The average value of a home in Wimbledon Village is more than 280% higher than the London average, according to one house price index.
This follows a study published by the mortgage lender Lloyds Bank that reveals property prices in the capital have gone up 55% since June 2011 to hit an average of £540,440.
The findings also reveal that buyers moving to a new home in the capital put down an average deposit of £192,133 towards the purchase of their next property.
Rightmove’s August House Price Index, however, delivers better news for property buyers in Wimbledon Village and the surrounding area.
It shows London house prices fell 2.6% in the last month to take the average price of a Wimbledon Village home to £1,546,553. The slight drop is blamed on uncertainty over the result of the EU referendum and the traditional summer slowdown hitting the capital’s property market.
Rightmove housing market analyst Miles Shipside comments: “The European Union referendum meant an earlier start to the summer lull, as buyers hit the pause button ahead of the June poll.
“But the result has since encouraged hundreds and thousands of house hunters to search for potential bargains, he adds.”
Meanwhile, a third set of data shows rents in London have fallen annually for the first time in nearly six years.
At an average of £1280, monthly new lets in London are around £7 cheaper in July than a year earlier.
The research also shows 11% of homes in the capital were let for more than the asking price in July, down from 32% in July 2015.
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