Area Guide For Merton

Merton is an ancient parish which was first in Surrey but since 1965 has been in London, bounded by Wimbledon.  Until the 20th century, most of the parish remained rural in character and the main residential and commercial centres were at Merton Park and along Merton High Street. It is a quiet and leafy suburb. With average property prices in Merton at 28.2% above the London average but rental prices below 73% of London average rental.


Merton Map

Estimated Price: £563,944
Average Asking Price: £603,850
Price change in last one year: £58,775
Average Price Paid: £419,142
Average Rent Rates: £2,003


Property Prices Breakdown in Merton

Average Price for property in Merton is around £563,944 which varies based on type of property you are interested in and ranges from £1,343,830 for detached house to around £879,859 for semi-detached. Similarly terraced house is around £637,127 and a flat is worth £375,553. Values have been changing and have risen £924 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £6,071 in last 6 months, £58,775 in last 1 year, £109,467 in last 2 years, £146,877 in last 3 years, £162,663 in last 4 years and £164,094 in last 5 years.

Currently average asking price of a property in Merton is around £603,850 based on approximately 525 properties for sale. Same is the case with rental options based on 229 properties up for rent, average asking rent is around £2,003 per month.

Estimated property value in Merton is £563,944. Average asking price is £603,850 while average price paid is £527,552 which is up by £58,775 and Avg. asking rent £2,003.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Merton area. In last 1 year alone average price buyer paid is around £527,552 based on approximately 525 sales in Merton area alone. If you compare it to last 3 years sales of 1,688 properties where buyers paid around £448,108. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £419,142 for 2,754 and average amount paid for purchase of approx. 3,502 properties sold in last 7 years comes to about £406,577 per sale.


Properties For Sale in Merton


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £275,000, £553,416 for a 2 bedroom house, £688,555 for a 3 bedroom house, £1,017,668 for a 4 bedroom house and £949,995 for a 5 bedroom house. For a flat similarly the prices varies from £331,812 for a single bedroom to £406,982 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £464,978 and £692,500 for a 4 bedroom flat. To sum up the asking prices for properties in Merton it comes to around average £329,979 for 1 bedroom property, £448,820 for 2 bedroom, £653,253 for 3 bedroom, £990,571 for 4 bedroom and £949,995 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £668 for 1 bedroom to £1,771 for 2 bedrooms, £2,436 for 3 bedrooms, £3,233 for 4 bedrooms and £4,155 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £1,327. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £1,699, £1,772 for 3 bedroom and £2,472 for 4 bedroom. You should be generally be expecting around average £1,266 rent per month for single bedroom property, £1,713 for 2 bedroom, £2,227 for 3 bedroom, £3,160 for 4 bedroom and approximately £4,155 for a 5 bedroom property in Merton area.

Popular Houses in Merton

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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