Market outlook for CR4
Key indicators for buyers
The CR4 market is challenging for buyers right now. Prices are rising at 4.7%, which may favour acting sooner rather than later. 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
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 £2,172, 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
Based on the average Merton price of £440,221 with a 25% deposit (£110k), a 2-year fixed mortgage at 4.92% costs around £1,915 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses CR4 avg. price with Merton rental data
Monthly mortgage payments (£1,915) are £257 less than renting (£2,172). However, buying requires an upfront deposit of £110k — it would take around 7 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 |
58, GROVE ROAD CR4 1SA | Terraced | £628,000 | 21 Aug 2026 |
144, MANOR WAY CR4 1EF | Terraced | £465,000 | 21 Aug 2026 |
17, BAKER LANE CR4 2LG | Terraced | £420,000 | 20 Aug 2026 |
98, MITCHAM PARK CR4 4EJ | Flat/Maisonette | £270,000 | 18 Aug 2026 |
56, FAIRFIELD CLOSE CR4 3RF | Terraced | £560,000 | 14 Aug 2026 |
86, OXFORD CLOSE CR4 1DZ | Semi-detached | £600,000 |
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.