Market outlook for CR4
Key indicators for buyers
The CR4 market presents a mixed picture 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
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Merton area
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
Rental data shown for wider Merton area
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
Based on the average Merton price of £433,602 with a 25% deposit (£108k), a 2-year fixed mortgage at 4.79% costs around £1,862 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses CR4 avg. price with Merton rental data
Monthly mortgage payments (£1,862) are £291 less than renting (£2,153). However, buying requires an upfront deposit of £108k — it would take around 6 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 |
|---|---|---|---|
7, GRENFELL ROAD CR4 2BZ | Terraced | £460,000 | 24 Jul 2026 |
9, PERCY ROAD CR4 4JW | Flat/Maisonette | £233,000 | 22 Jul 2026 |
173, MANOR WAY CR4 1EN | Terraced | £500,000 | 20 Jul 2026 |
19, ILLINGWORTH CLOSE CR4 3QF | Terraced | £525,000 | 17 Jul 2026 |
51, BRECON CLOSE CR4 1XB | Terraced | £410,000 | 17 Jul 2026 |
FLAT 14, 100, LAVENDER AVENUE CR4 3FX | Flat/Maisonette | £325,000 | 10 Jul 2026 |
28, HILL ROAD CR4 2HQ | Semi-detached | £565,000 |
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
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.