2 Bed Flat, Single Let, Bromley, BR1 3TW, £295,000

Oaklands Road, Bromley, BR1 3TW - 5 views - a year ago

Sold STC

Leasehold

BTL

ROI: 4%

~62 m²

+2 photos

ValuationUndervalued

Sold Prices	£180K - £485K
Sold Prices/m²	£3.5K/m² - £10.4K/m²

Square Metres	~61.70 m²
Price/m²	£4.8K/m²
Value Estimate	£320,142£320,142
BMV	9%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£73,750£73,750
Stamp Duty & Legal Fees	£12,300£12,300
Total Cash In	£86,050£86,050

Cash Out
Rent Range	£900 - £3,000£900 - £3,000
Rent Estimate	£1,496
Running Costs/mo	£1,241£1,241
Cashflow/mo	£255£255
Cashflow/yr	£3,059£3,059
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £180K to £485K, average is £345K. £3.5K/m² to £10.4K/m², average is £5.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£325.3K	03/23	0.16 mi	98a, London Road, Bromley, Greater London BR1 3RL	£5,514	59	2	Flat
£265K	03/21	0.18 mi	Flat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF	-	-	2	Flat
£350K	07/23	0.18 mi	Flat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF	-	-	2	Flat
£355K	12/20	0.23 mi	38d, Madeira Avenue, Bromley, Greater London BR1 4AY	£6,961	51	2	Flat
£238K	11/20	0.29 mi	91, Hope Park, Bromley, Greater London BR1 3RG	£4,407	54	2	Flat
£335K	03/21	0.3 mi	54, Hope Park, Bromley, Greater London BR1 3RQ	£3,526	95	2	Flat
£285K	03/21	0.31 mi	14, Madeira Avenue, Bromley, Greater London BR1 4AZ	£5,481	52	2	Flat
£310K	06/21	0.31 mi	31, Weston Road, Bromley, Greater London BR1 3RH	£4,429	70	2	Flat
£360K	11/20	0.32 mi	166, Farnaby Road, Bromley, Greater London BR2 0BB	£5,455	66	2	Flat
£297.5K	03/21	0.32 mi	Flat 9, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ	-	-	2	Flat
£300K	05/21	0.32 mi	Flat 10, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ	-	-	2	Flat
£265K	04/21	0.32 mi	33, Weston Grove, Bromley, Greater London BR1 3RJ	£3,841	69	2	Flat
£223K	04/23	0.35 mi	85, Howard Road, Bromley, Greater London BR1 3QQ	£4,055	55	2	Flat
£340K	04/21	0.38 mi	44b, Morgan Road, Bromley, Greater London BR1 3QF	-	-	2	Flat
£325K	11/20	0.38 mi	78a, Morgan Road, Bromley, Greater London BR1 3QF	£5,603	58	2	Flat
£375K	11/20	0.43 mi	16a, Hammelton Road, Bromley, Greater London BR1 3PY	£4,261	88	2	Flat
£350K	01/21	0.45 mi	44b, Hammelton Road, Bromley, Greater London BR1 3PY	£6,140	57	2	Flat
£435K	06/21	0.45 mi	27a, Meadow Road, Bromley, Greater London BR2 0DX	£10,357	42	2	Flat
£335K	08/21	0.45 mi	4a, Shortlands Gardens, Bromley, Greater London BR2 0EA	£5,154	65	2	Flat
£285K	11/20	0.46 mi	150, Blyth Road, Bromley, Greater London BR1 3RT	£4,453	64	2	Flat
£357K	11/20	0.5 mi	The First And Second Floor Flat, 108, College Road, Bromley, Greater London BR1 3PF	-	-	2	Flat
£357K	11/20	0.51 mi	The First And Second Floor Flat, 108, College Road, Bromley, Greater London BR1 3PF	-	-	2	Flat
£270K	10/21	0.51 mi	Flat 16, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG	-	-	2	Flat
£287.5K	08/23	0.51 mi	Flat 15, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG	-	-	2	Flat
£351K	01/21	0.54 mi	Flat 17, Weymouth House, Hill House Mews, Bromley, Greater London BR2 0DD	-	-	2	Flat
£375K	05/23	0.58 mi	5, West Oak, Beckenham, Greater London BR3 5EZ	£6,188	61	2	Flat
£280K	08/21	0.59 mi	37a, Martins Road, Bromley, Greater London BR2 0EE	£4,828	58	2	Flat
£350K	12/20	0.59 mi	24, Cadogan Close, Beckenham, Greater London BR3 5XY	£5,303	66	2	Flat
£330K	12/20	0.59 mi	24b, Cambridge Road, Bromley, Greater London BR1 4EA	£5,893	56	2	Flat
£375K	03/21	0.61 mi	Flat 1, St James Court, Edison Road, Bromley, Greater London BR2 0EZ	-	-	2	Flat
£235K	03/21	0.64 mi	Flat 23, Newman Court, North Street, Bromley, Greater London BR1 1BQ	-	-	2	Flat
£395K	06/21	0.65 mi	15, Hildenlea Place, Bromley, Greater London BR2 0YH	£5,127	77	2	Flat
£365K	03/23	0.66 mi	29a, Lansdowne Road, Bromley, Greater London BR1 3PG	£5,887	62	2	Flat
£180K	08/23	0.67 mi	7, Brook Lane, Bromley, Greater London BR1 4PU	-	-	2	Flat
£430K	06/21	0.68 mi	48a, Valley Road, Bromley, Greater London BR2 0HD	£5,707	75	2	Flat
£430K	11/22	0.69 mi	52a, Valley Road, Bromley, Greater London BR2 0HD	-	-	2	Flat
£350K	04/21	0.7 mi	5, Pump House Close, Bromley, Greater London BR2 0LA	£5,000	70	2	Flat
£423K	07/23	0.7 mi	6, Pump House Close, Bromley, Greater London BR2 0LA	£6,689	63	2	Flat
£302.5K	03/21	0.73 mi	4, Glassmill Lane, Bromley, Greater London BR2 0EJ	£5,758	53	2	Flat
£400K	06/23	0.74 mi	Flat 1, Cranley Court, Beckenham Grove, Bromley, Greater London BR2 0JZ	-	-	2	Flat
£310K	09/21	0.79 mi	38, Palace Road, Bromley, Greater London BR1 3JT	£3,563	87	2	Flat
£275K	03/23	0.8 mi	277, Downham Way, Bromley, Greater London BR1 5EN	£5,189	53	2	Flat
£485K	03/21	0.84 mi	7b, Church Road, Shortlands, Bromley, Greater London BR2 0HP	£4,450	109	2	Flat
£286K	03/23	0.86 mi	Flat 17, Sundridge House, Burnt Ash Lane, Bromley, Greater London BR1 5AE	-	-	2	Flat
£320K	10/21	0.9 mi	212, Southover, Bromley, Greater London BR1 4SE	£3,902	82	2	Flat
£427.5K	02/23	0.94 mi	12, Foxes Dale, Bromley, Greater London BR2 0JS	£5,089	84	2	Flat
£375K	04/21	0.95 mi	8, Apex Close, Beckenham, Greater London BR3 5TU	-	-	2	Flat
£380K	02/21	0.95 mi	6, Apex Close, Beckenham, Greater London BR3 5TU	£5,000	76	2	Flat
£395K	03/21	0.95 mi	28, Apex Close, Beckenham, Greater London BR3 5TU	£5,338	74	2	Flat
£415K	01/23	0.95 mi	17, Apex Close, Beckenham, Greater London BR3 5TU	£8,252	50	2	Flat

Local Rents

50 rents from £900/mo to £3K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,700	03/24	0.04 mi	Palisade Court, 14 Oaklands Road, BROMLEY, BR1	2	Flat
£3,000	02/25	0.1 mi	-	2	Flat
£2,750	04/25	0.1 mi	-	2	Flat
£1,850	04/25	0.14 mi	-	2	Flat
£1,575	03/24	0.14 mi	-	2	Flat
£1,500	03/24	0.14 mi	-	2	Flat
£1,500	03/24	0.14 mi	Mavery Court, Bromley, BR1	2	Flat
£1,650	04/24	0.14 mi	-	2	Terraced House
£1,650	03/24	0.14 mi	Cedarhurst, Bromley, BR1	2	Terraced House
£1,650	03/24	0.2 mi	London Lane, Bromley, BR1	2	Flat
£1,800	03/25	0.21 mi	-	2	Flat
£1,700	03/24	0.21 mi	Highland Road, Bromley, BR1	2	Flat
£1,700	02/25	0.27 mi	-	2	Flat
£1,700	01/25	0.3 mi	-	2	Terraced House
£1,700	02/25	0.3 mi	-	2	Terraced House
£1,800	04/25	0.3 mi	-	2	Flat
£1,500	03/24	0.33 mi	Weston Grove, Bromley, BR1	2	Flat
£900	12/24	0.33 mi	-	2	Flat
£2,650	03/25	0.33 mi	-	2	Flat
£1,950	04/24	0.33 mi	4 Blyth Road, Bromley, Kent, BR1	2	Flat
£1,950	03/24	0.34 mi	Blyth Road Bromley BR1	2	Flat
£1,950	03/24	0.34 mi	Blyth Road, Bromley, BR1	2	Flat
£1,650	03/24	0.35 mi	Mooreland Road Bromley BR1	2	House
£1,600	01/25	0.35 mi	-	2	Flat
£1,650	12/24	0.36 mi	-	2	Flat
£1,800	02/25	0.37 mi	-	2	Flat
£1,500	03/24	0.38 mi	-	2	Flat
£1,550	03/24	0.4 mi	Bromley Hill, Bromley, London, BR1	2	Flat
£1,700	03/24	0.41 mi	Scotts Road, Bromley, BR1	2	Flat
£2,000	02/24	0.41 mi	-	2	Terraced House
£2,000	04/25	0.42 mi	-	2	Flat
£1,895	03/25	0.42 mi	-	2	Flat
£1,850	03/24	0.42 mi	Scotts Road, Bromley, BR1	2	Flat
£1,700	04/24	0.42 mi	Farnaby Road, Bromley, BR1	2	Flat
£1,750	04/24	0.43 mi	Meadow Road, Bromley, BR2	2	Flat
£1,600	01/25	0.43 mi	-	2	Flat
£2,300	03/25	0.43 mi	-	2	Terraced House
£1,795	03/25	0.44 mi	-	2	Terraced House
£1,700	04/24	0.44 mi	Hammelton Road, Bromley, BR1	2	Flat
£1,600	12/24	0.45 mi	-	2	Flat
£1,750	03/24	0.45 mi	Meadow Road, Bromley, BR2	2	Terraced House
£1,500	03/24	0.46 mi	Shortlands Gardens, Shortlands, Bromley, BR2	2	Flat
£1,600	03/24	0.46 mi	Fairfield Road, Bromley, BR1	2	Flat
£1,500	04/25	0.46 mi	-	2	Flat
£1,600	03/25	0.46 mi	-	2	Flat
£1,500	04/24	0.47 mi	Park Avenue, Bromley, BR1	2	Flat
£1,900	03/24	0.48 mi	-	2	Terraced House
£1,950	03/24	0.49 mi	Glenbow Road, Bromley	2	Flat
£1,600	03/24	0.5 mi	College Road, Bromley, BR1	2	Flat
£1,695	04/25	0.5 mi	-	2	Flat

Local Area Statistics

Population in BR1	55,93155,931
Population in Bromley	55,94755,947
Town centre distance	1.27 miles away1.27 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	0.50 miles away0.50 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+7%+7%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £295,000

May 8, 2024

Floor Plans

Description

Modern kitchen and bathroom +
Two Bedrooms +
Garage +
Ground Floor Apartment +
Chain free +
Recently redecorated. +
New carpets throughout +
Long lease and low maintenance +
Short walk to Bromley town centre and stations +

Offered for sale chain free we are delighted to offer this exceptionally spacious two bedroom ground floor flat that is a short distance from Bromley town centre with its wide array of shops, bars and restaurants. The property has just been redecorated in light neutral tones and also had new carpets fitted throughout and in recent years both the kitchen and bathroom have been updated. This is a quiet residential area and walking distance from Bromley North station making it ideal for commuters and in our opinion would make a super first family home or a letting investment. The lease has over 142 years remaining with very reasonable ongoing maintenance and the property additionally benefits from a private garage as well as residents parking. Internal inspection is strongly advised and is strictly via the vendors sole selling agents.

Agent Details

Coady Phillips, Bromley

020 3869 0439

Next Steps?

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

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2 Bed Flat, Single Let, Bromley, BR1 3TW, £295,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

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