With Wimbledon upon us, this year more local residents than ever before are preparing to let their homes out.
In an interview with the Financial Times, Joanna Doniger of Tennis London says “The chance to make a substantial amount from a short let is encouraging more people to rent out their homes to players and fans,” which arranges accommodation for players and sponsors. “No one’s getting any income from deposit accounts so they are looking for other ways to make money.”
She says there is big money to be made from renting out homes in the London SW19 area close to the tennis tournament . Weekly rents can range from around £1,200 for a two-bedroom flat in Southfields to £2,500 for a two-bedroom flat in Wimbledon village, or £5,000 for a larger property overlooking the grounds.
