Debate over the fall-out from Brexit, and in particular its impact on the value of property in Wimbledon Village and the surrounding area, will continue long after Britain’s departure from the EU is confirmed at some point in 2018.
This result of the referendum, however, will have little effect on the lifestyle that homes in Wimbledon Village offer. In fact, data published by the BBC reveals that of the 100,106 votes cast in Merton, 62.9% were in favour of Britain remaining in the EU.
A range of opinions have been voiced about the impact of Brexit on the housing market in Wimbledon Village, Coombe, Kingston Hill and Southfields. Some property professionals are saying history teaches us that changing markets provide opportunity.
On the other hand, British Property Federation chief executive Melanie Leech says: “We now face a prolonged period of uncertainty.”
But she adds: “We may see a short-term ‘bounceback’ in transaction volumes, as those who have been waiting until the referendum is over make their move.”
Whatever the impact of the referendum on the property market in Wimbledon – and the truth is nobody can say with any certainty what it will be – Robert Holmes & Co is confident that luxury homes in this corner of south-west London will remain in demand.
Why? Because young professionals and families buy and rent in and around Wimbledon Village because it offers the perfect mix of peaceful tranquillity, Ofsted-rated schools and is just 20 minutes from everything that makes London great in the eyes of the world.
Unlike other parts of the EU, London is not yet noted for its growing number of outdoor restaurants offering views over the capital’s skyline in addition to award-winning food.
If you need to escape debate about whether the falling value of the pound will encourage overseas investors to snap up property in Wimbledon Village or whether a further cut in the Bank of England’s base rate will further lift the value of your home, Robert Holmes & Co picks three outdoor restaurants that match your lifestyle.
OXO Restaurant, Bar and Brasserie
Where? Barge House Street SE1 9PH
The brasserie and cocktail bar at this Southbank landmark boast stunning views across the Thames to Charing Cross and the City of London. One half of the outdoor terrace is given over to dining, but the other half is available to guests using the bar.
While heading towards the terrace, don’t miss out on the interior which blends some of the venue’s original design elements with strikingly modern touches. But arrive early because outdoor dining is only offered on a first come first served basis.
Rooftop Retreats at John Lewis
Where? 300 Oxford Street W1C 1DX
The rooftop at John Lewis on Oxford Street has been transformed and during the summer is hosting pop-up restaurants and a coffee bar, which all share the space with a garden that supplies the fruit and herbs for the bespoke cocktails. And after letting the food – which includes Cornish cod, Welsh lamb, award-winning lobster and deserts finished off with the kitchen’s own rooftop honey – go down, why not take part in the yoga sessions on offer?
Where? The Roof Gardens, 99 Kensington High Street W8 5SA
Set 100ft above London, The Grade II-listed Roof Gardens first opened in 1933 and are divided into three distinct areas – Spanish, Tudor and English Woodland. Noted for their four resident flamingos, the gardens are just part of the attraction at this 21st century venue.
The award winning food on the menu at Babylon uses the freshest, seasonal ingredients and includes dishes such as braised beef cheek, confit salmon supreme, halibut with English asparagus and date pudding.
If it’s just a drink you’re after, cocktails are served on the Babylon Terrace that offers some of the best views over London’s world-famous skyline.
Before heading off to enjoy the gastronomic delights at any of the outdoor venues we’ve picked out for you, here’s something to chew over…
If the UK’s upcoming notice to quit the EU is making you think about leaving Wimbledon Village or the surrounding area, two sets of new statistics reveal the importance of obtaining an accurate valuation of your home before putting it on the market.
Just 13,168 owners of property in London put their home up for sale between the start of 2016 and the week of 10 June. But during that same period of time 6181 property owners whose home was listed by an estate agent reduced their asking price, according to data firm Lon Res.
It takes between nine and 11 weeks to complete a property sale in Wimbledon Village when its asking price reflects the home’s condition and the current state of the market.
Our experienced property professionals, who have an in-depth knowledge of the local market in Wimbledon Village and beyond, are ready to give you an accurate valuation of your flat or house. For more information, get in touch with Robert Holmes & Co today. You could be surprised how much your home is worth on the open market.