Winning Wimbledon should just about buy you a house in SW19
We can but dream. The world’s most famous tennis Championships were due to start on Monday 29 June this year, but even though the lockdown is easing the Championships are still cancelled. A shame really, because with the men’s and ladies’ winner’s prize being £2.35million each that’s close to the average price of a detached property in Wimbledon’s prestigious postcode.
The top prize would also enable buyers to purchase the average two bedroom flat in nearby Kensington’s W8 postcode (£1.97 million) or a total of eight averagely priced homes across the UK.
Research published by Property Investor Today revealed that even the losing player in a singles final at Wimbledon receives the consolation prize of nearly £1.5million, comfortably enough to cover the cost of a semi-detached home in neighbouring Richmond.
Zah Azeem, Partner at Scrivener Tibbatts said, “Whilst buying a property with your winnings from a Wimbledon win would be a pretty sound investment, getting onto the property ladder for most people is far from a game. But you don’t need to win Wimbledon to live here.
“The residential property market here in South West London is still providing good value for first time buyers, many of whom are buying with friends.”
Semi-finalists earn £562,000, which would buy two averagely priced UK homes or a detached abode in Brighton (£555,000).
The prize fund for a quarter finalist in the tournament, meanwhile, is still a respectable £281,000, which would easily pay for the price of an average detached home in Durham (£255,000). A fourth-round exit is made easier by prize money of £163,000, exactly the right amount for a flat in Leeds.
While nobody wants to crash out in the first round, this blow is softened by the £39,000 players receive, enough for a beach hut – with a sea view – in Seaford, East Sussex.
If you’re missing your tennis here are seven fun facts about the Championships, courtesy of The Sun: https://www.thesun.co.uk/sport/tennis/11184959/wimbledon-cancelled-coronavirus-latest-updates/
If you would like to discuss this or something related to a valuation please contact zah@scrivenertibbatts.co.uk or call 020 8947 7040.
