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.