The 134th Wimbledon Championships is underway, a suite of new champions set to be crowned in a glorious weekend of sporting action. Today, for a bit of fun, we are looking at the properties a plater could afford depending on how far they progress in the competition. While the average price of a property across England and Wales has risen by 10% since 2019, at £35 million the total prize pot for Wimbledon is 11% lower. If players seek to invest their money, in property terms their prize money goes a long way. All but 0.6% of property sales over the past year have been within the winners budget of £1.7 million, all but 3.2% sold for the runners-up. Even for those exiting in the 4th round, 30% of the market across England and Wales sold within their £181,000 prize pot. Source: Dataloft, UKHPI, Land Registry, based on sales June 2020 to May 2021 Single’s winners.
Calling All Players!
So to all you players who have exited at the fourth round and higher, why not contact us (lol)? Rental property is still very much in high demand and we are constantly in need of more places for waiting tenants! As things stand we are not even advertising the majority of properties as we have a large register of tenants who we have got to know and have a high level of confidence in. Not only does this mean you will have a less stressful let, it also means we can minimise the amount of time your property stands empty! On average, we have roughly 5-10 viewers for every property we take on the market!! We also offer excellent rates and, where we don’t have to advertise the property, we offer substantially reduced letting rates!
For a shortened view of our blog, please check out our Facebook page for fun, up-to-date posts on the property market, as well as more in depth insight into the market. Click here to see and follow!