2 Bed Flat, Refurb/BRRR, BR2 0TR £375,000

Westmoreland Road, Bromley, BR2 0TR - 3 views - a year ago
Sold STC
Refurb/BRRR
~87 m²
Property image
Property image
Property image
Property image

ValuationFair Value

Sold Prices£112.5K - £535K
Sold Prices/m²£1.8K/m² - £7K/m²

 

 

Square Metres

~87.20 m²
Price/m²£4.3K/m²

Value Estimate

£378,750

 

 

End Value (After Refurb)

£522,641

Uplift in Value

+39%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£28,700

Refurb Costs

£50,929

Bridging Loan Interest

£9,844

Total Cash In

£184,973

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£522,641

Agent Fees (1%)

£5,226

Bridging Loan

£281,250

Bridging Loan Interest

£9,844

Flip Profit

£51,191

Local Sold Prices

50 sold prices from £112.5K to £535K, average is £362.5K. £1.8K/m² to £7K/m², average is £5.1K/m².

Price
Date
Distance
Address
Beds
 
£365K05/250.01 miFlat 26, 76 Florida Court, Westmoreland Road, Bromley BR2 0TR2
£365K05/250.01 miFlat 26, 76 Florida Court, Westmoreland Road, Bromley BR2 0TR2
£420K03/250.01 miFlat 21, 76 Florida Court, Westmoreland Road, Bromley BR2 0TR2
£300K06/210.06 mi3, Kingsleigh Walk, Bromley, Greater London BR2 0YE2
£440K05/250.11 mi28, Spruce Park, Cumberland Road, Shortlands, Bromley BR2 0EH2
£440K05/250.11 mi28, Spruce Park, Cumberland Road, Shortlands, Bromley BR2 0EH2
£442.5K02/230.12 mi28a, Durham Avenue, Bromley, Greater London BR2 0QB2
£517.5K06/230.15 miFlat 1, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH2
£310K11/220.19 mi12, Whitehaven Close, Bromley, Greater London BR2 0YA2
£295K03/230.19 mi44, Whitehaven Close, Bromley, Greater London BR2 0YA2
£370K06/210.26 mi13, Madison Gardens, Bromley, Greater London BR2 0SJ2
£446.5K06/230.34 mi52, Beadon Road, Bromley, Greater London BR2 9AT2
£400K03/250.42 miApartment 7, 7 Dewey Court, St Mark's Square, Bromley BR2 9UZ2
£330K07/230.45 mi47c, Ravensbourne Road, Bromley, Greater London BR1 1HW2
£309K06/210.51 miFlat 6, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£295K07/210.51 miFlat 12, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£290K09/210.52 miFlat 138, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£330K05/230.52 miFlat 146, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£300K08/230.52 miFlat 33, Handel Lodge, Fair Acres, Bromley, Greater London BR2 9BL2
£330K12/240.54 mi5, Ethelbert Close, Bromley BR1 1JB2
£385K04/250.54 mi18, Mill Vale, Bromley BR2 0EW2
£385K04/250.54 mi18, Mill Vale, Bromley BR2 0EW2
£312.5K03/250.54 miFlat 54, Vaughan Lodge, Fair Acres, Bromley BR2 9BN2
£423K07/230.55 mi6, Pump House Close, Bromley, Greater London BR2 0LA2
£360K02/250.56 mi18 Hazelwood House, Flat 28, Church Road, Shortlands, Bromley BR2 0HE2
£300K10/210.57 miFlat 121, Elgar Lodge, Fair Acres, Bromley, Greater London BR2 9BP2
£430K11/220.59 mi52a, Valley Road, Bromley, Greater London BR2 0HD2
£430K06/210.6 mi48a, Valley Road, Bromley, Greater London BR2 0HD2
£412.5K03/250.61 mi12a, 42 Axiom Apartments, Sparkes Close, Bromley BR2 9BU2
£365K01/250.63 mi28c, Langdon Road, Bromley BR2 9JS2
£400K12/240.65 mi1 Luca Court, Flat 6, Mays Hill Road, Shortlands, Bromley BR2 0AP2
£359K03/250.65 miFlat 3, 5 Fitzroy Hall, Shortlands Grove, Shortlands, Bromley BR2 0LS2
£465K07/250.66 miFlat 1, 4 Caton Court, Beckenham Grove, Shortlands, Bromley BR2 0JU2
£112.5K12/240.66 miHardwick House, Flat 57, Masons Hill, Bromley BR2 9GW2
£280K08/210.67 mi37a, Martins Road, Bromley, Greater London BR2 0EE2
£427.5K02/230.69 mi12, Foxes Dale, Bromley, Greater London BR2 0JS2
£350K06/250.72 miFlat 41, 9 Westpoint, Shortlands Grove, Shortlands, Bromley BR2 0ND2
£350K06/250.72 miFlat 41, 9 Westpoint, Shortlands Grove, Shortlands, Bromley BR2 0ND2
£290K04/250.73 miFlat 6, 5 Glebe Knoll, Beckenham Lane, Bromley BR2 0DA2
£450K03/250.73 miFlat 1, 5 Glebe Knoll, Beckenham Lane, Bromley BR2 0DA2
£290K04/250.73 miFlat 6, 5 Glebe Knoll, Beckenham Lane, Bromley BR2 0DA2
£330.5K04/250.73 miFlat 2, 4, Hayes Lane, Hayes, Bromley BR2 9EB2
£330.5K04/250.73 miFlat 2, 4, Hayes Lane, Hayes, Bromley BR2 9EB2
£375K03/250.74 miFlat 5, 16 Arundel Court, Beckenham Grove, Shortlands, Bromley BR2 0XN2
£270K10/210.75 miFlat 16, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£287.5K08/230.75 miFlat 15, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£360K02/250.75 miSt James Court, Flat 4, Edison Road, Bromley, Greater London BR2 0EZ2
£535K01/250.76 mi78, Flat 2, Scotts Lane, Shortlands, Bromley BR2 0LX2
£378K05/250.77 miFlat 5, 9 Squirrels Drey, Park Hill Road, Shortlands, Bromley BR2 0JX2
£378K05/250.77 miFlat 5, 9 Squirrels Drey, Park Hill Road, Shortlands, Bromley BR2 0JX2

Local Rents

50 rents from £1.4K/mo to £2.9K/mo, average is £1.7K/mo.

Rent
Date
Distance
Address
Beds
 
£1,65012/240.04 miWestmoreland Road Bromley BR22
£1,65004/240.05 mi-2
£1,65003/240.05 miWestmoreland Road, Bromley, BR22
£1,65004/240.05 miWestmoreland Road, Bromley, BR22
£1,65011/250.05 mi72 Westmoreland Road, Bromley, BR22
£1,70010/250.05 mi-2
£1,60004/240.06 miBodiam Court, Westmoreland Road, Bromley, BR22
£1,70007/250.06 miStamford Drive, BR22
£1,61011/250.06 miKingsleigh Walk, Bromley, BR22
£1,61011/250.06 mi-2
£1,60011/250.1 miWhitley Court, Westmoreland Road, BR22
£1,70003/240.11 miCumberland Road, Bromley, BR22
£1,85006/250.11 miCumberland Road, Bromley, BR22
£2,00003/240.11 mi39 Spruce Park, Cumberland Road, Bromley, Kent BR2 0EH2
£1,70006/250.12 miWestmoreland Road, Bromley, Kent, BR22
£1,90006/250.12 miDurham Avenue Bromley BR22
£1,85005/250.13 mi26 Durham Avenue, Bromley, BR22
£1,75010/250.13 mi-2
£1,80003/240.13 miSouth Hill Road Bromley BR22
£1,80004/240.13 miSouth Hill Road Bromley BR22
£1,80009/250.13 miWoodview, South Hill Road, Bromley, BR22
£1,65007/250.15 miDurham Avenue, Bromley, BR22
£1,65003/240.15 mi-2
£1,60003/240.15 miWestmoreland Road, Bromley, BR22
£2,00008/250.16 mi-2
£2,00008/250.16 miWestmoreland Road, Bromley, BR22
£1,65008/250.16 mi-2
£1,65007/250.16 miRydal Mount, Bromley, BR22
£1,75008/250.17 miCoombe Dene, Bromley, BR22
£1,70010/250.17 miCoombe Dene, Bromley, BR22
£1,55010/250.18 miCumberland Road, Shortlands, Bromley, BR22
£1,50004/240.19 miWhitehaven Close, Westmoreland Road, BR22
£1,65004/240.19 miWhitehaven Close, Bromley South, BR22
£1,60003/240.19 miThe Birches, Durham Road, Bromley, BR22
£1,60006/250.19 miThe Birches, Durham Road, Bromley, BR22
£1,75012/240.2 mi-2
£1,75007/250.2 mi-2
£1,75007/250.2 miDurham Rd, Bromley, BR22
£1,75002/250.2 mi-2
£1,55004/250.21 mi-2
£1,35006/250.21 miCumberland Road, Bromley, BR22
£1,75012/240.22 mi-2
£1,75012/240.22 miWestmoreland Road Bromley BR22
£1,85008/250.22 miWestmoreland Road, Bromley, BR22
£1,78008/250.22 miWinchester Road, Bromley, BR2 0PZ2
£1,85003/240.22 miShortlands, Bromley, BR22
£1,75006/250.22 mi-2
£1,80003/240.22 miWhitehaven Close, Bromley, BR22
£1,95009/250.22 miWhitehaven Close, Bromley, BR22
£2,85011/250.22 mi-2

Local Area Statistics

Population in BR2

44,903

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £375,000

July 25, 2024

Floor Plans

Property image

Description

  • Two bedroom second floor apartment +
  • Requires some modernisation and re-decoration +
  • Far reaching views towards the Kent countryside +
  • Living/dining room, private balcony, fitted kitchen +
  • Master bedroom benefits from an en-suite +
  • Long lease, garage and lift, CHAIN FREE +

This two bedroom second floor apartment requires some modernisation and re-decoration, and has far reaching views towards the Kent countryside. The living/dining room has floor to ceiling sliding doors opening up onto a private balcony, fitted kitchen, the master bedroom benefits from an en-suite, and there is a good sized second bedroom. Florida Court itself is a very desirable development with a long lease, garage and lift, and is located 1/2 mile from Bromley South mainline station with its connections to London. The property is offered to the market CHAIN FREE! EPC: C

Share of Freehold - 900 years
Service Charge - £230 per month
COUNCIL TAX - E
Construction - Traditional
Mains Services - Gas, Sewerage, Water
Heating System - Gas radiators
Broadband - No
Mobile coverage -
Restrictive covenants – Yes

Agent Details

Sinclair Hammelton, Bromley

020 3834 7896

Next Steps?

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