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

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

The Merton property market recorded 2,393 residential sales in the 12 months to 30 June 2026, with a median sale price of £530,000. This places Merton £50k above the Greater London county median of £480,000, and £245k above the approximate UK median of £285,000.

Prices in Merton have shown modest growth, a year-on-year change of +1%. Within Greater London, Merton ranks 28th by price out of 51 principal towns, and 36th by transaction volume.

On a quarterly view, Merton median prices moved from £527,300 in Q1 2025 to £515,000 in Q2 2026, a change of -2.3% over 5 quarters.

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.

The local planning authority for Merton approved 26 residential planning applications and refused 9 in Q3 2026 (1 July to 30 September 2026), with 103 still awaiting a decision. That is an approval rate of 74%. Planning figures come from local planning authority records compiled by Landstack, retrieved on 3 October 2026. Councils and Landstack can take several days to publish decisions, so decisions made in the final days of Q3 2026 may not all be included yet.

Schemes approved in Q3 2026, together with those still awaiting a decision, propose around 1,215 homes, an estimated £640.3m of development value at local sale prices. Treat the unit total as an upper bound, since an outline permission and its reserved-matters application both count.

Merton covers more than one town in Greater London, so these figures are authority-wide rather than specific to 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 £2.72m, 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 24 new-build sales in Merton for the past 12 months, 1.0% 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, 1,006 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 £219,000 to £730,000 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 £530,000 and detached homes at £2.72m, lenders can assess scheme viability with confidence.

A typical development finance facility for a scheme in Merton with a GDV of £2.72m would attract senior debt of approximately £1.77m 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.

With prices rising 1% year-on-year, Merton presents a supportive environment for new development. Lenders view positive price momentum favourably when assessing loan applications.

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.