3 Bed Flat, Single Let, Bromley, BR1 2RG, £375,000

197 Widmore Road, Bromley, Kent BR1 2RG - 7 views - 2 years ago

Under Offer

BTL

ROI: 4%

~104 m²

+9 photos

ValuationUndervalued

Sold Prices	£225K - £1.0M
Sold Prices/m²	£2.4K/m² - £6.8K/m²

Square Metres	~104.30 m²
Price/m²	£3.6K/m²
Value Estimate	£452,064£452,064
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£93,750£93,750
Stamp Duty & Legal Fees	£18,700£18,700
Total Cash In	£112,450£112,450

Cash Out
Rent Range	£1,750 - £3,300£1,750 - £3,300
Rent Estimate	£1,900
Running Costs/mo	£1,572£1,572
Cashflow/mo	£328£328
Cashflow/yr	£3,938£3,938
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

30 sold prices from £225K to £1.0M, average is £355K. £2.4K/m² to £6.8K/m², average is £4.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£285K	03/23	0.09 mi	47, Tylney Road, Bromley, Greater London BR1 2RJ	£3,853	74	3	Flat
£410K	05/21	0.25 mi	6, Field Close, Bromley, Greater London BR1 2SF	£5,541	74	3	Flat
£435K	10/21	0.33 mi	11a, Page Heath Lane, Bromley, Greater London BR1 2DR	£3,884	112	3	Flat
£450K	03/23	0.52 mi	Flat 1, Englefield, Woodlands Road, Bromley, Greater London BR1 2AH	-	-	3	Flat
£425K	01/21	0.7 mi	33, Stanley Road, Bromley, Greater London BR2 9JH	-	-	3	Flat
£440K	11/20	0.8 mi	Flat 20, Hardwick House, Masons Hill, Bromley, Greater London BR2 9GW	-	-	3	Flat
£335K	06/21	0.85 mi	71, Heron Court, Bromley, Greater London BR2 9LR	-	-	3	Flat
£642.5K	02/23	0.88 mi	9a, Park Hill, Bromley, Greater London BR1 2JH	£5,937	108	3	Flat
£375K	01/23	0.93 mi	2, College Road, Bromley, Greater London BR1 3NS	-	-	3	Flat
£360K	06/23	1.1 mi	26b, London Road, Bromley, Greater London BR1 3QR	£4,933	73	3	Flat
£450K	07/23	1.1 mi	Flat 3, Weymouth House, Hill House Mews, Bromley, Greater London BR2 0DD	-	-	3	Flat
£838K	12/22	1.11 mi	4, Bonchester Close, Chislehurst, Greater London BR7 5HS	£6,758	124	3	Flat
£532K	09/22	1.11 mi	Flat 1, Morland House, Susan Wood, Chislehurst, Greater London BR7 5NG	-	-	3	Flat
£300K	08/21	1.15 mi	8, Weston Grove, Bromley, Greater London BR1 3RJ	£4,232	71	3	Flat
£350K	09/23	1.15 mi	60, Blyth Road, Bromley, Greater London BR1 3RU	£3,977	88	3	Flat
£340K	12/20	1.17 mi	38, Saxon Road, Bromley, Greater London BR1 3RP	£5,000	68	3	Flat
£285K	02/21	1.18 mi	36, Crown Lane, Bromley, Greater London BR2 9PQ	£3,276	87	3	Flat
£325K	12/22	1.33 mi	56a, Martins Road, Bromley, Greater London BR2 0EF	£5,078	64	3	Flat
£314K	09/23	1.34 mi	58a, Martins Road, Bromley, Greater London BR2 0EF	£5,148	61	3	Flat
£225K	02/21	1.37 mi	30a, Letchworth Drive, Bromley, Greater London BR2 9BE	£2,446	92	3	Flat
£300K	03/21	1.45 mi	109, Turpington Lane, Bromley, Greater London BR2 8JD	£4,167	72	3	Flat
£315K	03/21	1.55 mi	196, Magpie Hall Lane, Bromley, Greater London BR2 8JE	£3,750	84	3	Flat
£270K	03/21	1.58 mi	17, Cobham Close, Bromley, Greater London BR2 8JW	£3,418	79	3	Flat
£340K	11/21	1.59 mi	Flat 3, Laurel House, Bromley Road, Shortlands, Bromley, Greater London BR2 0AH	-	-	3	Flat
£830K	02/21	1.71 mi	Flat 1, Mead House, Heathfield Lane, Chislehurst, Greater London BR7 6AH	-	-	3	Flat
£390K	03/23	1.87 mi	Flat 5, The Chestnuts, St Pauls Cray Road, Chislehurst, Greater London BR7 6QD	-	-	3	Flat
£266K	11/23	1.88 mi	7, Belvoir Close, London, Greater London SE9 4TD	£3,455	77	3	Flat
£395K	06/23	1.88 mi	4, Widecombe Road, London, Greater London SE9 4HQ	£5,896	67	3	Flat
£315K	03/21	1.88 mi	102, Grove Park Road, Mottingham, London, Greater London SE9 4QB	£4,437	71	3	Flat
£1.0M	03/21	1.97 mi	Flat 12, Oaklands, Kemnal Road, Chislehurst, Greater London BR7 6LZ	£4,693	218	3	Flat

Local Rents

17 rents from £1.8K/mo to £3.3K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,850	03/24	0.23 mi	Plaistow Lane, Bromley	3	Bungalow
£2,400	03/25	0.32 mi	-	3	Flat
£2,300	02/24	0.37 mi	-	3	Semi-Detached House
£2,400	04/25	0.37 mi	-	3	Semi-Detached House
£2,380	04/25	0.37 mi	-	3	Semi-Detached House
£2,075	03/24	0.37 mi	Ellen Close, Bromley, BR1	3	Semi-Detached House
£2,200	03/24	0.47 mi	Romney Drive, Bromley, BR1	3	Terraced House
£2,400	04/24	0.5 mi	Palace View, Bromley BR2	3	House
£3,300	04/25	0.52 mi	-	3	Flat
£1,750	03/24	0.52 mi	Dainton Close, Bromley, BR1	3	Flat
£1,950	04/24	0.54 mi	Widmore Road, Bromley BR1	3	Flat
£2,300	03/24	0.54 mi	Walwyn Avenue, Bromley, BR1	3	Terraced House
£2,400	03/24	0.54 mi	Walwyn Avenue, Bromley, BR1	3	Terraced House
£2,400	03/24	0.54 mi	-	3	Terraced House
£2,500	04/24	0.54 mi	Sundridge Avenue Bromley BR1	3	House
£2,000	03/24	0.55 mi	Southlands Grove, Bickley, BR1	3	Terraced House
£2,000	04/24	0.56 mi	Southlands Grove, Bickley, Kent, BR1	3	House

Local Area Statistics

Population in BR1	55,93155,931
Population in Bromley	55,94755,947
Town centre distance	0.53 miles away0.53 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.52 miles away0.52 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+7%+7%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £375,000

October 24, 2023

Floor Plans

Description

3 double bedrooms +
16'8 x 14' reception room +
New kktchen/breakfast room +
Stunning bath/shower room +
2nd guest w.c +
Modern boiler +
Neutral decor +
Double glazed +
Front and rear access +
Parking to rear +

A huge 3 double bedroom split level first and second floor flat benefiting from two entrances; front and rear.
To the first floor there is a lovely new kitchen/breakfast room with built-in appliances, separate dining room/3rd bedroom, guest w.c., and a light and spacious sitting room overlooking Pembroke Park.
To the second floor are two further bedrooms and a stunning 4 piece bathroom with shower cubicle. Parking to rear.
Bickley station with services to London is close by and Bromley High Street is just a short bus ride away. There are also many good schools within walking distance.
Ground Rent: £200 pa (paid in May) Lease: 104 years Maintenance: Ad hoc Council Tax: D

Agent Details

Browne Estates, Bromley

020 3856 4254

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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3 Bed Flat, Single Let, Bromley, BR1 2RG, £375,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents