# 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 | | Construction age | England and Wales: 1950-1966 | | Floor area | 60 m² | | Last sold | £412,500 Apr 2024 | ## EPC Rating & Upgrade Cost - **Current rating:** D - **Potential rating:** B - **Current heating cost:** £868/year - **Est. upgrade cost to C:** £10,540 ### Recommendations - W1 (£800 - £1,200) - E (£40) - N (£4,000 - £6,000) - U (£3,500 - £5,500) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/2692-3030-0201-3207-4204) ## 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 Hall****Lounge**: 13'1 x 11'8 (3.99m x 3.56m)**Kitchen**: 14'7 x 7'8 (4.45m x 2.34m)**Landing****Bedroom 1**: 11'8 x 11'8 (3.56m x 3.56m)**Bedroom 2**: 9'5 x 9'5 (2.87m x 2.87m)**Bathroom****Driveway****Rear 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. ## 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).* ## Price per Square Metre - **£/m²:** £7,083/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 18.6% ## House Price Index (HM Land Registry) *Official index for Merton; Semi-detached series; as of March 2026.* - **1y growth (index):** -0.5% - **5y growth (index):** 9.9% - **10y growth (index):** 18.9% ## 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)