7, LOWER MORDEN LANE, MORDEN, SM4 4SE - £515,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

7 LOWER MORDEN LANE is a very small detached house of 66m², built sometime between 1930 and 1949. It was last sold for £515,000 in November 2015, which was around 63% below the average November 2015 detached price in the Merton local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

7 LOWER MORDEN LANE Sold Prices

Land registry data shows two sales for 7 LOWER MORDEN LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Merton local authority area for the corresponding sale date. Both of the two 7 LOWER MORDEN LANE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2015 20 NOV	£515,000	£1,394,635	63% below HPI
2006 5 JAN	£290,000	£612,239	53% below HPI

7 LOWER MORDEN LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Merton local authority area over time, sourced from the HPI. The two 7 LOWER MORDEN LANE sales from January 2006 and November 2015 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the January 2006 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the November 2015 sale, where it falls to 63% below the HPI. The line then continues to track at 63% below the HPI.

How Large is 7 LOWER MORDEN LANE?

7 LOWER MORDEN LANE is 66m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 10% of detached houses in Morden, based on EPC data. The below chart shows the distribution of detached houses by size in Morden, and where 7 LOWER MORDEN LANE lies on this distribution: 6% of detached houses are smaller than 7 LOWER MORDEN LANE, and 94% of houses are larger. Note that EPC data is not available for all properties in Morden.

7 LOWER MORDEN LANE: Plot and Title Map

7 LOWER MORDEN LANE sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 7 LOWER MORDEN LANE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 7 LOWER MORDEN LANE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 7 LOWER MORDEN LANE?

7 LOWER MORDEN LANE is located in MORDEN, in the SM4 postcode district. The below map shows the position of No. 7 on LOWER MORDEN LANE.