Wimbledon winnings in property terms!
The 134th Wimbledon Championships is underway and a suite of new champions are set to be crowned in a glorious weekend of sporting action! The team at Quealy & Co are certainly enjoying the tennis, but we couldn’t resist comparing the game to property prices. After all we are passionate about property in Sittingbourne!
While the average price of a property across England and Wales has risen by a whopping 10% since 2019, at £35 million the total prize pot for Wimbledon is 11% lower than it was in 2019.
If players seek to invest their money in property, their prize money goes a long way. All but 0.6% of property sales over the last year have been within the winners’ budget of £1.7 million.
Even for those exiting in the 4th round, 30% of the market across England and Wales sold within their £181,000 prize pot.
Are you looking to buy a property?
When house hunting it is always best to register with trusted estate agents in the area you are searching so you are first to hear about properties for sale before they even get advertised.
Source: Dataloft, UKHPI, Land Registry, based on sales June 2020 to May 2021. Single's winners.