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Lessness Road, Morden

London

£400,000
Listed on 21/03/2026

Property Details

Bedrooms
1
Type
House
Area
421 sqft

Description

This one-bedroom end-of-terrace house is a freehold property that has undergone recent renovations, yet still presents an appealing opportunity for further enhancement. The ground floor boasts an inviting open-plan kitchen and living area that seamlessly connects to a west-facing garden, perfect for enjoying the afternoon sun. It includes a separate utility space and a modern bathroom on this level. Upstairs, you will find a spacious double bedroom accompanied by a dressing area which could easily serve as a home office. While the house is in excellent condition with updated windows, boiler, and roof, the standout feature is the potential for expansion; the side land opens up possibilities for a double-storey extension (subject to planning permission). Located conveniently near Morden town centre and transport links, this property is ideal for first-time buyers or investors looking for a freehold home with considerable future potential.

Investment Analysis

(SM4 area)

Above Market Value

This property is priced +68.6% above area average per sq ft

+68.6%
This Property
£950/sq ft
Area Average
£563/sq ft
Avg Rent (weekly)
£484
Avg Yield
5.0%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£260,934
10% above area average per sq ft
Potential ROI
-38.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (SM4)

Area prices are rising by +2.6% over the last 12 months
3 year growth: +8.0%
5 year growth: +14.2%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,443
Based on a loan of £300,000 over 30 years at 4.06% 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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