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House Prices in SM4

The average house price in SM4 (Morden) is £475,384 using HM Land Registry data.

The average property price increased by £85,096 (13.56%) over the last 5 years and increased by £17,050 (2.23%) over the last 12 months.

Over the last year, there were 221 residential property sales – a decrease of 122 transactions (-55.20%) relative to the previous year. The majority of house sales (51) were in the £446,000 - £524,000 range. Then came properties in the £524,000 - £602,000 range, where 36 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 93 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,462 (-2%).

In Oct 24, there were 45 new estate agency instructions, 55 agreed home sales and 34 property price reductions.

5-Year Average Property Prices in SM4 (Morden)

13.56%

Property prices in Morden increased by 13.56% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in SM4 (Morden) Over the Last Year

2.23%

Property prices in Morden increased by 2.23% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for SM4 (Morden) - Oct 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in SM4 (Morden)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in SM4 (Morden)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in SM4 (Morden)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the SM4 (Morden) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the SM4 postcode area since 1995.

Recent Sales in SM4 (Morden)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
42 Rutland Drive, Morden, Greater London, SM4 5QH	£650,000	£650,000	£00	18 Jul 2024	20 Aug 2024	33 Days
44 Canterbury Road, Morden, Greater London, SM4 6QP	£500,000	£495,000	-£5,000	19 Feb 2024	13 Aug 2024	176 Days
18 Bristol Road, Morden, Greater London, SM4 5SB	£495,000	£490,000	-£5,000	15 Mar 2024	26 Jul 2024	133 Days
30 Netley Gardens, Morden, Greater London, SM4 6JW	£500,000	£480,000	-£20,000	16 Feb 2024	25 Jul 2024	160 Days
75 Hillcross Avenue, Morden, Greater London, SM4 4AY	£570,000	£562,500	-£7,500	12 Jan 2024	19 Jul 2024	189 Days
125 Martin Way, Morden, Greater London, SM4 4AR	£340,000	£340,000	£00	23 Feb 2024	12 Jul 2024	140 Days
274 Garth Road, Morden, Greater London, SM4 4NL	£475,000	£450,000	-£25,000	27 Sep 2023	28 Jun 2024	275 Days
188 St Helier Avenue, Morden, Greater London, SM4 6LA	£575,000	£545,000	-£30,000	08 Dec 2023	27 Jun 2024	202 Days
5 Crown Road, Morden, Greater London, SM4 5DD	£475,000	£450,000	-£25,000	21 Apr 2023	07 Jun 2024	413 Days
55 Aragon Road, Morden, Greater London, SM4 4QG	£455,000	£450,000	-£5,000	13 Nov 2023	07 Jun 2024	207 Days
67 Bordesley Road, Morden, Greater London, SM4 5LW	£550,000	£525,000	-£25,000	16 Nov 2023	04 Jun 2024	201 Days
42 Hatfeild Mead, Morden, Greater London, SM4 5PE	£280,000	£280,000	£00	06 Oct 2018	28 May 2024	2061 Days
430 Lynmouth Avenue, Morden, Greater London, SM4 4RU	£665,000	£660,000	-£5,000	22 Feb 2024	24 May 2024	92 Days
127 Glastonbury Road, Morden, Greater London, SM4 6NY	£425,000	£415,000	-£10,000	03 Nov 2023	21 May 2024	200 Days
102a, Tudor Drive, Morden, Greater London, SM4 4PF	£349,950	£340,000	-£9,950	21 Oct 2023	16 May 2024	208 Days
328 Bishopsford Road, Morden, Greater London, SM4 6BX	£400,000	£400,000	£00	04 Dec 2023	10 May 2024	158 Days
197 Lynmouth Avenue, Morden, Greater London, SM4 4RR	£500,000	£497,500	-£2,500	03 Nov 2023	10 May 2024	189 Days
64 Glenthorpe Road, Morden, Greater London, SM4 4JW	£745,000	£730,000	-£15,000	16 Feb 2023	07 May 2024	446 Days
36 Bishopsford Road, Morden, Greater London, SM4 6AX	£490,000	£490,000	£00	25 Oct 2023	07 May 2024	195 Days
110 Aragon Road, Morden, Greater London, SM4 4QQ	£510,000	£500,000	-£10,000	25 Oct 2023	29 Apr 2024	187 Days

Most Expensive Streets in SM4 (Morden)

Postcode	Street	Area	Average	No. of Sales
SM4 4DB	Maycross Avenue	Morden	£803,000	4
SM4 4DF	Maycross Avenue	Morden	£770,850	5
SM4 4DG	Mossville Gardens	Morden	£766,583	6
SM4 4EF	Ashridge Way	Morden	£740,333	6
SM4 4HD	Cherrywood Lane	Morden	£734,166	6
SM4 4EW	Monkleigh Road	Morden	£731,750	4
SM4 4SP	Lower Morden Lane	Morden	£719,375	4
SM4 4HL	The Green	Morden	£710,375	8
SM4 4HX	Greenwood Close	Morden	£709,285	7
SM4 6AA	Wandle Road	Morden	£701,666	3

Least Expensive Streets in SM4 (Morden)

Postcode	Street	Area	Average	No. of Sales
SM4 5HQ	Grosvenor Court, London Road	Morden	£221,950	10
SM4 5JF	Morden Hall Road	Morden	£238,237	4
SM4 5LA	Birchwood Close	Morden	£241,142	7
SM4 4NH	Beaver Close	Morden	£241,785	7
SM4 5SH	Central Gardens	Morden	£252,250	6
SM4 5HG	Grosvenor Court, London Road	Morden	£257,000	5
SM4 5AS	The Homefield	Morden	£262,800	5
SM4 5PF	Hatfeild Mead	Morden	£263,666	3
SM4 6AR	Freeman Road	Morden	£268,500	6
SM4 5BW	Schoolgate Drive	Morden	£270,090	11