For 2016 details - Merton Property Market 2016
Story Highlights
- Merton had total Property Sales of £1.92 billions in 2015
- The total number of properties sold in year 2015 was 3245
- The Average property price was £592 K in while Median was £410 K
- Not New Property Contributed 95.59% and New Property 4.41% by sales value
Total Sales By Property Type
Merton is one of the Boroughs of South London. It had total Property Sales of £1.92 billions which was 13.05% of South London Property Market 2015.
The split across the different property types are:
- Terraced £764 millions (39.73%)
- Semi-Detached £312 millions (16.26%)
- Other £141 millions (7.33%)
- Flat/Maisonette £474 millions (24.69%)
- Detached £230 millions (11.99%)
Total No Of Properties Sold By Property Type
In Merton the total number of properties sold in year 2015 was 3245.
The breakdown by different property types are:
- Terraced 1387 (42.74%)
- Semi-Detached 334 (10.29%)
- Other 82 (2.08%)
- Flat/Maisonette 1331 (41.02%)
- Detached 111 (3.42%)
Average & Median Sales Price
In 2015 the Average property price was £592 K in Merton. The average price for the different property types are:
- Detached £2.08 million
- Flat/Maisonette £356 K
- Other £1.72 millions
- Semi-Detached £935 K
- Terraced £551 K
The Median Price was £410 K.The median property price for the different property types are:
- Detached £173 K
- Flat/Maisonette £320 K
- Other £788 K
- Semi-Detached £685 K
- Terraced £460 K
New Vs Not New Property Statistics
By Value Of Sales
- Not New Property contributed £1.84 billion (95.59%)
- New Property 85 millions (4.41%) giving combined total of £1.92 billions.
By Number Of Sales
- The number of Not New Property sold was 3109 (95.81%)
- The number of New Properties sold was 136 (4.19%) giving combined total of 3245.
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