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Lessness Road, Morden

London

£425,000
Listed on 16/01/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
775 sqft

Description

This two-bedroom mid-terrace home presents an excellent opportunity for investors or those looking to create their dream space. Situated on a peaceful side street, the property is conveniently located near Morden Underground Station and offers easy access to local amenities and reputable schools like Harris Academy Morden. Though it currently requires modernisation, the layout features a spacious lounge, a kitchen that opens directly to a manageable rear garden, two generously sized double bedrooms, and a family bathroom on the first floor. Additionally, off-street parking enhances convenience. With thoughtful renovations, this home has great potential for both enhancement in livability and increase in market value.

Investment Analysis

(SM4 area)

Below Market Value

This property is priced -2.4% below area average per sq ft

-2.4%
Potential saving
This Property
£548/sq ft
Area Average
£562/sq ft
Avg Rent (weekly)
£520
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£478,764
10% above area average per sq ft
Potential ROI
+3.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (SM4)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 8.3%
5 year growth: 16.5%
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

Lessness Road, 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
£1,557
Based on a loan of £318,750 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.

Next Steps

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