2 Bed Flat, Single Let, Orpington, BR5 4LZ, £275,000

144 Dyke Drive, Orpington, Greater London, BR5 4LZ - 3 views - 9 months ago

Sold STC

Leasehold

BTL

ROI: 5%

59 m²

+9 photos

ValuationFair Value

Sold Prices	£152.5K - £370K
Sold Prices/m²	£2.5K/m² - £8.6K/m²

Square Metres	59 m²
Price/m²	£4.7K/m²
Value Estimate	£279,850£279,850

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£68,750£68,750
Stamp Duty & Legal Fees	£10,700£10,700
Total Cash In	£79,450£79,450

Cash Out
Rent Range	£1,400 - £2,100£1,400 - £2,100
Rent Estimate	£1,500
Running Costs/mo	£1,179£1,179
Cashflow/mo	£321£321
Cashflow/yr	£3,848£3,848
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

20 sold prices from £152.5K to £370K, average is £266K. £2.5K/m² to £8.6K/m², average is £4.7K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£265K	08/21	0.04 mi	111, Dyke Drive, Orpington, Greater London BR5 4LY	£4,274	62	2	Flat
£240K	06/21	0.06 mi	62, Bournewood Road, Orpington, Greater London BR5 4JL	-	-	2	Flat
£267K	02/21	0.1 mi	36, Haydens Close, Orpington, Greater London BR5 4JE	£4,684	57	2	Flat
£370K	01/23	0.15 mi	18, Killewarren Way, Orpington, Greater London BR5 4DJ	-	-	2	Flat
£287K	09/21	0.36 mi	7, Red Lion Close, Orpington, Greater London BR5 4AP	£4,521	63	2	Flat
£280K	06/21	0.53 mi	78, Coleridge Way, Orpington, Greater London BR6 0UQ	£4,444	63	2	Flat
£250K	02/21	0.7 mi	9, Barnesdale Crescent, Orpington, Greater London BR5 2AU	£4,902	51	2	Flat
£325K	12/22	0.7 mi	45, Barnesdale Crescent, Orpington, Greater London BR5 2AU	£8,553	38	2	Flat
£315K	04/23	0.7 mi	49, Oakdene Road, Orpington, Greater London BR5 2AL	£5,943	53	2	Flat
£152.5K	06/21	0.71 mi	9b, Stanley Way, Orpington, Greater London BR5 2HE	£2,470	62	2	Flat
£180K	03/21	0.71 mi	7b, Stanley Way, Orpington, Greater London BR5 2HE	£2,951	61	2	Flat
£260K	06/23	0.71 mi	7b, Stanley Way, Orpington, Greater London BR5 2HE	£4,262	61	2	Flat
£280.5K	02/23	0.79 mi	139, Oakdene Road, Orpington, Greater London BR5 2AP	£5,194	54	2	Flat
£255K	02/23	0.81 mi	25, Cray Valley Road, St Mary Cray, Orpington, Greater London BR5 2EY	£5,426	47	2	Flat
£240K	05/23	0.82 mi	11, Cray Valley Road, St Mary Cray, Orpington, Greater London BR5 2EY	£4,615	52	2	Flat
£280K	02/21	0.82 mi	127, Oakdene Road, Orpington, Greater London BR5 2AP	£6,087	46	2	Flat
£277K	10/22	0.83 mi	33, Sidmouth Road, Orpington, Greater London BR5 2EQ	-	-	2	Flat
£252K	10/22	0.84 mi	4, Cray Valley Road, Orpington, Greater London BR5 2EZ	£4,755	53	2	Flat
£270K	10/21	0.84 mi	14, Cray Valley Road, Orpington, Greater London BR5 2EZ	£5,400	50	2	Flat
£245K	03/21	0.86 mi	21, Sidmouth Road, Orpington, Greater London BR5 2EG	-	-	2	Flat

Local Rents

26 rents from £1.4K/mo to £2.1K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,500	12/24	0.07 mi	Bournewood Road, BR5, Orpington	2	Flat
£1,500	03/24	0.26 mi	1 Albert Road St. Mary Cray BR5	2	Flat
£1,500	12/24	0.26 mi	Albert Road, Orpington, BR5	2	Flat
£2,100	03/24	0.27 mi	Goddington Manor, Court Road, Orpington, BR6	2	Flat
£1,500	12/24	0.27 mi	Anglesea Road, St Pauls Cray, BR5	2	Flat
£1,600	03/24	0.27 mi	Chelsfield Road Orpington BR5	2	Flat
£1,599	04/25	0.28 mi	-	2	Flat
£1,400	04/24	0.29 mi	Lower Road, Orpington, BR5	2	Flat
£1,600	01/24	0.32 mi	-	2	Terraced House
£1,900	01/25	0.33 mi	-	2	Semi-Detached House
£1,550	03/25	0.37 mi	-	2	Flat
£1,600	12/24	0.42 mi	Kent Road, Orpington, BR5	2	Flat
£1,600	12/24	0.43 mi	Kent Road, Orpington, kent, BR5	2	Flat
£1,600	12/24	0.43 mi	Kent Road, Orpington, BR5	2	Flat
£1,750	12/24	0.43 mi	-	2	Terraced House
£1,600	04/24	0.46 mi	Brookmead Way, Orpington, BR5	2	Semi-Detached House
£2,000	01/25	0.47 mi	-	2	Flat
£1,595	02/25	0.51 mi	-	2	Flat
£1,550	03/24	0.51 mi	Chislehurst Road, Orpington, BR6	2	Flat
£1,850	12/24	0.52 mi	Church Hill, Orpington, BR6	2	Flat
£1,500	03/24	0.53 mi	Coleridge Way Orpington, BR6	2	Flat
£1,750	04/25	0.53 mi	-	2	Semi-Detached House
£1,750	12/24	0.53 mi	Church Hill, Orpington, BR6	2	Flat
£1,850	12/24	0.53 mi	Church Hill, Orpington, BR6	2	Flat
£1,750	12/24	0.53 mi	Church Hill Orpington BR6	2	Flat
£1,500	12/24	0.55 mi	High Street, Orpington, BR6	2	Flat

Local Area Statistics

Population in BR5	45,92345,923
Population in Orpington	92,06892,068
Town centre distance	1.98 miles away1.98 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.99 miles away0.99 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+2%+2%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £275,000

July 26, 2024

Sold for £230,000

2017

Floor Plans

Description

2 Double Bedroom Second Floor Apartment +
Well Located for Orpington High Street & Stations +
Long Lease - 138 Years Remaining +
Garage En-Bloc & On Road Parking +

Thomas Brown Estates are delighted to offer this rare to the market, modernised and immaculately presented second floor (top floor) two double bedroom apartment boasting a long lease of circa 138 years and a garage en-bloc. The accommodation comprises; communal entrance leading to the private front door, entrance hall, spacious lounge/dining room that leads to the kitchen, two double bedrooms and the family bathroom. Externally there are well kept communal gardens and ample on road parking for residents. Dyke Drive is well located for Orpington High Street, Orpington and St. Mary Cray Station, local schools and bus routes. Internal viewing is highly recommended. Please call Thomas Brown Estate Agents in Orpington to arrange a viewing.

COMMUNAL ENTRANCE

ENTRANCE HALL Door to side, storage cupboard, carpet.

LOUNGE/DINER 16' 0" x 14' 08" (4.88m x 4.47m) Double glazed window to rear, carpet, two storage heaters.

KITCHEN 10' 09" x 6' 06" (3.28m x 1.98m) Range of matching wall and base units with worktops over, one and a half bowl stainless steel sink and drainer, integrated oven, integrated induction hob with extractor over, space for fridge/freezer, space for washing machine, double glazed window to rear, vinyl flooring.

BEDROOM 1 11' 11" x 9' 10" (3.63m x 3m) Double glazed window to front, carpet, storage heater.

BEDROOM 2 11' 09" x 8' 06" (3.58m x 2.59m) Double glazed window to front, carpet, storage heater.

BATHROOM Low level WC, wash hand basin in vanity unit, bath with shower over, double glazed opaque window to side, vinyl flooring.

OTHER BENEFITS INCLUDE:

COMMUNAL GARDENS

GARAGE EN-BLOC

AMPLE ON ROAD PARKING

DOUBLE GLAZING

LEASEHOLD 138 years remaining.

COUNCIL TAX BAND: C

MAINTENANCE CHARGES (AS ADVISED BY VENDOR): Service charge & Ground rent: £1063.40 pa (£88.62 pm)
Insurance charge: £455.82 pa (£37.99 pm)

**Please note these charges may be subject to reviews and this should be verified by your solicitor.