What can you afford in Merton?
1,641 homes changed hands in Merton over the last 12 months (Jul 2025 – Jun 2026). Half sold for £550,000 or less, a quarter for under £410,000, and three quarters for under £815,000. Buying the median home with a 10% deposit needs roughly a £110,000 salary at the typical 4.5× lending multiple , see what £100,000 takes home.
Affordability in one number: the median home here sold for 10.8× the local median full-time salary of £50,844 (ONS ASHE 2025). A typical lender stretches to about 4.5× one income plus your deposit, which is why the deposit and second incomes decide so much here.
Sold prices · Merton
£550,000
median sold price, Jul 2025 – Jun 2026
- A quarter under
- £410,000
- Three quarters under
- £815,000
- Sales
- 1,641
- HPI average
- £597,138
What each salary reaches here
Budget = 4.5× salary with a 10% deposit, against the 1,641 actual sales.
| Salary | Budget | Share of sales in reach |
|---|---|---|
| £25,000 | £125,000 | under 1% |
| £35,000 | £175,000 | 2% |
| £50,000 | £250,000 | 4.6% |
| £75,000 | £375,000 | 19.4% |
| £100,000 | £500,000 | 43% |
By property type · median sold price
And the salary that price implies, at 4.5× with 10% down.
| Type | Median · sales | Salary needed |
|---|---|---|
| Flat | £392,500 · 670 | ≈£78,500 |
| Terraced house | £666,500 · 732 | ≈£133,300 |
| Semi-detached house | £825,000 · 184 | ≈£165,000 |
| Detached house | £2,621,000 · 55 | ≈£524,200 |
For context, the UK House Price Index puts Merton average prices down 1.3% over 12 months.
Nearby in the index
- Manchester
- Mansfield
- Medway
- Melton
- Merthyr Tydfil
- Mid Devon
- Mid Suffolk
- Mid Sussex
- Middlesbrough
- Milton Keynes
Sold prices: HM Land Registry Price Paid Data (standard residential sales), Jul 2025 – Jun 2026, standard residential sales, England & Wales. Averages: UK House Price Index (HM Land Registry / ONS). Lending estimates use a typical 4.5× single-income multiple and are not a mortgage offer or financial advice.