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.