CBRE Borough Guide: Merton
Merton is one of London’s typical suburban boroughs having developed largely in the 1930s with the arrival of Underground and Overground rail routes. It is also one of London’s greenest boroughs and home to large swaths of greenspace which includes Wimbledon Common. It’s also has one of the lowest house price to earnings ratio in London at 10.4. However, this is due to its relatively affluent population rather than low house prices; the average salary in Merton is £50,000. Although it is considerably more affordable than neighbouring Wandsworth, which has a similar average salary but average house prices that are £80,000 higher.
Merton is due to benefit from plans to extend the tramlink network between South Wimbledon, Morden and Sutton and Crossrail 2 will be a catalyst for growth. A major interchange for the line is planned at Wimbledon which will help boost the town centre as an outer London office location. Morden is the main focus for housing development in Merton. The area hosts one of London’s housing zones and will receive £42 million of investment to deliver 1,100 homes and a new commercial offer.
Good to know:
- It has the fewest number of homes in the pipeline, with under 300 currently being constructed.
- Merton is famous for being the one-time residence of Lord Horatio Nelson.
- In 1798, Prime Minister William Pitt fought a duel against the MP for Southwark on Wimbledon Common.