2 Bed Flat, Single Let, Orpington, BR6 8LG, £290,000

Fairbank Avenue, Orpington, BR6 8LG - 1 views - a year ago

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Leasehold

BTL

ROI: 4%

~68 m²

+9 photos

ValuationUndervalued

Sold Prices	£244K - £540K
Sold Prices/m²	£4.3K/m² - £7.8K/m²

Square Metres	~68.11 m²
Price/m²	£4.3K/m²
Value Estimate	£356,700£356,700
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£72,500£72,500
Stamp Duty & Legal Fees	£17,700£17,700
Total Cash In	£90,200£90,200

Cash Out
Rent Range	£1,070 - £2,500£1,070 - £2,500
Rent Estimate	£1,500
Running Costs/mo	£1,226£1,226
Cashflow/mo	£274£274
Cashflow/yr	£3,285£3,285
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

24 sold prices from £244K to £540K, average is £310K. £4.3K/m² to £7.8K/m², average is £6.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£330K	12/22	0.33 mi	109, Clareville Road, Orpington, Greater London BR5 1RU	-	-	2	Flat
£330K	11/22	0.4 mi	89, Clareville Road, Orpington, Greater London BR5 1RU	£5,746	57	2	Flat
£310K	02/21	0.41 mi	37, Clareville Road, Orpington, Greater London BR5 1RU	£4,844	64	2	Flat
£540K	11/22	0.63 mi	Flat 1, Darrick Wood House, Lovibonds Avenue, Orpington, Greater London BR6 8EL	-	-	2	Flat
£330K	05/21	0.67 mi	34, Tandridge Drive, Orpington, Greater London BR6 8BZ	£4,342	76	2	Flat
£340K	10/22	0.67 mi	68, Prescott Avenue, Petts Wood, Orpington, Greater London BR5 1AF	£6,071	56	2	Flat
£312.5K	11/20	0.73 mi	70, Prescott Avenue, Petts Wood, Orpington, Greater London BR5 1AF	£5,896	53	2	Flat
£347.5K	09/21	0.73 mi	30, Prescott Avenue, Petts Wood, Orpington, Greater London BR5 1AF	£6,205	56	2	Flat
£310K	01/21	0.73 mi	21a, Eynsford Close, Petts Wood, Orpington, Greater London BR5 1DP	£7,045	44	2	Flat
£270K	09/21	0.74 mi	58, Ash Row, Bromley, Greater London BR2 8DY	£4,737	57	2	Flat
£244K	03/23	0.77 mi	Flat 26, Summerlands Lodge, Farnborough Common, Orpington, Greater London BR6 8NE	-	-	2	Flat
£276K	03/21	0.78 mi	59a, Shepperton Road, Petts Wood, Orpington, Greater London BR5 1DL	£6,227	44	2	Flat
£277K	06/21	0.79 mi	Flat 32, Summerlands Lodge, Farnborough Common, Orpington, Greater London BR6 8NE	-	-	2	Flat
£315K	02/23	0.79 mi	59a, Shepperton Road, Petts Wood, Orpington, Greater London BR5 1DL	£7,107	44	2	Flat
£307.5K	01/23	0.8 mi	18, Shepperton Road, Petts Wood, Orpington, Greater London BR5 1DN	-	-	2	Flat
£298K	08/21	0.8 mi	36, Shepperton Road, Petts Wood, Orpington, Greater London BR5 1DN	£6,622	45	2	Flat
£320K	10/22	0.81 mi	5a, Transmere Road, Petts Wood, Orpington, Greater London BR5 1DT	£7,619	42	2	Flat
£313.5K	03/21	0.84 mi	3, Transmere Road, Petts Wood, Orpington, Greater London BR5 1DT	£7,125	44	2	Flat
£302K	12/20	0.88 mi	15, Kenilworth Road, Petts Wood, Orpington, Greater London BR5 1DY	£6,864	44	2	Flat
£270K	05/23	0.88 mi	5, Kenilworth Road, Petts Wood, Orpington, Greater London BR5 1DY	£5,811	46	2	Flat
£297K	04/23	0.88 mi	5a, Kenilworth Road, Petts Wood, Orpington, Greater London BR5 1DY	£6,982	43	2	Flat
£317K	08/23	0.9 mi	Flat 9, Barham Court, Church Lane, Bromley, Greater London BR2 8LA	-	-	2	Flat
£275K	05/21	0.9 mi	Flat 12, Barham Court, Church Lane, Bromley, Greater London BR2 8LA	-	-	2	Flat
£310K	03/21	0.91 mi	43, Transmere Close, Petts Wood, Orpington, Greater London BR5 1DX	£7,750	40	2	Flat

Local Rents

43 rents from £1.1K/mo to £2.5K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	12/24	0.47 mi	-	2	Flat
£1,070	12/24	0.59 mi	Crofton road, Locksbottom, BR6	2	Flat
£2,000	12/24	0.63 mi	Oregon Square, Orpington, BR6	2	Bungalow
£1,500	01/25	0.64 mi	-	2	Flat
£1,700	03/24	0.65 mi	Birch Row, Bromley, BR2	2	Terraced House
£1,500	04/25	0.68 mi	-	2	Flat
£1,800	12/24	0.73 mi	-	2	Flat
£1,850	04/25	0.73 mi	-	2	Flat
£1,900	01/25	0.77 mi	-	2	Flat
£1,600	12/24	0.77 mi	Shepperton Road, Petts Wood	2	Flat
£1,550	02/24	0.78 mi	-	2	Flat
£2,200	04/25	0.78 mi	-	2	Bungalow
£1,700	12/24	0.78 mi	-	2	Terraced House
£1,650	12/24	0.79 mi	Shepperton Road, Petts Wood, Orpington, BR5	2	Flat
£1,500	01/25	0.79 mi	-	2	Flat
£1,500	12/24	0.82 mi	Shepperton Road, Petts Wood, Kent	2	Flat
£1,500	02/24	0.85 mi	-	2	Flat
£1,650	03/24	0.87 mi	Oxhawth Crescent Bromley BR2	2	Flat
£1,750	03/24	0.88 mi	-	2	Flat
£1,500	03/24	0.88 mi	Kenilworth Road, Petts Wood, Kent, BR5	2	Flat
£1,800	04/25	0.89 mi	-	2	Flat
£1,850	03/24	0.9 mi	Towncourt Lane, Orpington, BR5	2	Flat
£1,600	12/24	0.9 mi	Woodcote Drive, Orpington, BR6	2	Flat
£1,600	04/24	0.91 mi	Trinity Close, Bromley, BR2	2	Flat
£1,650	03/24	0.93 mi	Transmere Close, Petts Wood	2	Flat
£1,600	12/24	0.93 mi	Transmere Close, Petts Wood	2	Flat
£2,500	02/25	0.98 mi	-	2	Flat
£1,625	11/24	0.99 mi	-	2	Terraced House
£1,850	12/24	0.99 mi	-	2	Semi-Detached House
£1,500	12/24	1.05 mi	Spencer Court, Farnborough, BR6	2	Flat
£1,400	12/24	1.1 mi	Station Square, Petts Wood	2	Flat
£1,650	12/24	1.1 mi	Southcroft Road, Orpington, BR6	2	Flat
£1,600	04/24	1.11 mi	Magpie Hall Lane, Bromley	2	Flat
£1,600	04/24	1.11 mi	Magpie Hall Lane, Bromley	2	Flat
£1,600	12/24	1.12 mi	Tubbenden Lane South, Farnborough Village, BR6	2	Flat
£1,600	03/24	1.14 mi	Magpie Hall Lane, Bromley, BR2	2	Flat
£1,750	12/24	1.15 mi	Station Square, Petts Wood, Orpington, BR5	2	Flat
£1,600	03/24	1.15 mi	Press House, Crest View Drive, Petts Wood, BR5	2	Flat
£1,800	04/24	1.16 mi	Station Square, Petts Wood, Orpington, BR5	2	Flat
£1,600	03/24	1.19 mi	Southborough lane, Bickley, BR2	2	Flat
£1,650	12/24	1.23 mi	Marcellina Way Orpington BR6	2	Bungalow
£1,750	04/24	1.24 mi	Wells View Drive, Bromley, BR2	2	Flat
£1,600	09/23	1.24 mi	Cross Road, Croydon, CR0	2	Flat

Local Area Statistics

Population in BR6	46,06546,065
Population in Orpington	92,06892,068
Town centre distance	2 miles away2 miles away
Nearest school	0.60 miles away0.60 miles away
Nearest train station	1.09 miles away1.09 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+1%+1%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+20%+20%

Property History

Price changed to £290,000

December 4, 2024

Listed for £300,000

March 12, 2024

Floor Plans

Description

St. Anthony's Court is a highly popular apartment building situated in a convenient position to Orpington station and local shops in Locksbottom.
The property itself is a two bedroom first floor apartment with a dual aspect view, with the rear looking towards communal gardens and woodland. An entrance hallway leads to a 15 x 11ft9 lounge/ dining room, kitchen with garden views, two double bedrooms and a family bathroom. Additionally there is a single garage in block. Viewing highly recommended of this CHAIN FREE property.

Local Authority: Bromley
Council Tax Band: D

Agent Details

Alan de Maid, Locksbottom

01689 661649

Next Steps?

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

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