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Morden Prices Rise By 50% In 5 Years!

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Published: 17/03/2016   Last Updated: 31/03/2016 16:19:20   Tags: Estate Agents Morden, House Prices Rise,

Ellisons Estate Agents have been selling property in Morden for the last 27 years and as an area it has seen great change over that time both in size and price.

 

Over the last 5 years property prices have risen in Morden by as much as 50%.  As neighbouring area’s like Wimbledon and Raynes Park have become more and more expensive, buyers have been forced to move further out in order to get more space for their money.

 

As a result demand for property in morden has risen dramatically to an extent when in 2014/2015 it was not uncommon to have 30 buyers viewing one property on an Open Day resulting in numerous offers being put forward.

With demand constantly outweighing supply prices have been forced upwards and purchasers who bought from us within the last 5 years have been reaping the rewards with many coming back to Ellison's in 2015 to help them make the most of the rise in equity.

 

Mr and Mrs E bought their 2 bedroom house through us in Darley Gardens in May 2012 for £249,950 and last November we helped them sell for £375,000 a rise of 50% in just over 3 years.

 

Mr M bought his one bed flat in Buttermere Close in September 2013 for £174,950 and last November we helped him achieve a sale price of £240,000 a rise of 37% in 3 years.

 

Mrs O bought her 3 bedroom town house in Schoolgate Drive in June 2010 for £315,000 and last September we helped her sell for a record £455,000 a rise of 44% in 5 years.

 

With further investment and development planned for the town centre Morden is sure to continue rising for years to come.

 

If you would like to know how much your home has increased by, please call 0208 543 1166.