Investing in a buy-to-let in Wimbledon

For potential landlords looking to invest in a buy-to-let property in Wimbledon there are a number of important financial factors to consider. Despite its close proximity to London, Wimbledon offers a variety of rental opportunities to suit every budget and lifestyle.

Average Rents

Average rents in Wimbledon vary depending on the size and type of property. For one bedroom flats, the average rent is approximately £1,400 per month. For two bedroom flats, the average rent is around £1,800 per month. For three bedroom flats and houses, the average rent is around £2,400 per month. These rents are slightly higher than the average rental prices in London, which stands at around £1,450 per month for one bedroom flats, £1,700 per month for two bedroom flats and £2,200 per month for three bedroom flats and houses.

Rental Yield

The rental yield for one bedroom flats in Wimbledon is around 4.8%, for two bedroom flats it is around 4.4%, and for three bedroom flats and houses it is around 4.2%. These yields are slightly lower than the average rental yields in London, which stands at around 5.5-6%. However, the rental yield is not the only factor to consider when evaluating the potential return on investment for a buy-to-let property. Other factors, such as property appreciation and tax benefits, also play a role in determining overall returns.

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Rental Demand

Rental demand in Wimbledon is consistently high due to the variety of amenities and transport links in the area. According to statistics from the Valuation Office Agency (VOA), the average occupancy rate in Wimbledon is around 95%. This is slightly higher than the average occupancy rate in London, which stands at around 90%.

Top financial considerations 

When investing in a buy-to-let property, it’s important to consider the long-term financial implications. Before buying a property, you should take into account the property’s location, the condition of the property, the rental demand, and the rental yield. You should also consider the cost of repairs, taxes, and insurance. There is also the possibility of periods of vacancy between tenancies, which could  affect your cash flow.

Conclusion

Investing in a buy-to-let property in Wimbledon can be a great way to generate passive income, however the financial factors involved should be taken into account. The average rents, rental yields, rental demand, and house prices in Wimbledon are slightly higher than the average for London as a whole, but the demand for rental properties is high, and the rental yields are slightly lower. Before buying a buy-to-let investment, it’s important to consider the long-term financial implications, including location, condition, rental demand, rental yield, cost.

Free Landlord Resources

Free Instant Valuation

See how much your property could get in rent.

Fee Saving Calculator

See how much you could save on property fees.

Yield calculator

Calculate your rental yield with our simple tool

Compliance checklist

Make sure your buy-to-let property remains legal.

Compliance Guide

Download your complete landlord compliance guide 

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Sam has a wealth of experience across the private landlord and Build to Rent sectors. He has advised a wide range of clients across the whole of London on how to find great tenants, improve their assets and effectively market their properties for the best returns.

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