What type of property performs the best in Wimbledon?

Wimbledon is a popular suburban district of London attracting all types of property hunters in our town. Fortunately, just about every preference of accommodation can be catered for. From highly desirable detached houses to late Victorian terraced house and modern luxury flats and apartments dotted around the town.

A good guide to judge what types of property performs the best is knowing what types are actually selling. Let us look at what has happened over the last twelve months in particular, this will give us a good indication of the saleability of the different types of property in SW19.

Between May 2014 and May 2015, 1,090 of the 35,374 properties actually sold in Wimbledon SW19.  The best performing type of property were flats and apartments with an average sale price of £413,000. 586 flats and apartments changed hands in the last year, representing 53.8% of the property sold. When you consider 50% of the housing stock in SW19 are flats and apartments, this means they have done very well.

In second are terraced properties, representing 28.6% of the sales. Nonetheless, terraced houses only but respectably make up 31% of the property in Wimbledon. Once again, good news for all terraced house owners.

Of the 3,995 semi-detached houses in Wimbledon, 82 properties changed hands in the last year. Whilst 31% of the housing stock are semi-detached houses, they only represented 7.5% of the sales.

However, its the detached properties that performed the worst in the last year. Out of 1,588 detached houses, only 35 properties changed hands, representing 3% of the sales. On the other hand, detached houses only make up 4.49% of the housing stock in Wimbledon.

What does this mean for property owners in Wimbledon? It means that there is a fairly even property market in Wimbledon. Most homeowners start with a terraced house, then aspire to move to semi-detached houses. If finances allow, they move to a detached property. With half of Wimbledon properties being flats and apartments and the majority of them may have been purchased by landlords to rent out to tenants. As a result, this is why these sales are a higher percentage compared to the other property types.