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Lessness Road, Morden, SM4

Yorkshire

£500,000
Listed on 20/05/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
764 sqft

Description

This mid-terraced three-bedroom home presents a solid opportunity for renovation and investment in a family-friendly neighborhood. The layout features an open-plan reception area that seamlessly connects to a fully equipped modern kitchen, creating a functional space for daily living. The property boasts direct access to a sizable private garden, ideal for outdoor activities or potential landscaping projects. A practical downstairs bathroom is complemented by a utility cupboard, while the first floor contains two generously sized double bedrooms, including a master suite with an en-suite shower room. A third single bedroom provides versatility, whether for family members, guests, or even as a dedicated home office. Additionally, the front driveway accommodates two vehicles and offers additional potential for expansion subject to planning permissions. Located on Lessness Road, this property benefits from proximity to numerous educational institutions—20 schools within a mile—making it appealing for families. Commuters will appreciate the convenience of multiple transport links; Mitcham Tram Stop is just 0.6 miles away, providing quick access to Wimbledon’s National Rail and Underground services (District Line). Morden Underground Station (Northern Line) sits one mile from the property, while St Helier National Rail station is only 0.7 miles away with direct routes to key destinations like Wimbledon and Farringdon. Surrounded by ample green spaces and local amenities in nearby Carshalton, St Helier, and Morden, this home not only offers comfortable living but also significant renovation potential to enhance value over time.

Investment Analysis

(SM4 area)

Above Market Value

This property is priced +14.8% above area average per sq ft

+14.8%
This Property
£654/sq ft
Area Average
£570/sq ft
Avg Rent (weekly)
£486
Avg Yield
5.1%

Renovation Potential

Est. Renovation Cost
£50,000 - £125,000
10-25% of property value
Target Value
£479,112
10% above area average per sq ft
Potential ROI
-23.3%
After renovation
Monthly Sales
13
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (SM4)

Area prices are rising by +8.5% over the last 12 months
3 year growth: 14.3%
5 year growth: 23.5%
Investment Disclaimer: Analysis based on SM4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Lessness Road, Morden, SM4
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