Wimbledon offers a taste of town and country, which is much appreciated by its residents, finds Resident Property Editor Karen Tait
At a time when much is being made of the disparity between property prices in the capital and the rest of the country, it’s interesting to note the continuing strength of interest in London ‘villages’ which offer the best of both worlds: a taste of the city and the countryside.
Of these perhaps Wimbledon is the best example. With the Common providing 1,000 acres of green space, independent local shops and businesses adding to the strong community feel, both overground and underground stations, and everything from charming cottages to spacious family homes, it is one of the capital’s shining stars. Not to mention being famous worldwide for its tennis.
‘Few places compare to Wimbledon with its unique blend of London and country living,’ comments Paul Lintott of John D Wood & Co. ‘Residents are within 10 miles of central London, yet have Wimbledon Common on their doorstep. There’s a wonderful mix of old and new in the village and town, with a great range of shops and restaurants. The schools, both private and state, offer high standard educational facilities and, coupled with the excellent transport links, is a big reason many people choose to move to the area.’
Alex Inskip of Kinleigh Folkard & Hayward explains that Wimbledon breaks down into two main areas – Wimbledon Town and Wimbledon Village. ‘The most expensive is the village which offers a range of large period homes set around the Common, ranging from about £650,000 for a two-bed flat to £1,800,000 for a four-bed home,’ he says. ‘As you travel down the ‘slopes’ into the town centre, prices decrease. The most affordable corner is south Wimbledon/Colliers Wood where family houses tend to be £500,000 -£600,000. The most sought-after area for the town centre is around South Park Gardens and Dundonald Park, with prices from £800,000-£1,000,000 for a similar property.
Alex adds that as prices in SW19 have increased, there’s been an increase in people selling up in order to get more space for their money in neighbouring areas such as Raynes Park and Morden, while Wimbledon Chase is seeing redevelopment with a new NHS hospital. retirement home and residential development.
‘Wimbledon has a lovely community feel, with 82% of buyers purchasing their main residence in the area and the majority upsizing,’ comments Clive Moon of Savills. ‘It remains a fabulous place to raise a family, with parks as well as the Common. Kings College and Wimbledon High School are both popular, and it’s close enough to the City with Waterloo only 17 minutes away.’
Jonathan Barrand of John D Wood & Co notes that rents vary hugely throughout SW19, ‘with Wimbledon Village demanding a notable premium, where a typical two-bed flat normally fetches in excess of £1,800pm, while four-bed houses can vary from £3,000 to £10,000pm.’
‘Demand continues to be high and rents steady, reports Jo Davis of Kinleigh Folkard & Hayward. ‘We have seen an increase in the length of tenancies, with over half currently spanning longer than 18 months as tenants look to lock in for longer periods.
‘The predominant styles are Victorian and Edwardian, but we’re seeing a rise in new-build homes such as the Plough Lane development close to Haydons Road overland station and the Ibex development in Wimbledon Park just minutes from the District Line.’
‘British and Western European tenants are the most prevalent in Wimbledon, with international tenants increasingly prominent in higher price brackets, including those families from Pacific Asia and North America,’ says Andrew Clements of Savills. ‘This is reflected in the top reason for renting in the area, which is relocation at 46%.’