Based on HM Land Registry and Rightmove data, the average sold price in SM4 sits at approximately £496,616 to £500,075, with our live Atlas data showing current asking prices averaging £501,501. Property Solvers reports a 2.1% increase in property prices in SM4 over the last 12 months, while the SM4 5 postcode sector has shown particularly strong growth at 5.9% according to Housemetric data. Some specific streets, including areas around SM4 5RT, have seen price increases of 6.3% year-on-year, demonstrating continued demand in this well-connected pocket of South London.
The market shows clear price differentiation by property type, with Zoopla recording detached properties at an average of £617,500, semi-detached homes at £625,296, terraced houses at £531,832, and flats at £307,506. Our Atlas data confirms similar patterns, with flats averaging £308,556 while terraced properties command £528,831 on average. The 238 residential sales in SM4 over the last year represent a 35% decrease compared to the previous year, reflecting broader national market adjustments, though this has created opportunities for buyers while maintaining solid price growth for sellers.
Rightmove data indicates that overall sold prices in SM4 are now 3% above the 2022 peak of £484,898, demonstrating long-term resilience despite short-term volume fluctuations. Foxtons estimates current property values at £603,500 overall, with houses averaging £844,500 and flats at £362,500, reflecting the premium that Morden commands within the Merton borough. The rental market also remains active, with 71 properties currently available to rent through 25 agents, and Goodfellows leading the rental sector with 14 listings at an average of £2,014 per month.