Wimbledon is a district of south London and is located in the London Borough of Merton. It is internationally known as the home of the Wimbledon Tennis Championships which brings in huge numbers of tourists every summer and the prominence of the area helps to boost its affluence.
The types of property for sale in Wimbledon are varied, with some even falling into the John Innes Conservation Area in Merton. There is a strong demand for homes in the area, particularly for the larger properties found in Wimbledon Village and Wimbledon Park. There is now a great mix of grand Victorian properties, modern housing and low rise apartments.
Wimbledon is ideally positioned for convenient access into central London but still enjoys a wide range of recreational facilities and green spaces. With a population of over 68,000 there is a great demand for homes leading to strong levels of property investment in Wimbledon.
Wimbledon itself is split into two areas known as the Village, which is the old High Street area, and the Town which has developed over the years. With the damage to property in Wimbledon that was created by the Second World War many of the large Victorian properties in Wimbledon Park were either sub-divided into apartments or demolished and replaced by apartment blocks. Local authority estates were also constructed around the area to house those who had lost their homes.
Wimbledon is a very well connected area, with Wimbledon Station serving as a junction for services from the District line. It acts a National Rail, London Underground and Tramlink station. There are also Underground stations at Wimbledon Park and South Wimbledon, and the Wimbledon Chase railway station and Raynes Park railway station connect to places such as London Waterloo.
The price of property for sale in Wimbledon has seen a 15% rise in the last five years, leading to an average property price of over £700,000.
This has risen by £470,000 since 2000 and is reflective of the typical price trends in the London area. The strong demand for properties for sale in Wimbledon and particularly in the more desirable areas has seen prices rise to some of the highest in the whole London area.
Property investment in Wimbledon can be profitable, as a four bedroom house can command a rent of £795 per week.
Some of the highest value streets in Wimbledon include Highbury Road, Burghley Road, Marryat Road, Parkside Gardens and Lancaster Gardens to name just a few.
In 2012 the businesses of Wimbledon voted for an introduction of a Business Improvement District to help boost the commercial and business elements of the area.
Wimbledon Common is one of the largest areas of common land in London.
As home to the infamous Wombles of Elisabeth Beresford’s books, it also one of the most well known green spaces and plays host to Wimbledon BookFest every October.
The oldest tennis tournament in the World is held annually at the All England Tennis Club in Wimbledon. The development of Centre Court near to the train station helped to revitalise the commercial area which had previously struggled to compete with places such as Kingston and Sutton.