A typical home in Morden sells for about £485,000. Flats go for around £300,000. Terraces cost about half a million. Semis cost more again. That is London money for a house built on what were fields when the tube first arrived.
The Land Registry recorded 240 sales in the year to May 2026, and the typical price across all of them was about £485,000. Terraces made up most of that market, with 141 sales at a typical £510,000. There were 62 flat sales at about £303,000 and 34 semi sales at roughly £608,000. Only three detached houses sold, at about £585,000, which is too few to tell you anything except that Morden hardly built any. The terrace is the standard house here, and its price is effectively the price of Morden.
The official house price index for the area had the average down 1.3% in the year to May 2026, which is a small drop. Flats fell further, by 3.7% over the same twelve months. That is welcome news for a first-time buyer looking at a one-bed near the station, and less welcome for the owner who bought one expecting the Northern Line to keep pushing its value up.
Band C is the most common council-tax band, and only 10% of homes are in bands A or B. A band D home pays about £2,147 a year. The London County Council built the St Helier estate in the 1930s to house workers moving out of inner London, and much of that housing stock still comes in at a middle band today.
Merton's private rents average about £2,100 a month as of April 2026. That is a mean from the Office for National Statistics rent index for the whole borough, so Wimbledon is included. By size, a one-bed averages about £1,580, a two-bed about £1,950, a three-bed about £2,320 and four bedrooms or more about £3,170. Figures for studios and single rooms aren't published. A family renting a three-bed here pays the borough's three-bed rate whether or not their street looks like the borough's best.
The Office for National Statistics models gross household income in Morden at about £76,000 for the financial year to March 2023. That is before tax, and three years old. Measured against a £485,000 typical sale, buying here is a stretch for a single average income and manageable for two decent ones. The mortgage is paid out of what is left after tax, which is a good deal less than £76,000.
Of the sales that could be matched to an energy certificate's floor area, about 88% of the total, the median price was about £6,400 per square metre. The typical home behind that figure has about 78 square metres. That is interwar floor space at today's suburban London rates.
In the 2021 Census, 46% of homes had three bedrooms, 27% had two, 17% had four or more and 9% had one. The three-bed terrace is the house most buyers here are searching for, and the competition for it is correspondingly heavy.
Morden costs a middling amount: cheap for London and still too dear to call affordable. The discount is real, and it shows up in the floor space far more than in the price.