Merton

Data from Land Registry, ONS, Bank of England

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Avg. price

£612,681

↑ +0.5% YoY

Affordability

14.17x

↓ price-to-earnings

Avg. rent

£2153/mo

↑ +4.6% YoY

Market outlook for Merton

Key indicators for buyers

Prices stable+0.5% YoYRelatively stable market

Very stretched14.2xImproving from 16.2x in 2016

Rates moderate4.79%2yr fixed, 75% LTV

Market steady-1% YoYNormal activity levels

Rents rising fast+4.6% YoYWaiting costs more (£2,153/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 (£2,153/mo, +4.6%) mean the cost of waiting is real.

Price trends

Average sale prices · HM Land Registry / UK HPI

£612,681

↑ +0.5% 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

£2153/mo

↑ +4.6% YoY

Average monthly rent in Merton is £2,153, up 4.6% year-on-year. Rents have risen consistently over the past five years.

Monthly mortgage

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

£2,630

per month at 4.79%

LTV

Term

Deposit (25%)

£153k

Stamp duty

£18k

Based on the average Merton price of £612,681 with a 25% deposit (£153k), a 2-year fixed mortgage at 4.79% costs around £2,630 per month.

Rent vs buy snapshot

Monthly cost comparison based on current data

Renting

£2,153

per month

0% equity built

Buying (mortgage)

£2,630

per month

£477 more than renting

Breakeven

12yr

to recoup deposit

vs renting + investing

Monthly mortgage payments (£2,630) are £477 more than renting (£2,153). However, buying requires an upfront deposit of £153k — 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
429, KINGSTON ROAD, WIMBLEDON SW20 8JR	Flat/Maisonette	£385,000	27 Jul 2026
25, CONNAUGHT GARDENS SM4 6DB	Flat/Maisonette	£325,000	27 Jul 2026
FLAT 7, 144, MERTON ROAD SW19 1EH	Flat/Maisonette	£435,000	24 Jul 2026
194A, HARTFIELD ROAD SW19 3TQ	Flat/Maisonette	£482,500	24 Jul 2026
7, GRENFELL ROAD CR4 2BZ	Terraced	£460,000	24 Jul 2026
FLAT 1, 127, KINGSTON ROAD SW19 1LT	Flat/Maisonette	£415,000	24 Jul 2026
22, PANMUIR ROAD SW20 0PZ	Flat/Maisonette

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