As the location of the historic All England Lawn and Tennis Croquet club, Wimbledon has played host to the iconic tournament since 1877.
It is estimated that the Grand Slam event draws around 500,000 people to the area every summer. Wimbledon itself sits within the London Borough of Merton, which is home to over 200,000 residents and 80,000 households.
But what are properties prices like in the area and how do they compare to the rest of London and the UK?
According to specialist prime property finance firm CapitalRise it depends on which part of Wimbledon you are buying.
It revealed the average price of a home in the highly exclusive Wimbledon Village area is £1,136,579 – over four times the UK average, which is £286,489.
Wimbledon homes in general sit at roughly double the valuation of the average for the borough, which is £579,749. This figure itself is marginally above the London average of £533,687.
According to Rightmove, Wimbledon was the most searched area in London last year. It even beat other favourites such as Chelsea (8th), Hampstead (13th), and Fulham (15th).
South London performed well overall, with Sutton (2nd), Kingston upon Thames (4th), and Beckenham (7th) also featuring in the top ten.
| UK | London | Merton | Wimbledon Village | |
| Average property price (April 2022) | £276,917 | £521,313 | £553,158 | £1,204,773 |
| Average property price (April 2023) | £286,489 | £533,687 | £579,749 | £1,136,579 |
| YoY price change
|
+3.5% | +2.4% | +4.8% | -6% |
Source: Land Registry UK house price data.
Uma Rajah, CEO and co-founder, CapitalRise, said: “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.
“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% 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.”
