With the tennis season soon to start, online estate agent eMoov has crowned Wimbledon as the winner of the property Grand Slam.
While properties surrounding majors in the tennis calendar have benefited from inflated prices, Wimbledon has been highlighted with the largest average house price.
According to eMoov.co.uk, the average property price in Wimbledon sits at a staggering £745,000 – a steeper price than the London average, despite a 3% drop over the last year.
eMoov stated that this was largely due to properties being in close proximity to the famous tennis venue - that and the easy commute to London.
“It’s not too surprising property around Wimbledon comes out on top in terms of price,” commented Russell Quirk, Founder and CEO of eMoov.
“Although all major cities command a higher price where property is concerned, it just demonstrates how out of control the London property market has become.”
The online estate agent also highlighted that since Djokovic won last year, the average house price is just under £1.4m in Wimbledon Village – by far the most expensive of the four tennis Grand Slam locations.
“Property in the capital is now so expensive, it makes sense for Wimbledon home owners to take advantage of the fortnight demand and cash in,” Russell added.
Wimbledon’s flats also fetch an average of over £400,000, where tenants can expect the average monthly rent to be as high as £2,800.
“For the average homeowner, the only way of affording a property in Wimbledon Village, would be to win Wimbledon itself.”
Properties in proximity to other majors such as in Fitzroy Victoria, close to the Australian Open, which came in second with prices setting owners back £650,000 on average.
Melbourne properties have also boasted a 4.5% increase over the last 12 months.
The average house price in the 16ème arrondissement, the Parisian location of the French Open, can also grab an easy £421,000, with some houses fetching around the £4m mark.
Coming close behind are the New York properties near the U.S Open, where average prices are around £400,000. However, New York has benefited from a 4.3% increase over the past year, taking the average property price to nearly £790,000.
Sports have had a dramatic effect on the property market this year – to read about how the FA Cup has boosted property prices near winning clubs, click here.
With the tennis season soon to start, online estate agent eMoov has crowned Wimbledon as the winner of the property Grand Slam….



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