2 Bed Flat, Single Let, Bromley, BR1 4TL, £275,000

Medhurst Drive, BROMLEY, Kent, BR1 4TL - 5 views - a year ago

Sold STC
Leasehold
BTL
ROI: 5%
~68 m²
+7 photos

ValuationUndervalued

Sold Prices£180K - £425K
Sold Prices/m²£3.5K/m² - £7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£335,500
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£900 - £2,000

Rent Estimate

£1,506

Running Costs/mo

£1,181

Cashflow/mo

£325

Cashflow/yr

£3,905

ROI

5%

Gross Yield

7%

Local Sold Prices

24 sold prices from £180K to £425K, average is £298K. £3.5K/m² to £7K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£275K03/230.54 mi277, Downham Way, Bromley, Greater London BR1 5EN2
£265K01/230.68 mi89, Dunfield Road, London, Greater London SE6 3RG2
£320K10/210.69 mi212, Southover, Bromley, Greater London BR1 4SE2
£247.5K12/200.75 miFlat 9, Whitchurch House, Bromley Road, Catford, London, Greater London SE6 2TE2
£325.3K03/230.76 mi98a, London Road, Bromley, Greater London BR1 3RL2
£250K11/200.77 mi106, Evans Road, London, Greater London SE6 1QQ2
£270K12/220.78 mi287, Brookehowse Road, London, Greater London SE6 3TS2
£360K11/200.78 mi166, Farnaby Road, Bromley, Greater London BR2 0BB2
£180K08/230.8 mi7, Brook Lane, Bromley, Greater London BR1 4PU2
£242.5K12/200.84 miFlat 16, Rokell House, Beckenham Hill Road, Beckenham, Greater London BR3 1TF2
£265K03/210.89 miFlat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF2
£350K07/230.89 miFlat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF2
£425K12/200.92 mi81a, Birkhall Road, London, Greater London SE6 1TD2
£238K11/200.92 mi91, Hope Park, Bromley, Greater London BR1 3RG2
£335K03/210.95 mi54, Hope Park, Bromley, Greater London BR1 3RQ2
£285K12/230.96 mi51b, Ardoch Road, London, Greater London SE6 1SN2
£223K04/230.96 mi85, Howard Road, Bromley, Greater London BR1 3QQ2
£340K04/210.96 mi44b, Morgan Road, Bromley, Greater London BR1 3QF2
£325K11/200.96 mi78a, Morgan Road, Bromley, Greater London BR1 3QF2
£355K12/200.97 mi38d, Madeira Avenue, Bromley, Greater London BR1 4AY2
£310K06/210.97 mi31, Weston Road, Bromley, Greater London BR1 3RH2
£356.5K08/210.97 mi37a, Hazelbank Road, Catford, London, Greater London SE6 1LN2
£375K05/230.98 mi5, West Oak, Beckenham, Greater London BR3 5EZ2
£286K03/230.98 miFlat 17, Sundridge House, Burnt Ash Lane, Bromley, Greater London BR1 5AE2

Local Rents

26 rents from £900/mo to £2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,75012/240.01 mi-2
£1,60003/240.02 miNesbitt House, Bromley2
£1,75003/240.2 miOakridge Road, Bromley, London, BR12
£1,95003/240.27 miGlenbow Road, Bromley2
£1,65003/240.28 miSissinghurst Close Bromley BR12
£1,60003/240.33 miDownderry Road Bromley BR12
£1,95004/250.34 mi-2
£1,65012/240.34 mi-2
£1,55003/240.35 miBromley Hill, Bromley, London, BR12
£1,70012/240.36 mi-2
£1,50003/240.37 mi-2
£1,68004/250.38 mi-2
£1,80012/240.41 mi-2
£90012/240.42 mi-2
£2,00002/240.5 mi-2
£1,50003/240.54 miDownham Way, Bromley, BR12
£1,70004/240.54 miDownham Way, Bromley, BR12
£1,50003/240.54 mi-2
£1,70003/240.58 miCapstone Road, Bromley, Kent2
£1,70012/240.58 mi-2
£1,68503/240.59 mi-2
£1,75003/240.59 mi-2
£1,95004/250.59 mi-2
£1,80003/240.6 miRangefield Road, Bromley2
£1,65003/240.6 miCedarhurst, Bromley, BR12
£1,65004/240.6 mi-2

Local Area Statistics

Population in BR1

55,931

Population in Bromley

55,947

Town centre distance

1.96 miles away

Nearest school

0.20 miles away

Nearest train station

0.62 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £275,000

April 23, 2024

Floor Plans

Description

  • *Private and gated development +
  • *Two double bedroom apartment +
  • *Excellent scenic views of surrounding area +
  • *Convenient location – close to local amenities +
  • *Modern fitted Kitchen and appliances +
  • *Open plan reception with access to balcony +
  • *Lift access +
  • *Excellent transport links into Central London +
  • *Close to local shops and amenities +
  • *Allocated parking space +

*GUIDE PRICE £275,000 - £300,000*

Welcomed to the market is this SPACIOUS two double bedroom apartment that provides perfect scenic views of the local area and green spaces. The property comprises of a spacious entrance hall, balcony, WIDE open planned reception/diner with a MODERN FITTED kitchen complete with built in appliances, two double bedrooms, en-suite to master and another separate contemporary bathroom. The development is situated in a PRIVATE and CONVENIENT location with local transport links and a short journey to Bromley town centre. Also, Beckenham Hill train station (under a mile away), provides quick links into London Blackfriars and St Pancras International in no time – PERFECT FOR COMMUTING. Call Daniels now to avoid disappointment! EPC Rating C.

*Private and gated development
*Two double bedroom apartment
*Excellent scenic views of surrounding area
*Convenient location – close to local amenities
*Modern fitted Kitchen and appliances
*Open plan reception with access to balcony
*Lift access
*Excellent transport links into Central London
*Close to local shops and amenities
*Allocated parking space

Agent Details

Daniels Property Services, Bromley

020 3866 8896

Next Steps?

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