A typical home in Wimbledon sells for about £605,000, and that figure is mostly flats. A flat costs about £425,000. A terrace costs nearly a million. Detached houses run into the millions. The average is propped up by one-beds, and the houses behind it are a different market entirely.
In the Land Registry's year to May 2026, 735 homes changed hands, at a median of £605,000. Flats made up 402 of those sales, at a median of about £425,000. The 237 terraced houses went for about £965,000 and the 62 semis for about £1,178,000. Only 34 detached houses sold, at a median of around £3,335,000. So the place has two prices. One gets you a flat near the Broadway, and the other needs a career in something lucrative and a partner with the same idea.
The house price index for the area put the average at about £597,000 in May 2026, down about 1% over twelve months and 0.7% in the latest month. Flats did worse, down about 4% over the year. Over five years the index is up about 5%. These are published changes for the index area and they describe a soft market, a long way from a crash. Flat buyers have a little more room to negotiate than they did a year ago, and terraced house owners have barely noticed.
The most common council tax band is C, and only about 10% of homes fall in Bands A or B. Merton charges about £2,147 a year for a Band D home. A Band H mansion near the Common comes to about £4,294, which is less than a lot of people here spend on school uniforms.
For tenants, the typical private rent across the whole of Merton was about £2,100 a month as of April 2026, up about 2% on a year earlier. That is a mean from the Office for National Statistics rent index for the borough, so Mitcham and Morden pull it in one direction and Wimbledon Village pulls it in the other. A one-bed averages about £1,580 a month, a two-bed about £1,950, a three-bed about £2,320 and a four-bed or larger about £3,170. Studio and room rents are not published at this level.
The Office for National Statistics models gross household income, before tax, at about £92,600 for the financial year to March 2023, averaged across the area's neighbourhoods. That is high, and it still runs out quickly against these prices. A household on that income with a decent deposit can reach a flat. The terraced houses belong to people who were already on the ladder somewhere expensive and are trading sideways. Plenty of people who grew up in a Wimbledon terrace now rent a Wimbledon flat and visit their parents for the garden.
Of the sales that could be matched to an energy certificate, about 64% of the total, the median price was about £8,630 per square metre, on a typical floor area of about 98 square metres. Those 471 measurable sales lean towards homes that have changed hands or been let recently, so the figure is a good guide to the market as it trades. Size is what you pay for here, and it is never cheap. If a flat has had a recent price cut, look up what the other flats in the same block sold for in the past year, because with flat prices down about 4% the asking price can lag behind the block's own sales.
In the 2021 Census, about 19% of homes had one bedroom, 34% had two, 23% had three and about 25% had four or more. Two-beds are the default, which fits a stock of converted Edwardian houses and purpose-built flats. Families looking for the third bedroom are chasing less than a quarter of the homes, and so is everyone else who wants a home office.
Wimbledon is an expensive place to buy, and the flats are the only part of the market most incomes can reach. The houses cost what the location costs, and that has not moved much in five years.