Market outlook for SW19
Key indicators for buyers
The SW19 market is challenging for buyers right now. Prices are rising at 14.6%, 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 (£2,153/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 £1,079,419 with a 25% deposit (£270k), a 2-year fixed mortgage at 4.79% costs around £4,634 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses SW19 avg. price with Merton rental data
Monthly mortgage payments (£4,634) are £2,481 more than renting (£2,153). However, buying requires an upfront deposit of £270k — it would take around 75 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 |
|---|---|---|---|
FLAT 7, 144, MERTON ROAD SW19 1EH | Flat/Maisonette | £435,000 | 24 Jul 2026 |
FLAT 1, 127, KINGSTON ROAD SW19 1LT | Flat/Maisonette | £415,000 | 24 Jul 2026 |
194A, HARTFIELD ROAD SW19 3TQ | Flat/Maisonette | £482,500 | 24 Jul 2026 |
115, SMITHWOOD CLOSE SW19 6JJ | Flat/Maisonette | £382,500 | 23 Jul 2026 |
70, GALGATE CLOSE SW19 6EU | Terraced | £680,000 | 23 Jul 2026 |
265, PHIPPS BRIDGE ROAD SW19 2SS | Terraced | £615,000 | 21 Jul 2026 |
10, BURGHLEY HALL CLOSE SW19 6TN | 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.