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The Wimbledon effect (and other aspects that add value)

Camping for tickets, strawberries and cream, and the Murray mound - all features that are bound to appear in the press during Wimbledon fortnight. In property circles, however, south west London estate agents are usually asked to comment on an article or two regarding house prices in SW19. This year, our thunder has been stolen way ahead of the tennis event by none other than former court champion and commentator Boris Becker. In his recently published memoir, Becker alludes to the claim that his actual presence alone in SW19 was the reason house price appreciation, after he became the owner of a £7 million house for sale in Wimbledon for approximately six-years. Having a celebrity and one of tennis' most prestigious tournaments in the neighbourhood certainly lends a degree of kudos and desire, but there is no proof that Boris or the actual tennis event adds extra pounds to the value of houses and flats for sale in Wimbledon. Instead, south west London estate agents cite Wimbledon's green spaces, 15-17 minute rail journey into London and good schools as more likely factors where buoyant house prices are concerned. In fact, research by Lloyds Bank claimed that a good state secondary school in the neighbourhood can add as much as £21,000 to the price of an average property. Many families choose houses for sale in Wimbledon purely for the choice of good local schools, which include Wimbledon High School and King's College School. As for transport links, the Nationwide found that homes less than 500 metres from a public transport hub attract a premium of 10.5% - that's almost £50,000 more than an identical home located 1,500 metres from Tube or rail station. Wimbledon benefits from National Rail, Tube (District and Northern lines) and a tram stations, for multiple routes into central London. And while we can merely speculate about the 'Wimbledon effect', there is statistical evidence to back up the 'Waitrose effect' (SW19 has two Waitrose stores - Alexandra Road and Wimbledon Hill Road). Another study published by Lloyds Bank found that homes with a Waitrose nearby cost 12% more than those without a local branch - that's around £38,000 extra.

Camping for tickets, strawberries and cream, and the Murray mound - all features that are bound to appear in the press during Wimbledon fortnight. In property circles, however, south west London estate agents are usually asked to comment on an article or two regarding house prices in SW19.

This year, our thunder has been stolen way ahead of the tennis event by none other than former court champion and commentator Boris Becker. In his recently published memoir, Becker alludes to the claim that his actual presence alone in SW19 was the reason house price appreciation, after he became the owner of a £7 million house for sale in Wimbledon for approximately six-years.

Having a celebrity and one of tennis' most prestigious tournaments in the neighbourhood certainly lends a degree of kudos and desire, but there is no proof that Boris or the actual tennis event adds extra pounds to the value of houses and flats for sale in Wimbledon. Instead, south west London estate agents cite Wimbledon's green spaces, 15-17 minute rail journey into London and good schools as more likely factors where buoyant house prices are concerned.

In fact, research by Lloyds Bank claimed that a good state secondary school in the neighbourhood can add as much as £21,000 to the price of an average property. Many families choose houses for sale in Wimbledon purely for the choice of good local schools, which include Wimbledon High School and King's College School.

As for transport links, the Nationwide found that homes less than 500 metres from a public transport hub attract a premium of 10.5% - that's almost £50,000 more than an identical home located 1,500 metres from Tube or rail station. Wimbledon benefits from National Rail, Tube (District and Northern lines) and a tram stations, for multiple routes into central London.

And while we can merely speculate about the 'Wimbledon effect', there is statistical evidence to back up the 'Waitrose effect' (SW19 has two Waitrose stores - Alexandra Road and Wimbledon Hill Road). Another study published by Lloyds Bank found that homes with a Waitrose nearby cost 12% more than those without a local branch - that's around £38,000 extra.

While SW19 will always have a soft spot for Boris Becker and tennis, Wimbledon's appeal stretches further than sport. If you are interested in property for sale in Wimbledon, or have a house in SW19 you'd like to sell, please contact Winkworth today.

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