Merton Property Market: House Prices, Sold Data & Development Finance, Q3 2026 Edition

Merton: South West London borough covering Wimbledon, Colliers Wood and Morden with active town-centre densification.

The Merton property market recorded 2,323 residential sales in the 12 months to 31 May 2026, with a median sale price of £522,000. This places Merton £37k above the Greater London county median of £485,000, and £237k above the approximate UK median of £285,000.

Prices in Merton have been broadly stable, a year-on-year change of -0.6%. Within Greater London, Merton ranks 29th by price out of 51 principal towns, and 37th by transaction volume.

On a quarterly view, Merton median prices moved from £550,000 in Q3 2024 to £510,000 in Q4 2025, a change of -7.3% over 5 quarters. The most recent quarter is excluded because HM Land Registry registrations for it are still incomplete.

Merton shares a HM Land Registry reporting district with neighbouring towns, and the source data does not distinguish Merton-specific sales from the wider district. The figures above reflect the whole shared district rather than Merton alone.

Property prices in Merton vary significantly by type. The table below compares Merton prices with Greater London county averages and UK national figures.

Detached homes in Merton command £2.70m, while flat properties are most accessible at £385,000. The £2.3m spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.

HM Land Registry has so far registered 10 new-build sales in Merton for the past 12 months, 0.4% of registered transactions. New-build sales are typically registered 6 to 18 months after completion, so this understates current delivery and is not a completions figure.

Too few new-build sales have registered yet to quote a reliable new-build premium for Merton.

Across the wider Greater London market, 1,285 new-build sales have registered so far. See our Greater London property market report for the full county picture.

The table below shows the most recently registered residential sales in Merton, evidence of achieved prices for buyers, sellers and developers:

These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £325,000 to £482,500 illustrates the breadth of the Merton market.

For developers considering Merton, the local market data translates directly into finance structuring. With a median value of £522,000 and detached homes at £2.70m, lenders can assess scheme viability with confidence.

A typical development finance facility for a scheme in Merton with a GDV of £2.70m would attract senior debt of approximately £1.75m at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.

While prices have softened 0.6% year-on-year, experienced developers can still generate strong returns in Merton by targeting well-located sites with clear demand drivers.

Ready to develop in Merton? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.

To put Merton's market in context, the table below compares it with similarly-priced towns across Greater London:

For the full Greater London town-by-town breakdown, see our comprehensive Greater London property market report.