Merton (London Borough)

Area Guide For Merton (London Borough)


Merton (London Borough) Map

Estimated Price: £588,392
Average Asking Price: £841,705
Price change in last one year: £31,957
Average Price Paid: £470,765
Average Rent Rates: £2,599


Property Prices Breakdown in Merton (London Borough)

Average Price for property in Merton (London Borough) is around £588,392 which varies based on type of property you are interested in and ranges from £2,239,770 for detached house to around £800,908 for semi-detached. Similarly terraced house is around £527,218 and a flat is worth £377,287. Values have been changing and have risen £1,893 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,893 in last 6 months, £31,957 in last 1 year, £99,285 in last 2 years, £109,782 in last 3 years, £119,208 in last 4 years and £117,774 in last 5 years.

Currently average asking price of a property in Merton (London Borough) is around £841,705 based on approximately 2,443 properties for sale. Same is the case with rental options based on 940 properties up for rent, average asking rent is around £2,599 per month.

Estimated property value in Merton (London Borough) is £588,392. Average asking price is £841,705 while average price paid is £550,276 which is up by £31,957 and Avg. asking rent £2,599.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 (London Borough) area. In last 1 year alone average price buyer paid is around £550,276 based on approximately 2,443 sales in Merton (London Borough) area alone. If you compare it to last 3 years sales of 8,209 properties where buyers paid around £498,086. 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 £470,765 for 13,343 and average amount paid for purchase of approx. 2,443 properties sold in last 7 years comes to about £550,276 per sale.

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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