rent in the region of £1300, giving you an annual return of nearly 4%! Viewings are highly recommended.

http://www.zoopla.co.uk/for-sale/details/36608432

 

Colliers Wood - A great investment flat with a 4.5% yield

Looking through the property market, I saw this this one bedroom first floor flat just a short walk from Colliers Wood High Street and moments away from both Colliers Wood and Tooting Broadway tube stations. These Victorian conversion flats are very popular with professionals seeking  an abode. Looking inside, this handsome property has wooden flooring, a contemporary open plan kitchen,neutral decor and a full width Juliette balcony.

On the market with our friends Grace Miller, with a purchase price of £315.000 and an achievable rent around £1200 per calendar month, yields could potentially be around 4.5%. Also these Victorian homes close to Colliers Wood station have always shown great capital appreciation over the last few years.

If you are looking to purchase a buy to let in SW19 or maybe this one has caught your eye and you would like a second opinion, then please feel free to contact me on 020 8947 6613. I am more than happy to help.

http://www.zoopla.co.uk/for-sale/details/36505054

             

                           

                           

                            

                           

                           

Property value in Wimbledon has risen 20.5%

Over the last 2 years the average property value in Wimbledon has risen by 20.5% from £617.391 to £743.967 or £1217 per week

I was contacted by a landlord last week from Colliers Wood who wanted to know more about Wimbledon and Kingston property market. Having properties in all three areas, it was then interesting to compare the increase in property values in the different areas.

With Wimbledon property values rising by £1217 per week, Kingston has had a slightly lower average increase in property values, at around £946 per week. Whilst Colliers Wood has had an even lower rise of an average of £540 per week.

This gets more interesting when you consider these weekly figures only tell half the story. Whilst prices have gone up by £1217 per week, it represents an average growth of 10% year on year.

Nonetheless, seeing a rise in average property values suggests the market is recovering steadily in our areas, but especially Wimbledon.

When considering this, yeilds can be in the order of 3% to 4% per year, depending on where you buy. Combine that with steady rental growth and an impressive increases in capital values of the properties themselves, then this could be a good time to invest in the property market as Wimbledon property values start to rise.

Whether you are a landlord or someone thinking of investing in the rental market for the first time, We are certainly more than happy to offer our advice and opinion on your potential investment.