Renting Out Your Home During Wimbledon

With the Wimbledon tennis tournament coming up soon accommodation in the area becomes much sought after. The usually quiet London suburb will for two weeks turn into a tennis circus. With this will be the need for accommodation for tennis players and officials and spectators visiting from all over the world.

Unlike central London, Wimbledon isn’t busy all year round, meaning it isn’t naturally set up for thousands of visitors over a short period. There aren’t a huge number of hotels in the area, but this is an opportunities for home owners. A lot of money can be made by renting out houses or flats for the Wimbledon fortnight.

The most obvious people who need accommodation are the tennis players. Some stay within central London but many prefer to be closer to the tournament site and being able to walk to and from what is their place of work for a couple of weeks. They also like the village atmosphere of the area. And they don’t just need accommodation for themselves but also for the coaches, their family and others travelling with them. This can make renting a house in the area the perfect solution. Some tennis players make a lot money and may pay a lot for the right place.

Of course it is not just tennis players who need local accommodation during the championships. There are almost 40,000 spectators per day who visit the tournament, and although some will live within public transport or driving distance, many will come from much further afield. There are also people working at the tournament, from tennis umpires and other officials, to members of the media and those providing catering and other services. Many of these need accommodation. For those who own a smaller property in the area that may not be suitable for a tennis player and their entourage renting out to spectators or others working at the tournament might be an option.

It is not just accommodation that can be rented out but car parking spaces too. Parking in the official car park is very expensive, around £25 per day. This is an opportunity to residents who are remaining at home during Wimbledon fortnight; they can sell their drive as parking spaces on a daily basis. If tennis fans can save on what is already a very expensive day out they will bite at the opportunity. If a local resident has three parking spaces they can rent out they can make £390 during the tournament by selling them at £10 each per day. Many choose to sell parking spaces in this way and give the money to charity.

For two weeks a year, owning a home in Wimbledon can be financially very beneficial. Many Wimbledon residents, especially non tennis fans, like to get away from the mayhem, and why not fund a holiday by renting out their home. With some properties owners can make up to £10,000 a week, a lot more than the going rate at any other time of year.

Andrew Marshall (c)