2 Bed Flat, Single Let, BR2 8GZ £160,000

Osprey Close, Bromley, BR2 8GZ - 5 views - 2 years ago
Sold STC
Leasehold
BTL
ROI: 13%
~68 m²
Property image

ValuationUndervalued

Sold Prices£205K - £540K
Sold Prices/m²£4.7K/m² - £8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.3K/m²

Value Estimate

£198,400
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Rent Range

£1,600 - £2,100

Rent Estimate

£1,260

Running Costs/mo

£772

Cashflow/mo

£488

Cashflow/yr

£5,856

ROI

13%

Gross Yield

9%

Local Sold Prices

50 sold prices from £205K to £540K, average is £333.3K. £4.7K/m² to £8K/m², average is £6.1K/m².

Price
Date
Distance
Address
Beds
 
£317K08/230.12 miFlat 9, Barham Court, Church Lane, Bromley, Greater London BR2 8LA2
£325K04/250.69 miFlat 2, 21 Paddington House, Mackintosh Street, Bromley BR2 9US2
£325K04/250.69 miFlat 2, 21 Paddington House, Mackintosh Street, Bromley BR2 9US2
£322.5K12/240.69 mi20 Bow House, Flat 6, Mackintosh Street, Bromley BR2 9UX2
£270K09/210.75 mi58, Ash Row, Bromley, Greater London BR2 8DY2
£205K02/250.77 mi16 Sovereign Court, Flat 3, Magpie Hall Lane, Bromley BR2 8EH2
£380K06/230.77 mi2a, Magpie Hall Lane, Bromley, Greater London BR2 8EH2
£340K09/230.83 mi218, Southborough Lane, Bromley, Greater London BR2 8AH2
£303K09/240.85 miSt Anthonys Court, 16, Fairbank Avenue, Orpington BR6 8LG2
£343K01/250.85 mi24, St Anthonys Court, Fairbank Avenue, Orpington BR6 8LG2
£343K01/250.85 miSt Anthonys Court, 24, Fairbank Avenue, Orpington BR6 8LG2
£362.5K07/250.85 mi20, St Anthonys Court, Fairbank Avenue, Orpington BR6 8LG2
£335K05/230.87 miFlat 1, Crown Court, Victoria Road, Bromley, Greater London BR2 9PR2
£310K07/210.88 mi125a, Southborough Lane, Bromley, Greater London BR2 8AP2
£340K10/220.93 mi68, Prescott Avenue, Petts Wood, Orpington, Greater London BR5 1AF2
£347.5K09/210.96 mi30, Prescott Avenue, Petts Wood, Orpington, Greater London BR5 1AF2
£340K12/240.97 mi42a, Johnson Road, Bromley BR2 9SN2
£244K03/231.06 miFlat 26, Summerlands Lodge, Farnborough Common, Orpington, Greater London BR6 8NE2
£277K06/211.08 miFlat 32, Summerlands Lodge, Farnborough Common, Orpington, Greater London BR6 8NE2
£243K02/251.09 miFlat 22, Summerlands Lodge, Farnborough Common, Orpington BR6 8NE2
£360K07/231.11 mi9, Baston Road, Bromley, Greater London BR2 7BD2
£367K04/251.12 mi5, Fleetwood Court, Farnborough Common, Orpington BR6 8NB2
£367K04/251.12 mi5, Fleetwood Court, Farnborough Common, Orpington BR6 8NB2
£540K11/221.17 miFlat 1, Darrick Wood House, Lovibonds Avenue, Orpington, Greater London BR6 8EL2
£330K12/221.17 mi109, Clareville Road, Orpington, Greater London BR5 1RU2
£325K07/211.19 mi64, Addison Road, Bromley, Greater London BR2 9RR2
£520K02/251.24 mi6, Flat 2, Park Hill, Bickley, Bromley BR1 2JH2
£330K11/221.25 mi89, Clareville Road, Orpington, Greater London BR5 1RU2
£405K12/241.27 mi11 Pembroke House, Apartment 1, Acorn Way, Orpington BR6 7FG2
£425K08/251.28 miApartment 4, 143 Farmview Apartments, Hayes Lane, Hayes, Bromley BR2 9EQ2
£410K10/241.29 mi3 Cavendish House, Apartment 4, Osier Close, Orpington BR6 7FJ2
£310K10/241.32 mi63a, Shepperton Road, Petts Wood, Orpington BR5 1DL2
£320K10/221.34 mi5a, Transmere Road, Petts Wood, Orpington, Greater London BR5 1DT2
£315K02/231.35 mi59a, Shepperton Road, Petts Wood, Orpington, Greater London BR5 1DL2
£350K03/251.35 mi53, Shepperton Road, Petts Wood, Orpington BR5 1DL2
£375K03/251.36 miApartment 4, 13 Bridgewater House, Cottonwood Close, Orpington BR6 7FN2
£375K03/251.36 miApartment 4, 13 Bridgewater House, Cottonwood Close, Orpington BR6 7FN2
£375K03/251.36 miApartment 4, 13 Bridgewater House, Cottonwood Close, Orpington BR6 7FN2
£307.5K01/231.37 mi18, Shepperton Road, Petts Wood, Orpington, Greater London BR5 1DN2
£298K08/211.37 mi36, Shepperton Road, Petts Wood, Orpington, Greater London BR5 1DN2
£310K01/251.37 mi23a, Transmere Road, Petts Wood, Orpington BR5 1DT2
£310K01/251.37 mi23a, Transmere Road, Petts Wood, Orpington BR5 1DT2
£525K05/251.38 miApartment 2, 1a Middlewood Court, Crofton Lane, Orpington BR5 1FF2
£525K05/251.38 miApartment 2, 1a Middlewood Court, Crofton Lane, Orpington BR5 1FF2
£300K02/251.39 mi33a, Transmere Road, Petts Wood, Orpington BR5 1DT2
£300K02/251.39 mi33a, Transmere Road, Petts Wood, Orpington BR5 1DT2
£331.5K12/241.4 mi19, Kenilworth Road, Petts Wood, Orpington BR5 1DY2
£350K02/251.41 mi15, Kenilworth Road, Petts Wood, Orpington BR5 1DY2
£350K02/251.41 mi15, Kenilworth Road, Petts Wood, Orpington BR5 1DY2
£297K04/231.42 mi5a, Kenilworth Road, Petts Wood, Orpington, Greater London BR5 1DY2

Local Rents

13 rents from £1.6K/mo to £2.1K/mo, average is £1.7K/mo.

Rent
Date
Distance
Address
Beds
 
£1,60004/240.12 miTrinity Close, Bromley, BR22
£2,10008/250.26 miJackson Road, Bromley, Kent, BR22
£2,00007/250.4 miSt Marks Square, Bromley, BR22
£1,75007/250.55 mi-2
£1,70011/250.56 miWells View Drive, Bromley, BR22
£1,75004/240.57 miWells View Drive, Bromley, BR22
£1,65004/240.59 miWells View Drive, Bromley, BR22
£1,70004/240.6 miWells View Bromley BR22
£1,70012/240.6 miWells View Drive Bromley BR22
£1,80009/250.6 miWells View Bromley BR22
£1,70010/250.6 miWells View Bromley BR22
£1,75004/240.6 mi3 Wells View Drive, Bromley2
£1,70011/250.6 miWells View Drive, Bromley, BR2 9TU2

Local Area Statistics

Population in BR2

44,903

Nearest school

0.20 miles away

Nearest train station

1.47 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £160,000

April 2, 2024

Floor Plans

Property image

Description

Chain Free, 50% Ownership

Presenting a superb opportunity for first-time buyers or investors, this modern and immaculately presented two-bedroom flat comes chain-free, offering convenience and comfort.

Conveniently located near bus routes connecting Bromley South and Orpington stations, as well as their bustling High Streets with an array of shops, restaurants, and leisure facilities, this purpose-built flat is an ideal choice. Additionally, it sits within easy reach of Princess Royal University Hospital (just 1.1 miles away) and Ravenswood School (0.8 miles).

Accessed via a communal entrance hall with an entry phone system, the well-appointed accommodation comprises a spacious lounge/dining room, a fitted kitchen, two generously sized bedrooms, and a modern three-piece bathroom featuring a shower over the bath.

Adding to its appeal, the property boasts an allocated off-road parking space, along with visitor parking and a communal bike store. Don't miss out on this fantastic opportunity to acquire a hassle-free living space in a convenient location.

Agent Details

Mann, Beckenham

020 3834 7947

Next Steps?

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