Market outlook for SM4
Key indicators for buyers
The SM4 market is moderately favourable for buyers. Prices have softened (-25.5%), which could present a buying opportunity. 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 £370,556 with a 25% deposit (£93k), a 2-year fixed mortgage at 3.97% costs around £1,462 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses SM4 avg. price with Merton rental data
Monthly mortgage payments (£1,462) are £617 less than renting (£2,079). However, buying requires an upfront deposit of £93k — it would take around 5 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 |
|---|---|---|---|
117, RUTLAND DRIVE SM4 5QQ | Semi-detached | £550,000 | 28 Jan 2026 |
42, CANTERBURY ROAD SM4 6QP | Terraced | £473,000 | 26 Jan 2026 |
52, HALESOWEN ROAD SM4 6NG | Terraced | £470,000 | 23 Jan 2026 |
225A, LYNMOUTH AVENUE SM4 4RX | Flat/Maisonette | £300,000 | 15 Jan 2026 |
64, LOVE LANE SM4 6LP | Terraced | £465,000 | 14 Jan 2026 |
3, STANLEY ROAD SM4 5DE | Terraced | £450,000 | 14 Jan 2026 |
FLAT 1, WOODGLEN, BISHOPSFORD ROAD SM4 6AW | Flat/Maisonette |
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.