# 2 bedroom apartment for sale (SM4 5SH) ## Property Details | Key | Value | |-----|-------| | Address | 47 CENTRAL GARDENS, MORDEN, GREATER LONDON SM4 5SH | | Price | £265,000 | | Bedrooms | 2 | | Bathrooms | 1 | | Council tax | TBC | | Last sold | £263,000 Sep 2023 | ## Description Andrews Property Group Morden Branch are pleased to offer to the market this first floor apartment with no onward chain. The accommodation offers, two double bedrooms, lounge / diner, kitchen and bathroom. This property could be well suited to first time buyers, investors or a second abode. The property is located within 0.56 miles of Morden town centre providing a variety of shops, restaurants, coffee shops and cafes. Plus super market shopping in Lidl and Sainsburys. Morden Northern Line Tube station will take you in to London too. Please call Andrews Morden Branch to arrange to view. Andrews Property Group Morden Branch are pleased to offer to the market this first floor apartment with no onward chain. The accommodation offers, two double bedrooms, lounge / diner, kitchen and bathroom. This property could be well suited to first time buyers, investors or a second abode. The property is located within 0.56 miles of Morden town centre providing a variety of shops, restaurants, coffee shops and cafes. Plus super market shopping in Lidl and Sainsburys. Morden Northern Line Tube station will take you in to London too. Please call Andrews Morden Branch to arrange to view. ## Property Photos - ![Front Elevation](/listings/photos/133737806/314193) - Front Elevation - ![Lounge Diner](/listings/photos/133737806/314194) - Lounge Diner - ![Dining Area](/listings/photos/133737806/314195) - Dining Area - ![Kitchen](/listings/photos/133737806/314196) - Kitchen - ![Bathroom](/listings/photos/133737806/314197) - Bathroom - ![Bedroom](/listings/photos/133737806/314198) - Bedroom - ![Bedroom](/listings/photos/133737806/314199) - Bedroom - ![Communal Gardens](/listings/photos/133737806/314200) - Communal Gardens ## Floorplans - ![Floorplan](/listings/photos/133737806/314201) - Floorplan ## EPC Graphs - ![EPC Rating Graph](/listings/photos/133737806/314202) - EPC Rating Graph ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 47 CENTRAL GARDENS, MORDEN, MERTON, GREATER LONDON, SM4 5SH | £263,000 | 08/09/2023 | Flat | | 47 CENTRAL GARDENS, MORDEN, MERTON, GREATER LONDON, SM4 5SH | £77,950 | 13/08/1999 | Flat | | 47 CENTRAL GARDENS, MORDEN, MERTON, GREATER LONDON, SM4 5SH | £42,000 | 21/02/1997 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | LAUREL HOUSE FLAT 8 CENTRAL ROAD, MORDEN, MERTON, GREATER LONDON, SM4 5RW | £192,500 | 18/12/2025 | Flat | | 238 CENTRAL ROAD, MORDEN, MERTON, GREATER LONDON, SM4 5PP | £309,000 | 08/07/2025 | Flat | | ASSEMBLY HOUSE, 1 FLAT 1 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5BG | £385,000 | 24/11/2023 | Flat | | NURSERY VIEW HOUSE, 38 FLAT 4 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5DH | £340,000 | 06/10/2023 | Flat | | FIELD HOUSE, 40 FLAT 96 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5DJ | £247,500 | 11/08/2023 | Flat | | WINDINGS HOUSE, 23 FLAT 24 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5DB | £330,000 | 10/08/2023 | Flat | | CLUSTER HOUSE, 22 FLAT 18 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5BW | £285,000 | 14/07/2023 | Flat | | 51 BLANCHLAND ROAD, MORDEN, MERTON, GREATER LONDON, SM4 5NE | £372,500 | 28/06/2023 | Flat | | 93 BLANCHLAND ROAD, MORDEN, MERTON, GREATER LONDON, SM4 5NF | £471,000 | 04/05/2023 | Flat | | WINDINGS HOUSE, 23 FLAT 10 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5DB | £260,000 | 14/02/2023 | Flat | | [Same street] 27 CENTRAL GARDENS, MORDEN, MERTON, GREATER LONDON, SM4 5SH | £249,000 | 11/11/2022 | Flat | | FIELD HOUSE, 40 FLAT 57 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5DJ | £270,000 | 21/10/2022 | Flat | | ASSEMBLY HOUSE, 1 FLAT 20 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5BG | £350,000 | 13/10/2022 | Flat | | [Same street] 1 CENTRAL GARDENS, MORDEN, MERTON, GREATER LONDON, SM4 5SH | £252,500 | 27/09/2022 | Flat | | FIELD HOUSE, 40 FLAT 65 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5DJ | £350,000 | 23/09/2022 | Flat | | FIELD HOUSE, 40 FLAT 87 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5DJ | £267,000 | 09/09/2022 | Flat | | WINDINGS HOUSE, 23 FLAT 25 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5DB | £280,000 | 15/07/2022 | Flat | | CLUSTER HOUSE, 22 FLAT 1 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5BW | £235,000 | 15/07/2022 | Flat | | FIELD HOUSE, 40 FLAT 39 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5DJ | £270,000 | 07/07/2022 | Flat | | [Same street] 42 CENTRAL GARDENS, MORDEN, MERTON, GREATER LONDON, SM4 5SH | £250,000 | 07/06/2022 | Flat | | CATCHMENT HOUSE, 9 FLAT 5 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5BF | £315,000 | 26/05/2022 | Flat | | FIELD HOUSE, 40 FLAT 40 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5DJ | £340,000 | 26/05/2022 | Flat | | ASSEMBLY HOUSE, 1 FLAT 2 SCHOOLGATE DRIVE, MORDEN, MERTON, GREATER LONDON, SM4 5BG | £365,000 | 24/05/2022 | Flat | | [Same street] 46 CENTRAL GARDENS, MORDEN, MERTON, GREATER LONDON, SM4 5SH | £255,000 | 04/03/2022 | Flat | **Street average:** £251,625 (4 sales) **Area average:** £311,725 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £284,382 (17 Flat, SM4, 2024–2026) - **Deviation:** -6.8% ## Rental Range *ONS Price Index of Private Rents (Merton). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £1,887/mo - **Realistic:** £2,097/mo - **Optimistic:** £2,307/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Outer South London (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £1,197/mo ## 1% Rule - **Rent ratio:** 0.79% (weak for cashflow) - **Max investor price (0.8%):** £262,125 - **Target investor price (1%):** £209,700 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on Area rent estimate.* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -11.8% - **10y growth:** 3.9% ## House Price Index (HM Land Registry) *Official index for Merton; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -5.7% - **5y growth (index):** -2.4% - **10y growth (index):** 4.2% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)