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Property Price Trends
The Green, Morden, Greater London
SM4 4HL Merton London Boro
What are the historical property price trends?
Explore the yearly trends in property prices for the SM4 postcode district in the UK. Stay informed and make smart real estate decisions based on the accurate, analysed data.
Property Price Trends
SM4
Most Expensive Property
£925,000
5 Mossville Gardens, SM4 4DG
Sold: 07 December 2023
Cheapest Property
£174,000
21 Ravensbury Avenue, SM4 6ET
Sold: 28 September 2023
£571,000
The average house price in Merton was £571,000 in November 2024 (provisional), up slightly 1.6% from November 2023. Across London, there was little change in the average house price over the same period.
£2,008
Private rents rose to an average of £2,008 in December 2024, an annual increase of 10.5% from £1,817 in December 2023. This was lower than the rise in London (11.5%) over the year.
£495,000
The average price paid by first-time buyers was £495,000 in November 2024 (provisional). This was 2.3% higher than the average of £483,000 in November 2023 (revised).
£564,000
For homes bought with a mortgage, the average house price was £564,000 in November 2024 (provisional). This was 1.8% higher than the average of £554,000 in November 2023 (revised).
Data last updated: 17 Feb 2025. Data extracted from ONS housing prices/rents: inflation and price indices by local authority (Merton, E09000024). Rent estimates are provisional, and are for the latest 2 months.
Local House Price Trends
Have property prices been rising or falling in SM4 4HL?
The graph below shows the five-year capital growth figures for properties for the SM4 postcode district. Figures show year-on-year capital growth and not accumulative growth over the five-year period.
Compare House Price Trends
Enter a postcode below to compare the property prices in SM4 with any other UK postcode:
Regional Property Analysis
What trends is the property market seeing in Surrey?
Homebuyers
For homebuyers in Surrey, the property market has been experiencing steady growth in house prices over the past few years. The average house price in Surrey is currently around £600,000, with popular areas such as Guildford (GU1 postcode) and Woking (GU21 postcode) seeing the highest demand. However, there is a limited supply of housing stock in these areas, which has resulted in increased competition among buyers. It is advisable for homebuyers to act quickly and be prepared to pay above the asking price in order to secure a property in these sought-after locations.
Renters
Rent prices in Surrey have also been on the rise, with the average monthly rent for a one-bedroom apartment now standing at £1,200. Areas such as Epsom (KT17 postcode) and Leatherhead (KT22 postcode) are popular among renters, but availability is limited due to high demand. It is recommended for renters to start their property search early and consider expanding their options to nearby towns such as Camberley (GU15 postcode) or Redhill (RH1 postcode) to find more affordable rental properties.
Investors
For investors looking to enter the Surrey property market, there are opportunities for capital growth and rental yield. With house prices continuing to increase, investing in areas such as Farnham (GU9 postcode) and Reigate (RH2 postcode) could provide a good return on investment. Rental demand is high in these areas, making them attractive for buy-to-let investors. It is important for investors to conduct thorough market research and seek professional advice before making any investment decisions in Surrey.
Homebuyers
For homebuyers in Surrey, the property market has been experiencing steady growth in house prices over the past few years. The average house price in Surrey is currently around £600,000, with popular areas such as Guildford (GU1 postcode) and Woking (GU21 postcode) seeing the highest demand. However, there is a limited supply of housing stock in these areas, which has resulted in increased competition among buyers. It is advisable for homebuyers to act quickly and be prepared to pay above the asking price in order to secure a property in these sought-after locations.
Renters
Rent prices in Surrey have also been on the rise, with the average monthly rent for a one-bedroom apartment now standing at £1,200. Areas such as Epsom (KT17 postcode) and Leatherhead (KT22 postcode) are popular among renters, but availability is limited due to high demand. It is recommended for renters to start their property search early and consider expanding their options to nearby towns such as Camberley (GU15 postcode) or Redhill (RH1 postcode) to find more affordable rental properties.
Investors
For investors looking to enter the Surrey property market, there are opportunities for capital growth and rental yield. With house prices continuing to increase, investing in areas such as Farnham (GU9 postcode) and Reigate (RH2 postcode) could provide a good return on investment. Rental demand is high in these areas, making them attractive for buy-to-let investors. It is important for investors to conduct thorough market research and seek professional advice before making any investment decisions in Surrey.
Last updated on 31 Mar 2025. Property market analysis is based on official data, and interpreted using neural networks (machine learning model), and subject to our Terms and Conditions.
Yield for SM4 4HL
Estimated yield for property investors
2.9%
Yield
The estimated yield for the SM4 4HL postcode area is 2.9%, compared to the national average yield of 3.8%.
View yield analysisHouse price affordability
Use this graph to view the housing affordability ratio data, as well as median house prices and household earnings in England and Wales, from 1997-2024.
Property sales
What houses have been sold in SM4 4HL?
The recently sold properties table lists homes around SM4 4HL that have been recorded by HM Land Registry, and their sold prices.
Price paid information is not personal, but property-related information. All commercial transactions, sales that have not been lodged with HM Land Registry or sales that were not for full market value are excluded.
| Date | Price | Property Address | Property Type | Estate Type |
|---|---|---|---|---|
| 03 July 2023 | £610,000 | 157 Hillcross Avenue, Morden, SM4 4AZ | Terraced | Freehold |
| 07 December 2023 | £925,000 | 5 Mossville Gardens, Morden, SM4 4DG | Semi-Detached | Freehold |
| 16 February 2024 | £630,000 | 5 Leamington Avenue, Morden, SM4 4DQ | Semi-Detached | Freehold |
| 15 March 2024 | £703,000 | 62 Monkleigh Road, Morden, SM4 4EP | Terraced | Freehold |
| 04 August 2023 | £795,000 | 88 Monkleigh Road, Morden, SM4 4EP | Semi-Detached | Freehold |
| 12 December 2023 | £523,000 | 151 Monkleigh Road, Morden, SM4 4EQ | Terraced | Freehold |
| 18 December 2023 | £490,000 | 111 Kingsbridge Road, Morden, SM4 4PU | Terraced | Freehold |
| 12 July 2023 | £530,000 | 32 Aragon Road, Morden, SM4 4QF | Semi-Detached | Freehold |
| 12 July 2023 | £453,000 | 254 Lynmouth Avenue, Morden, SM4 4RS | Terraced | Freehold |
| 29 February 2024 | £620,000 | 169 Lower Morden Lane, Morden, SM4 4SP | Semi-Detached | Freehold |
| 24 November 2023 | £650,000 | 25 Bayham Road, Morden, SM4 5JH | Terraced | Freehold |
| 15 March 2024 | £495,000 | 38 Bayham Road, Morden, SM4 5JQ | Terraced | Freehold |
| 08 May 2007 | £225,000 | 1 Hazelwood Avenue, Morden, SM4 5RS | Terraced | Freehold |
| 05 February 2008 | £304,950 | 1 Hazelwood Avenue, Morden, SM4 5RS | Terraced | Freehold |
| 27 February 2024 | £405,000 | 22 Bristol Road, Morden, SM4 5SB | Terraced | Freehold |
| 10 July 2023 | £550,000 | 100 Bishopsford Road, Morden, SM4 6BB | Other | Freehold |
| 08 November 2023 | £283,000 | Clarendon Court 1a Flat 9 Pollard Road, Morden, SM4 6EB | Flat/Maisonette | Leasehold |
| 14 April 2023 | £900,000 | 22 Seddon Road, Morden, SM4 6EE | Semi-Detached | Freehold |
| 27 November 2023 | £500,000 | 21b Milner Road, Morden, SM4 6EN | Terraced | Freehold |
| 28 September 2023 | £174,000 | 21 Ravensbury Avenue, Morden, SM4 6ET | Flat/Maisonette | Leasehold |
| 04 July 2023 | £430,050 | 270 Glastonbury Road, Morden, SM4 6PF | Terraced | Freehold |
| 18 December 2023 | £435,000 | 27 Dorchester Road, Morden, SM4 6QE | Terraced | Freehold |
| 23 February 2024 | £465,000 | 39 Crowland Walk, Morden, SM4 6QH | Terraced | Freehold |
| 05 March 2024 | £390,000 | 104 Canterbury Road, Morden, SM4 6QP | Terraced | Freehold |
| 28 February 2024 | £282,000 | 152 Canterbury Road, Morden, SM4 6QT | Flat/Maisonette | Leasehold |
| 08 December 2023 | £550,000 | 78 Farm Road, Morden, SM4 6RB | Terraced | Freehold |
Please note that house prices for properties sold in and around SM4 4HL during this period do not reflect current values of properties in this postcode area, they are the prices paid at the time of sale. Prices paid is property price data for single residential property sales in England and Wales, sold on the market at full market value, and lodged with the Land Registry for registration.
For more information about the statistical data sets contained on this page, visit https://www.gov.uk/government/statistical-data-sets.
Average monthly mortgage payments
Data on this page contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0. Property data and analysis from PropertyData.co.uk.
Statistical Data Sets
Statistics extracted are from the UK House Price Index, published each month from HM Land Registry, and broken down into Country, Region, and County level.
All content is available under the Open Government Licence v3.0, except where otherwise stated
