Tim Henman's Memories Of His First Chiswick Home
Former tennis star's two-bed flat bought for £124,000 in 1995, started him off on the property ladder
Former tennis champion Tim Henman wishes now he had bought ten flats instead of one when he made his first property investment in Chiswick at the age of 21.
Henman, who says location is the key to property investment, paid £214,000 for the two-bed, two bath flat in a then new development close to the river, in 1995.
Tim pictured in his professional tennis playing days
In an interview in Metro
about his interest in property investment, he said; "My first home
was a two-bedroom, two-bath flat in a new development in Chiswick, quite
close to the river. I bought it in 1995 when I was 21, for £124,000.
"If only I’d bought ten of them. I was travelling a lot — away for 30 to 35 weeks a year at the time — so it was a place I could just lock up and leave. It was also very convenient: near to Heathrow airport, so the location was perfect."
He said at that time he had broken into the top 200 in
the world and was starting to earn some money and needed a base. He knew
he wanted to get onto the property ladder and it felt like a natural progression.
Although in later life he moved to older properties ( the house he and
his family live in now was partly built in 1620), the new flat was perfect
for when he was 21 and living alone.
"I left school at 16 and was playing professional tennis, travelling
and having the responsibility of being my own business. You are earning
money, but you also have to employ a coach, a fitness trainer and a physio
— and getting a place to live is part of that. I always said tennis was
never my job, it was my hobby, so I was very lucky from that point of
view.
" I look back at all the properties I’ve owned — and the ones I still
own — and would say not only are they my best investments, but they have
also been my most enjoyable ones. To me, there’s always that safety element
and in London, the market has gone up and up over the years. You need
to be able to afford it, but property is always a great investment. I
guess I’ve never been someone who likes to invest in stocks and shares;
I like things that are tangible and that’s why I like bricks and mortar."
When he met his wife they bought a house in Barnes and
then moved near Oxford. He has invested in several properties along the
way.
April 26, 2017