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 |
BMV | 22% |
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.
Local Rents
26 rents from £900/mo to £2K/mo, average is £1.7K/mo.
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
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