2 Bed Flat, Single Let, BR2 9FT £340,000

8 Homesdale Road, Bromley, BR2, BR2 9FT - 2 years ago
Leasehold
BTL
ROI: 2%
~65 m²
Property image

ValuationFair Value

Sold Prices£112.5K - £520K
Sold Prices/m²£1.8K/m² - £7.2K/m²

 

 

Square Metres

~65.30 m²
Price/m²£5.2K/m²

Value Estimate

£343,659

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£85,000

Stamp Duty & Legal Fees

£25,200

Total Cash In

£110,200

 

 

Cash Out

 

Rent Range

£1,575 - £3,500

Rent Estimate

£1,600

Running Costs/mo

£1,403

Cashflow/mo

£198

Cashflow/yr

£2,370

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £112.5K to £520K, average is £330K. £1.8K/m² to £7.2K/m², average is £5.3K/m².

Price
Date
Distance
Address
Beds
 
£285K09/210.04 miFlat 27, Gainsborough Court, Homesdale Road, Bromley, Greater London BR2 9NB2
£368K12/240.11 mi48 Berkeley Court, Flat 12, Masons Hill, Bromley BR2 9JG2
£300K12/210.11 mi55, Woldham Road, Bromley, Greater London BR2 9LA2
£330.5K04/250.17 miFlat 2, 4, Hayes Lane, Hayes, Bromley BR2 9EB2
£330.5K04/250.17 miFlat 2, 4, Hayes Lane, Hayes, Bromley BR2 9EB2
£154.6K06/230.2 mi148, Homesdale Road, Bromley, Greater London BR2 9LH2
£112.5K12/240.28 miHardwick House, Flat 57, Masons Hill, Bromley BR2 9GW2
£412.5K03/250.28 mi12a, 42 Axiom Apartments, Sparkes Close, Bromley BR2 9BU2
£325K07/210.34 mi64, Addison Road, Bromley, Greater London BR2 9RR2
£365K01/250.38 mi28c, Langdon Road, Bromley BR2 9JS2
£310K08/230.45 mi13b, Page Heath Villas, Bromley, Greater London BR1 2QN2
£320K06/250.47 mi16, Page Heath Villas, Bickley, Bromley BR1 2QN2
£340K12/240.53 mi42a, Johnson Road, Bromley BR2 9SN2
£350K10/210.54 mi9, Field Close, Bromley, Greater London BR1 2SF2
£375K08/230.56 mi12, Field Close, Bromley, Greater London BR1 2SF2
£400K03/250.62 miApartment 7, 7 Dewey Court, St Mark's Square, Bromley BR2 9UZ2
£446.5K06/230.62 mi52, Beadon Road, Bromley, Greater London BR2 9AT2
£320K08/210.66 mi17, Rushmore Close, Bromley, Greater London BR1 2DJ2
£290K09/210.67 miFlat 138, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£330K05/230.67 miFlat 146, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£309K06/210.68 miFlat 6, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£295K07/210.68 miFlat 12, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£372K12/240.69 mi19 Glencairn, Flat 5, Southlands Grove, Bickley, Bromley BR1 2DA2
£310K11/220.69 mi12, Whitehaven Close, Bromley, Greater London BR2 0YA2
£295K03/230.69 mi44, Whitehaven Close, Bromley, Greater London BR2 0YA2
£335K05/230.69 miFlat 1, Crown Court, Victoria Road, Bromley, Greater London BR2 9PR2
£330K07/230.7 mi47c, Ravensbourne Road, Bromley, Greater London BR1 1HW2
£300K10/210.7 miFlat 121, Elgar Lodge, Fair Acres, Bromley, Greater London BR2 9BP2
£425K02/230.71 mi134b, Widmore Road, Bromley, Greater London BR1 3BP2
£300K08/230.72 miFlat 33, Handel Lodge, Fair Acres, Bromley, Greater London BR2 9BL2
£318K03/250.72 miFlat 20, 128 Cromarty Court, Widmore Road, Bromley BR1 3BX2
£330K12/240.73 mi5, Ethelbert Close, Bromley BR1 1JB2
£312.5K03/250.73 miFlat 54, Vaughan Lodge, Fair Acres, Bromley BR2 9BN2
£348K08/250.75 miFlat 10, 159 Westland Lodge, Widmore Road, Bromley BR1 3AX2
£300K12/240.77 mi1 The Laurels, Flat 24, Homefield Road, Bromley BR1 3LA2
£375K12/240.78 mi121, Flat 6, Widmore Road, Bromley BR1 3AH2
£322.5K12/240.78 mi20 Bow House, Flat 6, Mackintosh Street, Bromley BR2 9UX2
£425K08/250.79 miApartment 4, 143 Farmview Apartments, Hayes Lane, Hayes, Bromley BR2 9EQ2
£325K04/250.79 miFlat 2, 21 Paddington House, Mackintosh Street, Bromley BR2 9US2
£325K04/250.79 miFlat 2, 21 Paddington House, Mackintosh Street, Bromley BR2 9US2
£370K06/210.79 mi13, Madison Gardens, Bromley, Greater London BR2 0SJ2
£520K02/250.81 mi6, Flat 2, Park Hill, Bickley, Bromley BR1 2JH2
£455K12/240.82 mi4, Flat 2, Pines Road, Bickley, Bromley BR1 2AA2
£300K06/210.84 mi3, Kingsleigh Walk, Bromley, Greater London BR2 0YE2
£310K07/210.85 mi125a, Southborough Lane, Bromley, Greater London BR2 8AP2
£440K05/250.85 mi28, Spruce Park, Cumberland Road, Shortlands, Bromley BR2 0EH2
£440K05/250.85 mi28, Spruce Park, Cumberland Road, Shortlands, Bromley BR2 0EH2
£365K03/250.86 miFlat 3, 83 The Clock House, Tweedy Road, Bromley BR1 1RP2
£365K05/250.87 miFlat 26, 76 Florida Court, Westmoreland Road, Bromley BR2 0TR2
£365K05/250.87 miFlat 26, 76 Florida Court, Westmoreland Road, Bromley BR2 0TR2

Local Rents

50 rents from £1.6K/mo to £3.5K/mo, average is £1.8K/mo.

Rent
Date
Distance
Address
Beds
 
£1,75006/250 miHomesdale Road, Azzura House, BR22
£1,70004/240 miAzzura House, 8 Homesdale Road, Bromley2
£1,77502/240.01 mi-2
£1,70006/250.01 miIconia House, Bromley, BR22
£1,70006/250.01 mi-2
£1,90012/240.02 mi-2
£1,85011/250.02 miHomesdale Road, Bromley, BR22
£1,77508/250.02 miIconia House, Bromley, BR22
£1,77503/240.02 mi-2
£1,75002/240.02 mi-2
£1,77509/250.02 mi-2
£1,60011/250.02 miHomesdale Road, Bromley, BR22
£1,90007/250.03 miHomesdale Road, Bromley, BR22
£1,85002/250.03 mi-2
£1,90007/250.03 mi-2
£1,80005/250.03 miHomesdale Road, Bromley, BR22
£1,80007/250.03 miHomesdale Road, Bromley, BR22
£1,60006/250.04 mi-2
£1,65006/250.04 miHomesdale Road, Bromley, BR22
£1,75010/250.04 miGainsborough Court, Bromley2
£1,60011/250.04 miGainsborough Court, Bromley, BR22
£1,70008/250.04 mi19-21 Homesdale Road, Bromley, Kent, BR22
£1,65011/250.05 miHomesdale Road, Bromley, BR22
£1,67508/250.06 miGainsborough Court, Homesdale Road, Bromley2
£1,85007/250.07 miWells View, Bromley, BR22
£1,65011/250.07 miHomesdale Road, Bromley, BR22
£1,90010/250.09 miWoldham Place, Bromley2
£1,57503/240.09 miHomesdale Road, Bromley, BR2 9LD2
£1,72511/250.1 miMasons Hill, Bromley, Kent, BR2 9HW2
£1,65002/240.1 mi-2
£1,89510/250.12 miMasons Hill Bromley BR22
£1,65006/250.13 miMasons Hill, Bromley, BR22
£1,70010/250.13 miMasons Hill, Bromley, BR22
£2,30011/250.16 miBromley Common Bromley BR22
£2,10011/250.16 miBromley Common Bromley BR22
£2,10010/250.16 miBromley Common Bromley BR22
£2,30011/250.16 miBromley Common Bromley BR22
£2,20012/240.16 miDevonshire Square, Bromley, BR22
£1,65011/250.17 miNapier Road, Bromley, BR22
£1,75003/240.18 miGundulph Road, Bromley, BR22
£1,65004/240.18 miGlanville Road, Bromley, BR2 9LW2
£1,70005/250.18 miVincent Close, Bromley, London, BR22
£1,85004/240.18 miHavelock Road, Bromley, BR22
£1,70006/250.19 mi-2
£1,70007/250.2 miMasons Hill, Bromley, Kent, BR22
£1,70007/250.2 miMasons Hill, Bromley, Kent, BR22
£1,65003/240.21 miMasons Hill Bromley BR22
£2,15006/250.21 miSparkes Close, Bromley, Kent, BR22
£3,50006/250.22 mi-2
£1,95008/250.27 mi-2

Local Area Statistics

Population in BR2

44,903

Nearest school

0.20 miles away

Nearest train station

0.53 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £340,000

May 15, 2025

Price changed to £350,000

February 24, 2025

Price changed to £360,000

December 4, 2024

Listed for £370,000

February 13, 2024

Floor Plans

Property image

Description

  • Two Double Bedrooms +
  • Bathroom With Over Bath Shower +
  • Reception Room With Fitted Kitchen +
  • Video Entry & Elevator +
  • En Suite Shower Room +
  • Secure Parking +
  • Balcony +
  • Half Mile To Bromley South Station +
  • Ideal First Time Buy +
  • Must Be Viewed +

The Property
Located Within easy reach of Bromley South station and Bromley Town Centre is this superb two bedroom, two Bathroom apartment with balcony.

This spacious apartment boasts two double bedrooms, the master with en suite shower room.
Additionally there is a spacious hallway with an abundance of built in storage, the open plan lounge/kitchen/diner enjoys access to a good size balcony, perfect for alfresco dining and the kitchen enjoys integrated appliances.
The master bedroom has fitted wardrobes and there is a modern family bathroom.

An ideal home for first time buyers given the move in ready condition.

This modern apartment complex offers secure video entry and elevator and is still under builders guarantee and offers a long lease.

Viewings are strongly recommended.

Property ownership information

Ground rent review period: No review period

Service charge review period: No review period

Lease end date: 13/12/2135

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Bromley

020 3840 3788

Next Steps?

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