Wimbledon SW19 Property – Do you know the Facts & Figures?

One of the final portions of census data has recently been released by the Government, and for those of you who like to look at data, it is a treasure trove of information. Information is so important when making decisions on what (or not) to buy when investing in property. Such information allows us to weigh up potential hotspots in the rental market and show potential landlords where there could be an opportunity.

Therefore, I looked at Wimbledon SW19 as whole. There are over 83,000 people living in 32,895 properties, but it is the home ownership percentages that really got me interested. As it is this information, tied in with our intimate knowledge of the market, where we can match tenant demand to an under supply of rental properties. In Wimbledon SW19, of those 32,895 households, 24% own their property without a mortgage and additional 29.5%  of households own their property with a mortgage.

However, the surprising thing was the high level of private rented properties. Normally, when you have high percentages of home ownership, the renting is low. Quite the opposite in this area where 32.5% (or to be exact 10,713 households) are in the private rented sector. With such excellent demand from homeowners and tenants, this could be the right area to purchase your next buy to let investment, especially some of the one bedroom flats are achieving yields in the 3% to 4% region and Wimbledon property values always perform well over the long term (as you recall last month, we said that Wimbledon property values had risen by 20.5% in the last two years).

If you are a landlord new or old and considering buying a property for investment in the near future, I am certainly more than happy to give my considered opinion on what you want from your investment.