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The Drive, Morden

Yorkshire

£550,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
990 sqft

Description

This three-bedroom end-of-terrace house presents a compelling opportunity for those looking to invest in a property with significant renovation potential. While the home requires complete modernisation, its classic layout and features offer a solid foundation for transformation. Upon entering, you are greeted by an entrance hall that leads to two spacious reception rooms, providing flexibility for various living arrangements. The front reception room features coved cornice detailing and ample natural light, while the dining room is equipped with a TV point and built-in storage. The kitchen, although in need of updates, offers a functional layout with space for essential appliances and direct access to the garden. Adjacent to the kitchen is a utility room, which enhances practicality by providing additional space for laundry and storage needs. Upstairs, the property boasts three bedrooms with built-in storage solutions, ensuring efficient use of space. The largest bedroom benefits from generous dimensions and natural light, while the other two provide comfortable accommodations for family or guests. A bathroom completes this level, featuring standard amenities but ripe for modernisation. Outside, the property includes a front garden that offers off-street parking—a valuable asset in urban areas—while the rear garden extends approximately 62 feet and is mainly laid to lawn. This outdoor space allows ample room for landscaping or expansion possibilities. Additionally, there is a garage equipped with light and power as well as a separate garden store, both of which can be leveraged for storage or workshop purposes. Located within proximity to local amenities and transport links, this property is not only appealing for personal use but also holds strong investment potential. With no onward chain, it provides an immediate opportunity for buyers ready to create their vision in a promising location.

Investment Analysis

(SM4 area)

Below Market Value

This property is priced -1.8% below area average per sq ft

-1.8%
Potential saving
This Property
£556/sq ft
Area Average
£566/sq ft
Avg Rent (weekly)
£465
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£615,830
10% above area average per sq ft
Potential ROI
-2.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (SM4)

Area prices are rising by +4.8% over the last 12 months
3 year growth: 10.8%
5 year growth: 20.4%
Investment Disclaimer: Analysis based on SM4 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

The Drive, Morden
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,015
Based on a loan of £412,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE