2 Bed Flat, Single Let, BR2 0ND £365,000

Westpoint, Shortlands Grove, Bromley, BR2 0ND - a year ago
Sold STC
BTL
~76 m²
Property image

ValuationUndervalued

Sold Prices£260K - £535K
Sold Prices/m²£4K/m² - £10.4K/m²

 

 

Square Metres

~76 m²
Price/m²£4.8K/m²

Value Estimate

£392,667
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£91,250

Stamp Duty & Legal Fees

£27,700

Total Cash In

£118,950

 

 

Cash Out

 

Rent Range

£1,450 - £2,750

Rent Estimate

£1,500

Running Costs/mo

£1,461

Cashflow/mo

£39

Cashflow/yr

£473

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £260K to £535K, average is £385K. £4K/m² to £10.4K/m², average is £5.5K/m².

Price
Date
Distance
Address
Beds
 
£359K03/250.03 miFlat 3, 5 Fitzroy Hall, Shortlands Grove, Shortlands, Bromley BR2 0LS2
£350K06/250.04 miFlat 41, 9 Westpoint, Shortlands Grove, Shortlands, Bromley BR2 0ND2
£350K06/250.04 miFlat 41, 9 Westpoint, Shortlands Grove, Shortlands, Bromley BR2 0ND2
£427.5K02/230.06 mi12, Foxes Dale, Bromley, Greater London BR2 0JS2
£353K03/250.12 mi26c, Bromley Grove, Shortlands, Bromley BR2 0LN2
£360K02/250.14 mi18 Hazelwood House, Flat 28, Church Road, Shortlands, Bromley BR2 0HE2
£335K08/250.15 miFlat 7, Curzon Court, Beckenham Grove, Shortlands, Bromley BR2 0JY2
£375K03/250.16 miFlat 5, 16 Arundel Court, Beckenham Grove, Shortlands, Bromley BR2 0XN2
£465K07/250.16 miFlat 1, 4 Caton Court, Beckenham Grove, Shortlands, Bromley BR2 0JU2
£400K06/230.19 miFlat 1, Cranley Court, Beckenham Grove, Bromley, Greater London BR2 0JZ2
£378K05/250.2 miFlat 5, 9 Squirrels Drey, Park Hill Road, Shortlands, Bromley BR2 0JX2
£378K05/250.2 miFlat 5, 9 Squirrels Drey, Park Hill Road, Shortlands, Bromley BR2 0JX2
£395K06/210.23 mi15, Hildenlea Place, Bromley, Greater London BR2 0YH2
£535K01/250.25 mi78, Flat 2, Scotts Lane, Shortlands, Bromley BR2 0LX2
£400K12/240.28 mi1 Luca Court, Flat 6, Mays Hill Road, Shortlands, Bromley BR2 0AP2
£430K06/210.33 mi48a, Valley Road, Bromley, Greater London BR2 0HD2
£430K11/220.34 mi52a, Valley Road, Bromley, Greater London BR2 0HD2
£325K01/250.34 mi47 Warwick Court, Flat 6, Park Hill Road, Shortlands, Bromley BR2 0LB2
£423K07/230.4 mi6, Pump House Close, Bromley, Greater London BR2 0LA2
£280K08/210.45 mi37a, Martins Road, Bromley, Greater London BR2 0EE2
£435K06/210.46 mi27a, Meadow Road, Bromley, Greater London BR2 0DX2
£335K08/210.52 mi4a, Shortlands Gardens, Bromley, Greater London BR2 0EA2
£490K02/250.57 mi6 Banner, Flat 3, Kemerton Road, Beckenham BR3 6DG2
£442.5K02/230.57 mi28a, Durham Avenue, Bromley, Greater London BR2 0QB2
£260K02/250.57 mi63 65 Park Court, Flat 33, Wickham Road, Beckenham BR3 6QN2
£375K05/230.58 mi5, West Oak, Beckenham, Greater London BR3 5EZ2
£517.5K06/230.6 miFlat 1, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH2
£370K01/250.6 mi6, Flat 2, Farnaby Road, Bromley BR1 4BJ2
£270K10/210.61 miFlat 16, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£287.5K08/230.61 miFlat 15, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£350K08/230.62 mi39, Lankton Close, Beckenham, Greater London BR3 5DZ2
£460K06/250.64 mi5, 72 Sandford Close, The Avenue, Beckenham BR3 5ES2
£460K06/250.64 mi5, 72 Sandford Close, The Avenue, Beckenham BR3 5ES2
£440K05/250.64 mi28, Spruce Park, Cumberland Road, Shortlands, Bromley BR2 0EH2
£440K05/250.64 mi28, Spruce Park, Cumberland Road, Shortlands, Bromley BR2 0EH2
£390K06/250.65 miFlat 5, 70 Carey Court, The Avenue, Beckenham BR3 5ES2
£390K06/250.65 miFlat 5, 70 Carey Court, The Avenue, Beckenham BR3 5ES2
£385K04/250.65 mi18, Mill Vale, Bromley BR2 0EW2
£385K04/250.65 mi18, Mill Vale, Bromley BR2 0EW2
£290K04/250.65 miFlat 6, 5 Glebe Knoll, Beckenham Lane, Bromley BR2 0DA2
£450K03/250.65 miFlat 1, 5 Glebe Knoll, Beckenham Lane, Bromley BR2 0DA2
£290K04/250.65 miFlat 6, 5 Glebe Knoll, Beckenham Lane, Bromley BR2 0DA2
£370K06/210.66 mi13, Madison Gardens, Bromley, Greater London BR2 0SJ2
£437.5K03/250.66 miFlat 6, 51 Magnolia Court, The Avenue, Beckenham BR3 5EE2
£420K03/250.68 miFlat 21, 76 Florida Court, Westmoreland Road, Bromley BR2 0TR2
£365K05/250.69 miFlat 26, 76 Florida Court, Westmoreland Road, Bromley BR2 0TR2
£365K05/250.69 miFlat 26, 76 Florida Court, Westmoreland Road, Bromley BR2 0TR2
£445K11/210.69 mi13, Lakeside, Beckenham, Greater London BR3 6LX2
£370K02/250.71 mi38d, Madeira Avenue, Bromley BR1 4AY2
£435K06/210.71 miFlat 5, Claire Court, Kelsey Park Avenue, Beckenham, Greater London BR3 6ND2

Local Rents

50 rents from £1.4K/mo to £2.8K/mo, average is £1.7K/mo.

Rent
Date
Distance
Address
Beds
 
£1,75011/250.01 miWestpoint, Shortlands Grove, BROMLEY, BR22
£1,69511/250.03 miShortlands Grove, Shortlands, BR22
£1,72510/250.03 miShortlands Grove, Shortlands, BR22
£2,15003/240.04 miShortlands Grove Bromley BR22
£2,15004/240.04 miShortlands Grove Bromley BR22
£1,95008/250.07 miShortlands Road, Bromley, BR22
£1,95009/250.07 miShortlands Road, Bromley, BR22
£1,73506/250.07 mi-2
£1,65008/250.08 miBromley Grove, Bromley, Kent, BR22
£2,10005/250.09 mi-2
£1,60002/240.09 mi-2
£1,60002/240.09 mi-2
£1,80008/250.09 miBromley Grove, Bromley, BR22
£1,55009/250.11 miBromley Grove, Shortlands, Bromley2
£1,70003/240.12 miBeckenham Grove, Bromley, BR22
£2,10002/250.12 mi-2
£1,80011/250.13 miBeckenham Grove, Bromley, BR22
£1,70006/250.14 miCaton Court, 4 Beckenham Grove, Bromley, Kent, BR22
£1,70003/240.14 miCaton Court, 4 Beckenham Grove, Bromley, Kent, BR22
£1,55004/250.14 mi-2
£1,85010/250.16 miBeckenham Grove, Bromley, BR22
£1,45010/250.16 miKingswood Road, Bromley2
£1,50004/240.16 miBeckenham Grove, Shortlands, BR22
£1,60004/240.16 miKingswood Road, Bromley, London, BR22
£1,80002/250.16 mi-2
£1,70002/250.16 mi-2
£2,05011/250.16 mi-2
£1,60010/250.17 miKingswood Road, Bromley2
£1,60011/250.17 miKingswood Road, Bromley2
£1,65010/250.19 miSquirrels Drey, BR22
£1,60010/250.19 miPark Hill Road, Shortlands, Bromley, BR22
£1,60011/250.19 miSquirrels Drey, 9 Park Hill Road, Bromley, BR22
£1,60006/250.2 miPark Hill Road, Bromley, BR22
£1,60003/240.2 miPark Hill Road, Bromley2
£1,75006/250.23 miHildenlea Place, Bromley, BR22
£1,80011/250.23 miMays Hill Road, Bromley, BR22
£1,70004/250.23 mi-2
£1,85006/250.25 mi-2
£1,75004/240.26 miThe Knoll, Bromley, BR22
£1,75012/240.26 mi-2
£2,20007/250.27 miLuca Court, BR2 2
£2,20007/250.27 miLuca Court, BR2 2
£1,77008/250.27 miPark Hill Road, Bromley, BR22
£1,70007/250.27 miPark Hill Road, Shortlands, Bromley, BR22
£1,50009/250.3 miWarwick Court, Park Hill Road, Bromley2
£1,50011/250.3 miWarwick Court, Park Hill Road, Bromley2
£1,50010/250.3 miScotts Lane, Shortlands, Bromley, Kent, BR2 0LX2
£1,72503/240.31 miGlecoe, Park Hill Road, Shortlands, BR22
£1,75011/250.31 miPark Hill Road, Shortlands, Kent, BR22
£2,75008/250.31 miPark Hill Road, Bromley, BR22

Local Area Statistics

Population in BR2

44,903

Nearest school

0.30 miles away

Nearest train station

0.39 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £365,000

July 15, 2024

Floor Plans

Property image

Description

  • 2 Double Bedroom Flat +
  • Gated Development +
  • Share of Freehold +
  • Garage +
  • Long Lease +
  • No Chain +
  • Convenient Location +

A larger than average 2 Bedroomed Purpose Built flat in Shortlands, located in an idyllic tree lined road in a well maintained and sought after gated development and offered to the market in good condition and with NO ONWARD CHAIN. The property has been recently updated in parts and needs to be viewed internally to fully appreciate the overall quality and size of accommodation on offer. In our opinion this property is ideally suited to the first or second time buyer, the buy to let investor or to those who may be downsizing. This property will appeal to the commuter with bus services close by and Shortlands station just a short stroll away offering regular services to Central London and the West End via London Victoria and The City via London Blackfriars. Similarly, local shops are within easy reach in Shortlands Village and both Bromley and Beckenham Town Centres are within a 10 minute drive. With well over 400 retail units to choose from, Bromley is one of the most extensive shopping centres in the region. The Glades Shopping Centre boasts over 130 stores alone, St Marks Square at Bromley South offers additional leisure and dining units including a cinema complex. The property is offered with a Share of Freehold tenure and unexpired lease term of 977 years together with a very reasonable service charge in comparison to other offerings within the Borough. Set within secure, mature and well maintained communal grounds, the property includes garage en bloc, parking outside garage and visitors parking space. The property benefits sliding double glazed windows throughout. Located on the ground floor the property features a spacious entrance hall with security entry phone and two well proportioned storage cupboards. This flows superbly to the rear of the property and opens up to the naturally well lit, 22’9 x 17’5 living / dining room and open planned to the well equipped kitchen offering a range of matching wall & base units, integrated appliances, wooden work surfaces and a storage cupboard. Both bedrooms are genuine doubles overlooking the communal garden, the modern partially tiled bathroom incorporates a white suite with shower over bath and heated towel rail. In our opinion, this outstanding example is likely to attract immediate and significant interest and all prospective purchasers are strongly advised to view immediately to avoid disappointment. Tenure: Share of Freehold Lease Length: 977 Service Charge: £1,590.00pa Ground Rent: N/A Council Tax Band: D

Agent Details

Curran & Pinner, Bromley

020 3835 6362

Next Steps?

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