Sold STC Semi-detached

38 FURNESS ROAD

MORDEN, GREATER LONDON SM4 6PR

2 beds 1 baths 60 m² Listed 27 Sep 2023 (-974d)

£425,000

Guide Price

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# 2 bedroom semi-detached house for sale (SM4 6PR)

## Property Details

| Key | Value |
|-----|-------|
| Address | 38 FURNESS ROAD, MORDEN, GREATER LONDON SM4 6PR |
| Price | £425,000 |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Council tax | C |
| Last sold | £412,500 Apr 2024 |

## Description

The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

## Property Photos

- ![Front Elevation](/listings/photos/140503802/513943) - Front Elevation
- ![Lounge](/listings/photos/140503802/513944) - Lounge
- ![Kitchen](/listings/photos/140503802/513945) - Kitchen
- ![Bedroom 1](/listings/photos/140503802/513946) - Bedroom 1
- ![Lounge](/listings/photos/140503802/513947) - Lounge
- ![Bathroom](/listings/photos/140503802/513948) - Bathroom
- ![Rear Elevation](/listings/photos/140503802/513949) - Rear Elevation
- ![Driveway/Parking](/listings/photos/140503802/513950) - Driveway/Parking

## Floorplans

- ![Ground Floor](/listings/photos/140503802/513951) - Ground Floor
- ![First Floor](/listings/photos/140503802/513952) - First Floor

## FENSA Certificates

This property has 1 FENSA certificate(s) on record.

### FENSA Certificate #9461833
- **Address:** 38 Furness Road, MORDEN, SM4 6PR
- **Certificate Issued:** 08/04/2013
- **Work Completed:** 18/03/2013
- **Items:** 6 window(s)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 38 FURNESS ROAD, MORDEN, MERTON, GREATER LONDON, SM4 6PR | £412,500 | 30/04/2024 | Semi-detached |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 23 FLAXLEY ROAD, MORDEN, MERTON, GREATER LONDON, SM4 6LJ | £455,000 | 27/10/2023 | Semi-detached |
| 82 MIDDLETON ROAD, MORDEN, MERTON, GREATER LONDON, SM4 6RR | £485,000 | 01/06/2023 | Semi-detached |
| 107 MIDDLETON ROAD, MORDEN, MERTON, GREATER LONDON, SM4 6RG | £490,500 | 17/06/2022 | Semi-detached |

**Area average:** £476,833 (3 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £679,000 (7 Semi-detached, SM4, 2024–2026)
- **Deviation:** -37.4%

## 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

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, Island House, SM4 | £1,950/mo | 2 | 0.71 miles | OpenRent |
| 2 Bed Flat, Rear Upper  London Road, SM4 | £1,450/mo | 2 | 0.94 miles | OpenRent |

**Average rent: £1,700/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 0.4% (weak for cashflow)
- **Max investor price (0.8%):** £212,500
- **Target investor price (1%):** £170,000

*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 OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,700/mo).*

- **Gross yield:** 4.8%
- **Cost-to-rent:** 20.8×
- **Monthly cashflow:** £-169/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -1.6%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 22.9%

## House Price Index (HM Land Registry)

*Official index for Merton; Semi-detached series; as of February 2026.*

- **1y growth (index):** -2.2%
- **5y growth (index):** 9.7%
- **10y growth (index):** 22.5%

## 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)

Front Elevation Lounge Kitchen Bedroom 1 Lounge Bathroom Rear Elevation Driveway/Parking

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Property details

Tenure

FREEHOLD

Floor area

60 m²

Council tax band

Last sold

£412,500 Apr 2024

Local average

£679,000 (-37.4%)

Deprivation

Decile 4 (11,240 of 33,755)

Street crime

350 incidents within 1 mile (Mar 2026)

Key features

Sold by Cubitt & West
Well located for transport links with easy access into London via Morden tube station and Thames Link service
Spacious kitchen
Both bedrooms are doubles
Driveway parking
Loft storage
Benefits from being within close proximity to good and outstanding schools
EPC energy rating D

Additional details

Parking: Off street
Garden: Back garden

Description

Offering easy access into London via Morden Tube Station, this Semi-Detached Home boasts 2 double bedrooms as well as a spacious kitchen! Benefits from having driveway parking as well as being in close proximity to good and outstanding schools. Ideal for First Time Buyers and Investors!Room sizes:Entrance HallLounge: 13'1 x 11'8 (3.99m x 3.56m)Kitchen: 14'7 x 7'8 (4.45m x 2.34m)LandingBedroom 1: 11'8 x 11'8 (3.56m x 3.56m)Bedroom 2: 9'5 x 9'5 (2.87m x 2.87m)BathroomDrivewayRear Garden
The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose.

We are pleased to offer our customers a range of additional services to help them with moving home. None of these services are obligatory and you are free to use service providers of your choice. Current regulations require all estate agents to inform their customers of the fees they earn for recommending third party services. If you choose to use a service provider recommended by Cubitt & West, details of all referral fees can be found at the link below. If you decide to use any of our services, please be assured that this will not increase the fees you pay to our service providers, which remain as quoted directly to you.

Listed by

Sutton

Arun Estates

Reference: 140503802

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Ground Floor

First Floor

FENSA Certificates

This property has 1 FENSA certificate(s) on record, indicating window/door installations by FENSA-approved installers.

FENSA Certificate #9461833

Property Details

Street: 38 Furness Road

Town: MORDEN

Postcode: SM4 6PR

Installation Details

Items: 6 windows

Certificate Issued: 08/04/2013

Work Completed: 18/03/2013

This certificate data was retrieved from FENSA's database

What is FENSA? FENSA (Fenestration Self-Assessment Scheme) is a government-authorised scheme that monitors building regulation compliance for replacement windows and doors. Certificates indicate that work was completed by FENSA-approved installers.

Price history

Event	Date	Price	% change
Sold	30/04/2024 (2 years ago)	£412,500	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

Same street and nearby sales within 0.25 miles (last 5 years). Data from Land Registry Price Paid.

Address	Price	Date	Type
23 FLAXLEY ROAD, MORDEN, MERTON, GREATER LONDON, SM4 6LJ	£455,000	27/10/2023	Semi-detached
82 MIDDLETON ROAD, MORDEN, MERTON, GREATER LONDON, SM4 6RR	£485,000	01/06/2023	Semi-detached
107 MIDDLETON ROAD, MORDEN, MERTON, GREATER LONDON, SM4 6RG	£490,500	17/06/2022	Semi-detached

Area average: £476,833 (3 sales)

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth 22.9%

House Price Index (HM Land Registry — official index, not sold-price averages): Merton. Series: Semi-detached. As of February 2026.

1y (index) -2.2%

5y (index) 9.7%

10y (index) 22.5%

Rental Range

Estimated market rent for Merton. Low = conservative, Realistic = average, Optimistic = best case.

Low £1,887/mo

Realistic £2,097/mo

Optimistic £2,307/mo

Based on Local Authority from postcode lookup → Merton.

LHA (30th percentile) floor for Outer South London: £1,197/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View SM4 6PR

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	Hail & Ride Furness Road	0.1 miles
Train station	St. Helier	0.3 miles
Shop	Cleanerwash	0.3 miles
Shop	Unknown	0.3 miles
Train station	Morden South	0.5 miles
Hospital	Queen Mary's Childrens' Hospital	0.7 miles
Hospital	Chapel Orchard Day Surgery	1.3 miles
University	Horton Halls Reception	3.3 miles
University	BIMM Institute London	6.2 miles

Street-level crime

Category	Count
Violence and sexual offences	105
Anti-social behaviour	66
Public order	27
Vehicle crime	26
Drugs	25
Other theft	25
Criminal damage and arson	23
Shoplifting	12
Theft from the person	12
Burglary	9
Robbery	8
Other crime	6
Possession of weapons	4
Bicycle theft	2
Total incidents	350

Within 1 mile during Mar 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Canterbury Campus and Lavender Campus	Other	0.1 miles	Good — 9 Jan 2013
Malmesbury Primary School	Primary	0.3 miles	Good — 3 Nov 2019
Abbotsbury Primary School	Primary	0.4 miles	Good — 11 Jul 2013
Abbey Primary School	Primary	0.4 miles	Good — 9 Jul 2014
St Teresa's Catholic Primary School	Primary	0.5 miles	Good — 27 Feb 2012

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
2 Bed Flat, Island House, SM4	£1,950/mo	2	0.71 miles	OpenRent
2 Bed Flat, Rear Upper London Road, SM4	£1,450/mo	2	0.94 miles	OpenRent

Average rent: £1,700/mo (2 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.4%

Max investor price (0.8%) £212,500

Target investor price (1%) £170,000

Gross yield 4.8%

Cost-to-rent ratio 20.8×

Monthly cashflow £-169/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -1.6%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).