2 Bed Flat, Single Let, BR2 0DA, £290,000

Beckenham Lane, Bromley, BR2 0DA - 5 views - 8 months ago

Sold STC
Leasehold
Auction
BTL
ROI: 4%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£223K - £517.5K
Sold Prices/m²£3.5K/m² - £10.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.3K/m²

Value Estimate

£347,928
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£11,900

Total Cash In

£84,400

 

 

Cash Out

 

Rent Range

£1,500 - £2,300

Rent Estimate

£1,500

Running Costs/mo

£1,226

Cashflow/mo

£274

Cashflow/yr

£3,285

ROI

4%

Gross Yield

6%

Local Sold Prices

50 sold prices from £223K to £517.5K, average is £335K. £3.5K/m² to £10.4K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£270K10/210.05 miFlat 16, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£287.5K08/230.05 miFlat 15, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£351K01/210.07 miFlat 17, Weymouth House, Hill House Mews, Bromley, Greater London BR2 0DD2
£285K11/200.1 mi150, Blyth Road, Bromley, Greater London BR1 3RT2
£375K03/210.14 miFlat 1, St James Court, Edison Road, Bromley, Greater London BR2 0EZ2
£302.5K03/210.17 mi4, Glassmill Lane, Bromley, Greater London BR2 0EJ2
£280K08/210.18 mi37a, Martins Road, Bromley, Greater London BR2 0EE2
£335K08/210.2 mi4a, Shortlands Gardens, Bromley, Greater London BR2 0EA2
£350K04/210.25 mi5, Pump House Close, Bromley, Greater London BR2 0LA2
£423K07/230.25 mi6, Pump House Close, Bromley, Greater London BR2 0LA2
£297.5K03/210.25 miFlat 9, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ2
£300K05/210.25 miFlat 10, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ2
£285K03/210.28 mi14, Madeira Avenue, Bromley, Greater London BR1 4AZ2
£435K06/210.29 mi27a, Meadow Road, Bromley, Greater London BR2 0DX2
£430K11/220.3 mi52a, Valley Road, Bromley, Greater London BR2 0HD2
£430K06/210.3 mi48a, Valley Road, Bromley, Greater London BR2 0HD2
£350K01/210.3 mi44b, Hammelton Road, Bromley, Greater London BR1 3PY2
£375K11/200.31 mi16a, Hammelton Road, Bromley, Greater London BR1 3PY2
£235K03/210.34 miFlat 23, Newman Court, North Street, Bromley, Greater London BR1 1BQ2
£355K12/200.35 mi38d, Madeira Avenue, Bromley, Greater London BR1 4AY2
£265K04/210.38 mi33, Weston Grove, Bromley, Greater London BR1 3RJ2
£330K07/230.41 mi47c, Ravensbourne Road, Bromley, Greater London BR1 1HW2
£310K06/210.43 mi31, Weston Road, Bromley, Greater London BR1 3RH2
£350K07/230.44 miFlat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF2
£265K03/210.44 miFlat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF2
£335K03/210.45 mi54, Hope Park, Bromley, Greater London BR1 3RQ2
£395K06/210.48 mi15, Hildenlea Place, Bromley, Greater London BR2 0YH2
£238K11/200.48 mi91, Hope Park, Bromley, Greater London BR1 3RG2
£370K06/210.48 mi13, Madison Gardens, Bromley, Greater London BR2 0SJ2
£485K03/210.49 mi7b, Church Road, Shortlands, Bromley, Greater London BR2 0HP2
£223K04/230.49 mi85, Howard Road, Bromley, Greater London BR1 3QQ2
£340K04/210.53 mi44b, Morgan Road, Bromley, Greater London BR1 3QF2
£325K11/200.53 mi78a, Morgan Road, Bromley, Greater London BR1 3QF2
£310K09/210.55 mi38, Palace Road, Bromley, Greater London BR1 3JT2
£357K11/200.56 miThe First And Second Floor Flat, 108, College Road, Bromley, Greater London BR1 3PF2
£357K11/200.57 miThe First And Second Floor Flat, 108, College Road, Bromley, Greater London BR1 3PF2
£325.3K03/230.58 mi98a, London Road, Bromley, Greater London BR1 3RL2
£350K12/200.61 mi24, Cadogan Close, Beckenham, Greater London BR3 5XY2
£400K06/230.62 miFlat 1, Cranley Court, Beckenham Grove, Bromley, Greater London BR2 0JZ2
£442.5K02/230.63 mi28a, Durham Avenue, Bromley, Greater London BR2 0QB2
£330K12/200.64 mi24b, Cambridge Road, Bromley, Greater London BR1 4EA2
£365K03/230.66 mi29a, Lansdowne Road, Bromley, Greater London BR1 3PG2
£360K11/200.67 mi166, Farnaby Road, Bromley, Greater London BR2 0BB2
£427.5K02/230.68 mi12, Foxes Dale, Bromley, Greater London BR2 0JS2
£320K01/210.7 mi47, Whitehaven Close, Bromley, Greater London BR2 0YA2
£310K11/220.7 mi12, Whitehaven Close, Bromley, Greater London BR2 0YA2
£295K03/230.7 mi44, Whitehaven Close, Bromley, Greater London BR2 0YA2
£310K02/210.75 mi24, Stamford Drive, Bromley, Greater London BR2 0XF2
£300K06/210.76 mi3, Kingsleigh Walk, Bromley, Greater London BR2 0YE2
£517.5K06/230.77 miFlat 1, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH2

Local Rents

50 rents from £1.5K/mo to £2.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,75003/240.04 miBeckenham Lane, Bromley, BR22
£1,75004/240.04 miBeckenham Lane, Shortlands, Bromley, BR22
£1,70004/240.07 miWeymouth House, Bromley, BR22
£1,50004/250.1 mi-2
£1,80004/240.15 miRecreation Road Bromley BR22
£1,70004/240.16 miFarnaby Road, Bromley, BR12
£1,65003/240.17 miGlassmill Lane, Shortlands, Bromley, BR22
£1,50003/240.18 miMartins Road, Shortlands, Bromley, BR22
£1,90001/250.19 mi-2
£2,00003/240.2 miQueens Mead Road Bromley BR22
£1,79504/250.2 mi-2
£2,30003/250.21 mi-2
£1,50003/240.21 miShortlands Gardens, Shortlands, Bromley, BR22
£1,60003/250.22 mi-2
£1,75003/240.24 miMartins Road, Shortlands, Bromley, BR22
£1,85003/240.24 miPump House Close, BR22
£1,65012/240.24 mi-2
£1,80004/240.25 miPamphilon House, Bromley High Street, BR12
£1,95003/240.25 miBlyth Road, Bromley, BR12
£1,80002/250.26 mi-2
£1,95003/240.26 miBlyth Road Bromley BR12
£1,95004/240.27 mi4 Blyth Road, Bromley, Kent, BR12
£1,80003/240.29 miGwydyr Road, Bromley, BR22
£1,80004/240.29 miGwydyr Road, Bromley, BR22
£1,75003/240.29 miMeadow Road, Bromley, BR22
£1,90003/240.29 miMarket Square, Bromley, BR12
£1,90004/240.29 miMarket Square, Bromley, BR12
£1,75004/240.29 miMeadow Road, Bromley, BR22
£1,80012/240.3 miValley Road Bromley BR22
£1,60002/240.3 mi-2
£1,60003/240.3 mi-2
£1,50003/240.3 mi-2
£1,60003/240.3 mi-2
£1,60004/240.3 mi-2
£1,60005/240.3 mi-2
£1,70001/250.3 mi-2
£1,70002/250.3 mi-2
£1,70001/250.3 mi-2
£2,00003/240.3 miMarket Square, Bromley, BR12
£2,00004/240.3 miMarket Square, Bromley, BR12
£1,50004/240.3 miNorth Street, Bromley, BR12
£1,60012/240.31 mi-2
£1,70004/240.34 miHammelton Road, Bromley, BR12
£1,50003/240.35 miEthelbert Close, Bromley BR12
£1,60003/240.36 miEthelbert Close, Bromley, BR12
£1,80003/250.36 mi-2
£1,70003/240.36 miHighland Road, Bromley, BR12
£1,55004/240.37 miBromley Road, Shortlands, Bromley, BR22
£1,75012/240.38 mi-2
£1,75004/240.38 miThe Knoll, Bromley, BR22

Local Area Statistics

Population in BR2

44,903

Nearest school

0.10 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £290,000

August 2, 2024

Floor Plans

Description

This beautiful, two bedroom, first floor period conversion of a Victorian mansion house is offered to the market in excellent condition throughout and boasts high ceilings, allocated off road parking and gated entrance.

The wonderful grounds are a particular feature of the property with elevated rockeries and lawned areas. The building is set within walking distance to Queensmead historic recreation ground and of all the facilities and amenities of Bromley High Street and The Glades shopping centre. Transport links can be found at Shortlands and Bromley North stations with a multitude of bus routes nearby.

CHAIN FREE!!

Auctioneer Comments
This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited. This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property. The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding. A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of £349 inc. VAT towards the preparation cost of the pack. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral. These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.

Local Authority: Bromley
Council Tax Band: D

Agent Details

Alan de Maid, Bromley

020 3872 5250

Next Steps?

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