The Price of Living near a Grand Slam Venue
As The All England Tennis Club announce the seeds for The Championships at Wimbledon, due to start on Monday 27th June 2016, we take a look at this year’s prize fund and the average property prices near the four Grand Slam venues.
The Prize Pot…
Rising 5% since last year, the total prize pot for Wimbledon 2016 is a whopping £28.1million, with the Men’s and Women’s Singles Champions set to pocket a cool £2million each (a rise of 6.4% from 2015). Although the biggest ever prize pot awarded in tennis, where first-round losers in the singles competition walk away with a £30,000 pay cheque and with the US Open figure expected to exceed this later this year, how far will these prize winnings stretch for athletes seeking to buy property near Grand Slam venues?
House Simple Investigates…
A study from online estate agency, House Simple, compared average property prices near The All England Tennis Club, with the average property prices near the venues for the Australian Open (Melbourne Park), French Open (Roland Garros) and the US Open (Flushing Meadows).
The Results Are In…
Results showed that properties near to the Wimbledon venue were by far the most expensive, with prices in Wimbledon village standing at £1,591,939, demonstrating that you would practically need to win the tournament to buy property here. However, the average property prices across SW19 as a whole were found to be more reasonable at £874,857.
Property prices in Wimbledon village were found to have taken a substantial lead over property prices near Melbourne Park, the venue for the Australian Open, by nearly £1million. Buying property near Melbourne Park will on average set you back £604,932.
The third most expensive Grand Slam venue to buy property near is Flushing Meadows. Situated in the New York City borough of Queens and in prime position to experience the hype and atmosphere of the US Open in one of the most famous cities in the world, a residential property here would set you back on average £466,193.
Located in the 16th arrondissement of Paris, France, are the renowned clay court surfaces which distinguish Roland Garros from other Grand Slam venues. Purchasing residential property near Roland Garros will cost on average £459,957, making it the least expensive Grand Slam venue to purchase property near.
Game, Set and Match…
Although not far off what you can expect to pay for property near Flushing Meadows, property prices near Roland Garros are a far cry from those of the area surrounding Wimbledon, which are at the mercy of the prestige of The Championships at Wimbledon and its all-white dress code.
Alex Gosling, CEO of House Simple, gave his two cents on the findings – “Most of us have more chance of winning a set – well maybe a game – against Andy Murray, than buying a property near the All England Tennis Club”.
Whilst buying property in the immediate vicinity of The All England Tennis Club may only be an option for a select few in relation to the population as a whole, properties across the wider SW19 area cater for a range of budgets.
Clockwork Removals’ South London branch covers the SW19 area, so if you’re moving house, call us today for a free quote.