"Wimbledon remains by far the most prestigious of all four tennis majors when it comes to the local housing market surrounding the iconic sporting venue"
- Guy Gittins - Foxtons
New analysis from estate agency Foxtons and mortgage adviser Alexander Hall reveals that Wimbledon leads the four global tennis grand slam venues in terms of both property values and improved mortgage affordability over the past year.
The research compared housing markets in the neighbourhoods surrounding each of the four major tournaments: Wimbledon (UK), Flushing Meadows (US), the 16th arrondissement of Paris (France), and Melbourne Park (Australia). It examined average property prices, annual price shifts, typical monthly mortgage repayments, and year-on-year changes in affordability.
Wimbledon maintains the highest average property value
Wimbledon’s SW19 postcode continues to command the highest average property price among the four Grand Slam locations, with homes averaging £852,958.
Paris’s 16th arrondissement ranks second, with an average price of £730,125. Flushing Meadows in New York follows at £594,513, while Melbourne Park remains the most affordable, with nearby homes averaging £284,987.
Despite Wimbledon's premium values, the report notes that falling UK mortgage rates have helped ease affordability pressures for buyers in the area.
Flushing Meadows leads on monthly mortgage affordability
Monthly mortgage costs vary notably between the four regions. Flushing Meadows is the most affordable, with average repayments of £1,558.
Wimbledon, Paris, and Melbourne Park report similar monthly costs £4,030, £3,448, and £3,311 respectively. Melbourne's higher borrowing rates offset its lower property prices, narrowing the gap.
Wimbledon records strongest improvement in affordability
Wimbledon also posted the largest year-on-year drop in monthly mortgage repayments, down 10.6%.
Flushing Meadows saw a decrease of 8.3%, while Paris reported a 4.3% drop. In contrast, Melbourne Park experienced a 1% increase in monthly mortgage costs.
“Wimbledon remains by far the most prestigious of all four tennis majors when it comes to the local housing market surrounding the iconic sporting venue," explained Foxtons' CEO Guy Gittins. "This status continues to be underpinned by its global recognition, desirable village charm, and long-standing appeal to both domestic and international buyers.”
Stephanie Daley, director of partnerships at Alexander Hall, added, “Whilst Wimbledon continues to boast the highest property values of all four tennis major locations, buyers with ambitions of living a stone’s throw from the iconic sporting venue will be glad to know that the area has seen a considerable improvement when it comes to the monthly cost of a mortgage.
“This, of course, highlights the wider improvements that have been seen across the UK mortgage landscape in the last year, with falling rates playing a significant role in improving buyer affordability.
“So whilst securing a foothold in one of London’s most iconic locations doesn’t come cheap, the cost of borrowing in order to buy has certainly become more affordable.”
