Analysis by Nested, the fashionable property agent, reveals that whereas Wimbledon home costs have didn’t serve up a major enhance over the past yr, the world well-known venue stays the grand slam tennis champion in relation to the home value premium properties command, acing the opposite grand slam venues within the calendar.
Nested analysed home costs surrounding every of the 4 tennis grand slam venues around the globe, how they’ve carried out over the past yr and simply how way more a house inside shut proximity of those venues will price you when in comparison with the broader areas by which they’re located.
The analysis reveals that the property market hasn’t carried out notably strongly throughout the Wimbledon Village postcode of SW19 over the past yr. Home costs surrounding the world well-known tennis venue have elevated by simply 1%.
It’s, in actual fact, the sixteenth arrondissement of Paris – house to the French Open – that tops the desk, with home costs climbing by 2% over the past yr.
With a present common home value of £743,482, the French Open additionally outperforms Wimbledon in relation to total home value, though the common house within the SW19 postcode nonetheless instructions a decent £664,999 right now.
Nevertheless, it may very well be worse for WImbledon adjoining householders. Home costs in Richmond Park, house to the Australian Open, are down -2.5% within the final yr. Whereas Flushing Meadows Corona Park, host of the US Open, has seen property market values climb by simply 0.5% over the past yr alone.
And there’s some excellent news. When evaluating grand slam venue property values to the broader areas they’re situated in, Wimbledon does sit prime of the tennis property desk.
The present common home value of £664,999 inside the SW19 postcode is a notable 14.7% larger than the broader common for the borough of Merton.
The Australian Open ranks second on this respect, the place properties surrounding Melbourne Park command 13.5% greater than the broader common home value in Melbourne.
Nevertheless, if it’s grand slam affordability you’re on the lookout for, properties surrounding Flushing Meadows Corona Park at present command a median of £400,714 an enormous -21% lower than the broader price of buying in Queens, New York.
Alice Bullard, Managing Director at Nested, the fashionable property agent mentioned, “The London property market has been largely dormant for the reason that begin of the pandemic market growth and whereas no tennis Grand Slam location has carried out notably strongly, Paris has edged forward of London in relation to each the annual price of development and total home value energy.
Nevertheless, in relation to which is probably the most prestigious property market, Wimbledon stays the world primary, with the home value premiums commanded within the SW19 postcode sitting forward of the remainder.”