Market outlook for CR4
Key indicators for buyers
The CR4 market presents a mixed picture for buyers. Prices are rising at 17.6%, which may favour acting sooner rather than later. Affordability has improved from a peak of 16.2x in 2016 to 14.2x today.
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 £2,079, up 1.9% 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 £503,080 with a 25% deposit (£126k), a 2-year fixed mortgage at 3.97% costs around £1,985 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses CR4 avg. price with Merton rental data
Monthly mortgage payments (£1,985) are £94 less than renting (£2,079). However, buying requires an upfront deposit of £126k — it would take around 8 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 |
|---|---|---|---|
39, IMPERIAL GARDENS CR4 1ER | Flat/Maisonette | £290,000 | 23 Jan 2026 |
29, HOMEFIELD GARDENS CR4 3BZ | Terraced | £710,000 | 23 Jan 2026 |
108, EDGEHILL ROAD CR4 2HW | Terraced | £515,000 | 16 Jan 2026 |
6, ALBERT ROAD CR4 4AH | Terraced | £480,000 | 15 Jan 2026 |
24, TURNER AVENUE CR4 3JY | Terraced | £568,300 | 15 Jan 2026 |
30, RUSSELL ROAD CR4 3AP | Terraced | £435,000 | 12 Jan 2026 |
45, FRAMFIELD ROAD CR4 2AU | Terraced | £595,000 |
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.