To the southwest of London is one of the worlds most well known suburbs-Wimbledon. Located in the borough of Merton the town made famous for its summer tennis championships has also become a popular location for residents and businesses.
James Morrison, head of residential sales at Savills Wimbledon speaking to Global Mansions:
“It’s a very friendly, nice place to live,”
“There are swift links into London and it has good restaurants and cafes and schools. Once people move here, they tend to stay, either downsizing or upsizing within the area.”
Mr. Morrison adds that many of the new residents tend to be former residents from Chelsea, Notting Hill, South Kensington and Fulham having sold their homes for £2 million to £3 million.
“They want to keep the good links into Central London but also get a detached property near to good schools.”
The private schools most popular for local children include the independent day school King’s College School for boys and girls and the independent girls school Wimbledon High School.
What makes Wimbledon a popular residential location is the easy 30-minute commute to London city centre. The local Tube station (Zone 3) is on the District line and a National rail service that can get you to to Waterloo station in about 18 to 20 minutes.
Homes tend to be larger in Wimbledon with Rightmove reporting in 2017 that the average home price in Wimbledon Village can fetch £1.8 million and detached homes averaging £3.7 million.
Wimbledon has essentially two parts-Wimbledon Village and the town itself. The Village, postcode SW20, is known for its established large Victorian homes that tend to be the most expensive properties. The most desired Victorian homes in the Village can be found on the roads between Ridgway and Southside Common. New homes have been built but mostly in Edwardian,Victorian period and contempory styles.
James Morrison of Savills told the Evening Standard (ES):
“Prices per square foot are comparable to areas like Putney, Fulham or Clapham at around £1,300, especially close to the village.”
Mr. Morrison also stated that Wimbledon residents tend to stay for longer periods in comparison to other London suburbs and houses for sale in the Wimbledon can be hard to find.
One popular location known as The Grange has had recent listings on Zoopla as a :
‘A well presented bright and airy top floor apartment with a lift in the heart of Wimbledon Village just a short walk from the Common and the High Street with the benefit of resident's parking for £1,100,000.’
And another listing from 2017 for The Grange for £6,450,000 described as:
‘A substantial period house in one of the most sought after locations in Wimbledon Village occupying a lovely 0.3 acre plot with a large garden which was originally a grass tennis court.’
Mansion Global (MG) has reported that one-bedroom apartments :
‘...start from between £450,000 and £470,000 (US$584,000-US$610,000) and go up to £650,000 (US$843,000), according to local agents.’‘
A semi-detached house with four to five bedrooms costs between £2 million and £5million (US$2.6 million and US$6.5 million).
’‘Detached houses are generally priced from £2.75 million to £6 million (US$3.6 million toUS$7.8 million).’
Another exclusive location known as a Millionaires’ Row is Marryat Road and Parkside with MG reporting property values on average:
‘£10 million (US$13 million). Marryat has some of the village’s biggest homes, with prices ranging from £6 million to £7 million (US$7.8 million to US$9 million).’
To date the most expensive home sold in Wimbledon was The Old Rectory House. The original listed price in 2012 for the property was for £26 million but sold in 2013 at a discounted price of £17.5 million.
The rental market continues to be robust thanks to relocations to the area by corporations including Samsung and Sony. The ES reports that:
‘Rentals can command £2,500 per month for a two-bedroom flat up to £6,000 per month for a large family home.’
Residences that are in close proximity to the All Lawn Tennis Club are often advertised for rentals for the two week championship event. Warren Appleton, an associate of John D. Wood in Wimbledon told MG:
“We know of one house that is usually let for £3,000 a month which is rented to a tennis player for £1,000 a day during the tournament.”
James Morrison, head of residential sales at Savills Wimbledon, also stated: “If something is worth £4,000 a month, then the homeowner can usually get that in a week.”