2 Bed Flat, Single Let, BR2 9FT, £300,000

Homesdale Road, Bromley, BR2 9FT - 1 views - a year ago

Leasehold
BTL
ROI: 3%
~66 m²
+8 photos

ValuationUndervalued

Sold Prices£154.6K - £446.5K
Sold Prices/m²£3.4K/m² - £7K/m²

 

 

Square Metres

~65.70 m²
Price/m²£4.6K/m²

Value Estimate

£328,500
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£18,700

Total Cash In

£93,700

 

 

Cash Out

 

Rent Range

£1,400 - £3,500

Rent Estimate

£1,481

Running Costs/mo

£1,254

Cashflow/mo

£227

Cashflow/yr

£2,728

ROI

3%

Gross Yield

6%

Local Sold Prices

43 sold prices from £154.6K to £446.5K, average is £310K. £3.4K/m² to £7K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£285K09/210.04 miFlat 27, Gainsborough Court, Homesdale Road, Bromley, Greater London BR2 9NB2
£300K12/210.12 mi55, Woldham Road, Bromley, Greater London BR2 9LA2
£310K02/210.18 miFlat 5, Riverside Court, Vincent Close, Bromley, Greater London BR2 9ED2
£154.6K06/230.2 mi148, Homesdale Road, Bromley, Greater London BR2 9LH2
£275K11/200.2 mi96, Homesdale Road, Bromley, Greater London BR2 9LH2
£305K05/210.25 mi32, Bourne Road, Bromley, Greater London BR2 9NS2
£335K02/210.28 miFlat 23, Hardwick House, Masons Hill, Bromley, Greater London BR2 9GW2
£398.5K01/210.31 mi83, Bromley Common, Bromley, Greater London BR2 9RN2
£301K03/210.31 mi83b, Bromley Common, Bromley, Greater London BR2 9RN2
£325K07/210.34 mi64, Addison Road, Bromley, Greater London BR2 9RR2
£310K08/230.46 mi13b, Page Heath Villas, Bromley, Greater London BR1 2QN2
£315K03/210.54 mi12a, Waverley Close, Bromley, Greater London BR2 9SW2
£350K10/210.55 mi9, Field Close, Bromley, Greater London BR1 2SF2
£375K08/230.56 mi12, Field Close, Bromley, Greater London BR1 2SF2
£446.5K06/230.62 mi52, Beadon Road, Bromley, Greater London BR2 9AT2
£282.5K02/210.66 miFlat 153, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£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
£320K08/210.67 mi17, Rushmore Close, Bromley, Greater London BR1 2DJ2
£309K06/210.67 miFlat 6, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£295K07/210.67 miFlat 12, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£285K11/200.69 miFlat 3, Crown Court, Victoria Road, Bromley, Greater London BR2 9PR2
£295K10/200.69 miFlat 12, Crown Court, Victoria Road, Bromley, Greater London BR2 9PR2
£320K01/210.69 mi47, Whitehaven Close, Bromley, Greater London BR2 0YA2
£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
£300K10/210.7 miFlat 121, Elgar Lodge, Fair Acres, Bromley, Greater London BR2 9BP2
£330K07/230.7 mi47c, Ravensbourne Road, Bromley, Greater London BR1 1HW2
£300K08/230.72 miFlat 33, Handel Lodge, Fair Acres, Bromley, Greater London BR2 9BL2
£425K02/230.72 mi134b, Widmore Road, Bromley, Greater London BR1 3BP2
£370K06/210.79 mi13, Madison Gardens, Bromley, Greater London BR2 0SJ2
£310K02/210.81 mi24, Stamford Drive, Bromley, Greater London BR2 0XF2
£300K06/210.84 mi3, Kingsleigh Walk, Bromley, Greater London BR2 0YE2
£310K07/210.85 mi125a, Southborough Lane, Bromley, Greater London BR2 8AP2
£370K12/200.9 mi12, Brenchley Close, Bromley, Greater London BR2 9DR2
£310K09/210.93 mi38, Palace Road, Bromley, Greater London BR1 3JT2
£302.5K03/210.94 mi4, Glassmill Lane, Bromley, Greater London BR2 0EJ2
£442.5K02/230.94 mi28a, Durham Avenue, Bromley, Greater London BR2 0QB2
£264K02/210.96 mi7, Dainton Close, Bromley, Greater London BR1 3JA2
£340K09/230.96 mi218, Southborough Lane, Bromley, Greater London BR2 8AH2
£235K03/210.98 miFlat 23, Newman Court, North Street, Bromley, Greater London BR1 1BQ2
£375K03/210.98 miFlat 1, St James Court, Edison Road, Bromley, Greater London BR2 0EZ2

Local Rents

51 rents from £1.4K/mo to £3.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,77502/240.01 mi-2
£1,70004/240.01 miAzzura House, 8 Homesdale Road, Bromley2
£1,90012/240.01 mi-2
£1,77503/240.02 mi-2
£1,75002/240.02 mi-2
£1,85002/250.03 mi-2
£1,57503/240.09 miHomesdale Road, Bromley, BR2 9LD2
£1,65002/240.1 mi-2
£2,20012/240.16 miDevonshire Square, Bromley, BR22
£2,20012/240.16 miDevonshire Square, Bromley, BR22
£1,75003/240.18 miGundulph Road, Bromley, BR22
£1,65004/240.18 miGlanville Road, Bromley, BR2 9LW2
£1,85004/240.18 miHavelock Road, Bromley, BR22
£1,70004/250.19 mi-2
£1,65003/240.21 miMasons Hill Bromley BR22
£3,50003/250.22 mi-2
£1,70004/240.28 miMasons Hill Bromley BR22
£1,55003/240.28 miWaldo Road, Bromley, Kent, BR12
£2,24912/240.29 mi-2
£1,75003/240.29 miAxiom Apartments, 42 Sparkes Close, Bromley, Kent, BR22
£1,95004/240.29 mi22 Axiom Apartments.2
£1,65003/240.3 miExchange Apartments, 41 Sparkes Close, Bromley, BR22
£1,65001/250.31 mi-2
£1,95012/240.34 mi-2
£1,98503/240.34 miSparkes Close, Bromley, BR2 9GE2
£1,56504/240.34 miLangdon Road, Bromley, Kent, BR2 9JS2
£1,90004/240.35 miWheeler Place, Bromley, BR22
£2,50002/250.36 mi-2
£1,45003/240.37 miChatterton Road, Bromley, BR22
£1,80003/250.38 mi-2
£1,75004/240.41 miNapoleon House, Bromley, BR12
£1,75004/240.41 mi-2
£1,50003/240.41 miHomesdale Road, Bromley, BR12
£1,40003/240.41 miHomesdale Road, Bromley, BR12
£1,65003/240.41 miHomesdale Road, Bromley2
£1,79503/240.43 miLiddon Road, Bromley, BR12
£2,00003/240.43 miHomesdale Road BR12
£2,00003/240.43 miHomesdale Road BR12
£2,00003/250.44 mi-2
£1,75003/240.44 miUpper Floor, Pinewood Road, Bromley, BR22
£1,90004/240.45 miSandford Road Bromley BR22
£1,55004/240.45 miSandford Road, Bromley, BR22
£1,85003/240.46 miSt. Marks Road Bromley BR22
£1,85003/240.46 miSt. Marks Road Bromley BR22
£1,90004/240.46 miSt. Marks Road Bromley BR22
£1,90004/240.46 miSt. Marks Road Bromley BR22
£2,35004/240.46 miSt. Marks Road Bromley BR22
£1,70004/240.47 miCanon Road Bromley BR12
£1,70003/240.47 miPope Road, Bromley, BR22
£1,55012/240.48 mi-2
£1,80001/250.49 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)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £300,000

January 15, 2025

Listed for £310,000

March 11, 2024

Floor Plans

Description

  • Chain Free +
  • Two Double Bedrooms +
  • Modern Purpose Built Block +
  • Two Bathrooms +
  • Open Plan Kitchen/Reception +
  • Private Balcony +
  • Allocated Parking Space +
  • Close To Bromley South Station & High Street +

*Guide Price £300,000 - £325,000*

Langford Russell are pleased to market this two bedroom, two bathroom apartment situated within a modern purpose built block, close to Bromley South Station and High Street.

Internally the apartment boasts in excess of 707 square feet living space (65.7SqM) and comprises two double bedrooms, two modern bathrooms (one en-suite), a generous 25'8 x 10'1 open plan kitchen/reception with in-built appliances and access to a private balcony.

Further benefits includes an allocated parking space as well as the added convenience of no onward chain!

Contact Langford Russell Bromley on to arrange your viewing by appointment only!

Tenure - Leasehold
Lease Length - 111 Years
Service Charge - Approx £2,000 P/A
Ground Rent - £250 P/A

Energy Efficiency Rating B | Council Tax London Borough Of Bromley Band E

Agent Details

Langford Russell, Bromley

020 8138 8435

Next Steps?

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