Ace-ing the property market

News at Waterfords | 06/07/2018


The 2018 Wimbledon Tournament is in full swing. Over 1.4 million strawberries and 86,000 ice creams will be consumed, washed down with 330,000 cups of tea and coffee, 110,000 pints of beer and 320,000 glasses of Pimms.

By the time the cork pops on the 29,000th bottle of champagne, a record £34 million will have been awarded in prize money.

790 players will take part in some 674 matches while a suite of new champions to be crowned.

At £34 million, the prize fund for Wimbledon has risen by 7.6% since 2017, virtually double the current annual rate of house price growth (3.9%). The winners of the singles Championships will both be presented with a cheque for £2.25 million.


If the players are looking to invest their winnings in residential property, the prize money will go a long way. All but 0.3% of all property sales over the last year have been over £2.25 million, while all but 1.4% of sales sold for the runners-up budget of £1,125,000.

As an aside, just eight Wimbledon championships have taken place without any rain interruption. Will the umbrellas be needed this Wimbledon fortnight? It really doesn’t look like it!

So, what could the Wimbledon winners get for their prize money in the Waterfords area? 

They could use their winnings as a very healthy deposit or they could cash buy the following properties…


The overall £2.25m winner could cash buy this stunning residence in the heart of Camberley with enough change left over to put their stamp on it:


 

The £1.125m finalist could find themselves a splendid Edwardian villa with bags of space on a large plot in Church Crookham, Fleet:


 

The £562,000 semi-finalist could bag themselves a charming new build home in the idyllic Hampshire village of Bentley, a stone’s throw from the Market Town of Farnham:

 

To finish, the £281,000 quarter finalist could invest in an ideal buy-to-let property in the centre of Camberley, making the most of their price money in rental market:


 

Wherever you are in the process of moving, Waterfords are always happy help. Whether you would like a free, no obligation market appraisal or just some advice on current property market conditions, our friendly team would love to hear from you.

Call: 01252 235348 or email: contact.centre@waterfords.co.uk