Wimbledon might be cancelled, but it still aces the competition on property prices

June 30, 2020

While many of us will have been gearing up for two weeks of tennis this weekend, London lettings and estate agent, Benham and Reeves, has looked at house prices around the now cancelled Wimbledon venue and how they compare to the other majors in the tennis calendar.

For the most affordable property within reaching distance of a major venue, tennis fans should head to Melbourne. Melbourne Park, home to the Australian Open, is also home to an average property price of £327,232 within the surrounding area. The area also represents the biggest bargain when compared to the wider city, with prices -20% lower than the Melbourne average.

The US Open is the next most affordable location for tennis fans, with the average house price surrounding Flushing Meadows Corona Park currently coming in at £474,099. Again, this is -10% more affordable than the average house price in New York City as a whole.

Across the 16th Arrondissement of Paris, home to the French Open, the current average house prices is a respectable £690,724, 4% higher than the average property price in Paris.

However, there is one clear winner when it comes to the cost of buying around a major tennis venue. The current average price of homes listed for sale in the Wimbledon SW19 postcode comes in just over the one million pound mark (£1,018,723).

Not only do Wimbledon property costs come in 47% higher than the 16th Arrondissement of Paris, but they’re also some 112% higher than the current London average.

Major
Location
Average house price
Average house price (in £)
Difference to Home City
Wimbledon
£1,018,723
£1,018,723
112%
£481,645
£481,645
French Open
763,125 EUR
£690,724
4%
735,000 EUR
£665,267
US Open
588,000 USD
£474,099
-10%
New York City
652,307 USD
£525,949
Australian Open
590,000 AUS dollars
£327,232
-20%
Melbourne
706,000 AUS dollars
£391,569

Properganda PR

National and local media coverage for property businesses. Journo quotes delivered in minutes.

You May Also Enjoy

Rightmove logo
Breaking News

Back-to-school buyer bounce outpaces typical September uplift

New real-time analysis from the UK’s largest property platform Rightmove reveals that buyer demand received a stronger than usual back-to-school boost during the first week of September Buyer demand increased by 5% during the opening week of the month, significantly higher than the average increase of 0.4% seen over the same period during the last…
Read More →
Letting Agent Talk

8,500 tenanted homes currently on the market

8,500 tenanted homes currently up for sale as TLP highlights importance of clean client money handovers   More than an estimated 8,500 homes are currently being marketed for sale with tenants in situ across England, according to the latest analysis by The Letting Partnership, presenting landlords with the opportunity to acquire an investment generating rental…
Read More →
Estate Agent Talk

Which property types take the longest time to buy?

From complex flats and shared ownership homes to new builds and unusual titles, Lyons Bowe reveals which properties can create the biggest conveyancing workload   The latest insight from Lyons Bowe has revealed which types of property are most likely to require the largest and most complex conveyancing workload, potentially adding more stages to the journey…
Read More →
Commercial Agent Talk

Building Site Accidents and Compensation: A Guide for Injured Workers

One mistake, one faulty piece of equipment and an unsafe working setup could cause a construction laborer much more than just aches and pains. One injury can result in medical costs, showing up on working days, reduced income and a path to long recovery. Under certain circumstances, the workers may be entitled to get compensation…
Read More →
Estate Agent Talk

First-Time Buyers: Why 4–5 Houses is the Sweet Spot

House hunting before the stress kicks in: Four to five houses is the sweet spot for first-time buyers Just 20% of us feel excited on a first property viewing, rising to 47% by viewings 4 to 5 There’s a U shape trajectory of excitement when it comes to the viewing process However, there is a…
Read More →
Breaking News

Two in five mortgage holders switched banks for a better mortgage deal

Of those who have a mortgage and switched banks, 41% did so to get a better mortgage rate deal and 30% did it to receive an incentive related to their mortgage Only 15% of people moving home switched their bank account during the move, while far more switched broadband (46%), energy (38%), and mobile phones…
Read More →