Wimbledon property is a perfect match for CapitalRise
Wimbledon is not only a smash hit during the tennis Championships, as CapitalRise research shows that the area is hot property all year round.
With the world-famous tennis event now in full swing, the prime property lender has analysed how this enclave of South West London ranks in the UK property market.
It cited data from Rightmove which revealed that Wimbledon was the most searched area in London last year, beating Chelsea and Hampstead.
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The average price of a home in the highly exclusive Wimbledon Village stands at just over £1.36m, which is over four times the UK average of £286,489, according to Land Registry data compiled by CapitalRise.
Meanwhile, Wimbledon homes have an average price tag of £579,749.
“Wimbledon captivates the attention of spectators and press from across the world for its sporting drama, but it also shines off the court for its property portfolio,” said Uma Rajah, chief executive and co-founder of CapitalRise.
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“Wimbledon Village effortlessly blends city and country life, offering detached Victorian properties with large gardens and a 30-minute commute to the City. With a theatre, common, and an array of top-rated schools, it is easy to see why this corner of south London is a firm favourite among families.
“The wider London property market continues to perform well, with the average property valuation a very healthy 60 per cent above the UK average. The top-end of the market continues to shine, with the capital recording an average of three super-prime £10m+ property sales per week in the last financial year, establishing the highest total (161) since 2016.
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“As a prime real estate lender with a focus on top quality property assets in highly desirable locations with strong perennial demand, we naturally love to support projects in Wimbledon. We have provided the finance for various projects in the area since our foundation in 2016 – in fact, it is rare for us not to be funding at least one Wimbledon development at any point in time, which is testament to the appeal of the area.”
The Wimbledon Championships have been hosted at the All England Lawn Tennis and Croquet Club, Wimbledon, since 1877.
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