editor posted on July 02, 2009 06:44
It's that time of year again when around half a million tennis aficionados cram into SW19 to see the world's finest compete in the Wimbledon Championships.
But the winnings, which last year amount to a total of £11,282,710, are not the only prize on offer. Local residents stand to make a small fortune from letting out their homes to players and their entourages.
The lack of hotel accommodation in the area means that a place to lay your racket within walking distance of the All England Club will be highly prized between 22nd June and the 5th of July this year, with savvy homeowners living near London's All England Tennis Club pocketing from £500 to £7,000 per week!
So what does this tell us? Simply that location is a critical factor when letting out a property. We can't all have major sporting championships on our doorsteps (and most of us wouldn't want it!) but we can make sure we take certain things into account when buying a property purely for investment.
Town centre location, parking, maintenance and up keep all play a part in the decision we make, as well as knowing what your target market is.
And if you do decide that you would like to make a killing at next year's Wimbledon Championships, you will be in good company! In fact, you will be in the company of Champions, with Boris Becker having bought a Wimbledon pad this year!