Merton

Data from Land Registry, ONS, Bank of England

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Avg. price

£615,890

↓ -0.9% YoY

Affordability

14.17x

↓ price-to-earnings

Avg. rent

£2172/mo

↑ +5.4% YoY

Market outlook for Merton

Key indicators for buyers

Prices easing-0.9% YoYPotential buying opportunity

Very stretched14.2xImproving from 16.2x in 2016

Rates moderate4.92%2yr fixed, 75% LTV

Market steady-2% YoYNormal activity levels

Rents rising fast+5.4% YoYWaiting costs more (£2,172/mo)

The Merton market is moderately favourable for buyers. Affordability has improved from a peak of 16.2x in 2016 to 14.2x today. Rising rents (£2,172/mo, +5.4%) mean the cost of waiting is real.

Price trends

Average sale prices · HM Land Registry / UK HPI

£615,890

↓ -0.9% YoY

Affordability ratio

House price ÷ median earnings · ONS data

14.17x

price-to-earnings

A home in Merton costs 14.2x the local median salary — very stretched, improving from a peak of 16.2x in 2016.

Rental trends

Average monthly rent · ONS Private Rental Index

£2172/mo

↑ +5.4% YoY

Average monthly rent in Merton is £2,172, up 5.4% year-on-year. Rents have risen consistently over the past five years.

Monthly mortgage

2yr fixed · 75% LTV · 25yr term · BoE avg. rate

£2,679

per month at 4.92%

LTV

Term

Deposit (25%)

£154k

Stamp duty

£18k

Based on the average Merton price of £615,890 with a 25% deposit (£154k), a 2-year fixed mortgage at 4.92% costs around £2,679 per month.

Rent vs buy snapshot

Monthly cost comparison based on current data

Renting

£2,172

per month

0% equity built

Buying (mortgage)

£2,679

per month

£507 more than renting

Breakeven

12yr

to recoup deposit

vs renting + investing

Monthly mortgage payments (£2,679) are £507 more than renting (£2,172). However, buying requires an upfront deposit of £154k — it would take around 12 years to recoup that cost compared to renting and investing the difference.

Recent sales

Latest transactions · HM Land Registry Price Paid Data

Address	Type	Price	Date
174A, STREATHAM ROAD CR4 2AF	Flat/Maisonette	£219,000	26 Aug 2026
FLAT 26, 3, HIGH STREET COLLIERS WOOD SW19 2BF	Flat/Maisonette	£300,000	25 Aug 2026
58, GROVE ROAD CR4 1SA	Terraced	£628,000	21 Aug 2026
144, MANOR WAY CR4 1EF	Terraced	£465,000	21 Aug 2026
29, GROVE ROAD SW19 1BL	Terraced	£730,000	21 Aug 2026
42, ASCOT ROAD SW17 9JJ	Terraced	£875,000	20 Aug 2026
17, BAKER LANE CR4 2LG	Terraced	£420,000

Explore postcodes in Merton

4postcode districts · Click for detailed prices

Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions