The benefits of living in Wimbledon Village extend far beyond the fact that the value of property in this exclusive corner of Merton has been rising for the past five years.
Buying a home in Wimbledon Village is, however, as much of a lifestyle choice as it is a financial investment.
From the chic shops, cafes and restaurants on the Village High Street to the nearby excellent local schools and good transport links to central London and the Surrey countryside, it is no wonder family homes with large gardens in easy reach of Wimbledon Common are in demand.
In fact, the appeal of Wimbledon Village to growing families has helped it avoid the downturn in house prices that prime central London has experienced.
How much is my home worth? This is a question put to the property experts at Robert Holmes & Co on a regular basis.
It is worth bearing in mind that the value of any home in Wimbledon Village and beyond is dependent on a wide range of factors. These can include the property’s size, type, location, condition, who owns the freehold and even the time of year the property is put up for sale.
To give homeowners in Wimbledon Village an indication of how much their property could be worth, Robert Holmes & Co looks at the data in the latest UK House Price Index covering Merton.
As a leading independent estate agent in Wimbledon Village, Robert Holmes & Co is aware the UK HPI is not the only measure of local property values.
The UK HPI also takes into account transactions involving cash and mortgages to calculate changes to values compared with the previous month and the same time 12 months earlier.
Here, Robert Holmes & Co looks at the latest data from the UK HPI for the whole of England and the London borough of Merton.
Average annual price UK: June 2016
According to the UK HPI data for August, which covers transactions that were completed in June, the average price of a home in Merton now stands at £514,595 – 1.24% higher than the figure for May and an impressive 15.48% up on June 2015.
Detached houses in Merton sold for an average of £1,435,036 in June – a 0.63% increase on May and 13.65% more than in June 2015.
It should be noted that the average value of properties in Wimbledon Village is considerably higher than other parts of Merton. The latest Rightmove house price index puts the average sold value of a detached property in Wimbledon Village at £3,197,351.
In the whole of England, the UK HPI puts the average sale price of a home in June 2016 at £229,383. This is 0.8% higher than the previous month and 9.3% more than average values in June 2015.
To discover how much your home in Wimbledon Village could be worth on the open market, contact Robert Holmes & Co today.
After registering your details, a property expert from Robert Holmes & Co will come to your home, provide the most accurate valuation and explain how we will best market the house or flat so it achieves the highest possible sale price.