Wimbledon is a desirable area of London, known for its leafy streets, excellent transport links and proximity to the city. It’s no surprise that property prices in the area are some of the highest in the UK. But what can you expect to pay for a home in Wimbledon?
The average house price in Wimbledon is currently £743,000, according to the Land Registry. This is significantly higher than the London average of £482,000. This means that buying a property in Wimbledon is likely to be out of reach for many people. However, there are still some more affordable options available.
The most expensive areas of Wimbledon are the central parts of town, such as Southfields and Raynes Park. Here, you can expect to pay upwards of £1 million for a two-bedroom flat. The more affordable areas are further out, such as Colliers Wood and Merton Park. Here, you can find two-bedroom flats for around £500,000.
When it comes to renting, the average rent for a two-bedroom flat in Wimbledon is currently £1,800 per month. This is slightly higher than the London average of £1,600 per month. However, rents vary significantly depending on the area and size of the property.
Overall, Wimbledon is an expensive area to buy or rent a property in. But with careful budgeting and research, it is possible to find more affordable options. Whether you’re looking to buy or rent, it’s important to do your research and understand what you can expect to pay for a home in Wimbledon.