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Greenwood Close, Morden, SM4

Yorkshire

£625,000
Listed on 06/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1055 sqft

Description

This three-bedroom mid-terraced home presents a unique opportunity for renovation and investment, with a layout that encourages customization. The property features a welcoming entrance hallway leading to a spacious bay-fronted reception room, perfect for creating an inviting living space. Adjacent to this area is a separate kitchen and a dining room that opens up via sliding doors to the outdoor patio, providing seamless access to the extensive 57-foot garden. The garden, which backs onto the tranquil Cherry Wood Nature Reserve, offers both privacy and serenity, making it an ideal setting for relaxation or outdoor gatherings. On the first floor, you'll find a generously sized principal bedroom with built-in wardrobes, as well as a second bedroom that overlooks the lush greenery of the reserve. A third bedroom adds versatility to the space, potentially serving as an office or guest room. The property also includes practical elements such as a cloakroom/WC and a separate family bathroom. With its solid structural foundation and ample outdoor space, this home is ripe for modernization. Its location near natural amenities enhances its appeal for future buyers or renters, positioning it as a worthwhile investment in an area that promises growth potential.

Investment Analysis

(SM4 area)

Above Market Value

This property is priced +3.9% above area average per sq ft

+3.9%
This Property
£592/sq ft
Area Average
£570/sq ft
Avg Rent (weekly)
£486
Avg Yield
5.1%

Renovation Potential

Est. Renovation Cost
£62,500 - £156,250
10-25% of property value
Target Value
£661,601
10% above area average per sq ft
Potential ROI
-15.3%
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

Greenwood Close, Morden, SM4
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