2 Bed Flat, Refurb/BRRR, Beckenham, BR3 5EY, £325,000

The Avenue, Beckenham, London, BR3 5EY - 8 views - 9 months ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 1%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£265K - £485K
Sold Prices/m²£4K/m² - £10.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£334,750
BMV3%

 

 

End Value (After Refurb)

£397,595

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Refurb Costs

£36,033

Bridging Loan Interest

£8,531

Total Cash In

£142,264

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£397,595

Mortgage (After Refinance)

£298,196

Mortgage LTV

75%

Cash Released

£54,446

Cash Left In

£87,818

Equity

£99,399

Rent Range

£1,450 - £2,200

Rent Estimate

£1,689

Running Costs/mo

£1,600

Cashflow/mo

£89

Cashflow/yr

£1,065

ROI

1%

Gross Yield

6%

Local Sold Prices

50 sold prices from £265K to £485K, average is £364.5K. £4K/m² to £10.4K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£375K05/230.06 mi5, West Oak, Beckenham, Greater London BR3 5EZ2
£350K12/200.26 mi24, Cadogan Close, Beckenham, Greater London BR3 5XY2
£360K11/200.32 mi166, Farnaby Road, Bromley, Greater London BR2 0BB2
£375K04/210.34 mi8, Apex Close, Beckenham, Greater London BR3 5TU2
£380K02/210.34 mi6, Apex Close, Beckenham, Greater London BR3 5TU2
£395K03/210.34 mi28, Apex Close, Beckenham, Greater London BR3 5TU2
£375K04/230.34 mi40, Apex Close, Beckenham, Greater London BR3 5TU2
£415K01/230.34 mi17, Apex Close, Beckenham, Greater London BR3 5TU2
£350K08/230.35 mi39, Lankton Close, Beckenham, Greater London BR3 5DZ2
£450K06/210.41 mi18, Waylands Mead, Beckenham, Greater London BR3 5XT2
£415K04/210.41 mi33, Waylands Mead, Beckenham, Greater London BR3 5XT2
£400K06/230.42 miFlat 1, Cranley Court, Beckenham Grove, Bromley, Greater London BR2 0JZ2
£345K01/210.47 mi7, Sutton Close, Beckenham, Greater London BR3 5UG2
£317.5K03/210.47 mi1, Sutton Close, Beckenham, Greater London BR3 5UG2
£395K06/210.48 mi15, Hildenlea Place, Bromley, Greater London BR2 0YH2
£435K06/210.55 mi27a, Meadow Road, Bromley, Greater London BR2 0DX2
£355K12/200.61 mi38d, Madeira Avenue, Bromley, Greater London BR1 4AY2
£285K03/210.61 mi14, Madeira Avenue, Bromley, Greater London BR1 4AZ2
£365K03/210.62 mi29a, Manor Road, Beckenham, Greater London BR3 5JB2
£427.5K02/230.63 mi12, Foxes Dale, Bromley, Greater London BR2 0JS2
£335K08/210.64 mi4a, Shortlands Gardens, Bromley, Greater London BR2 0EA2
£445K11/210.69 mi13, Lakeside, Beckenham, Greater London BR3 6LX2
£380K03/210.69 mi6, Lakeside, Beckenham, Greater London BR3 6LX2
£430K06/210.7 mi48a, Valley Road, Bromley, Greater London BR2 0HD2
£485K03/210.7 mi7b, Church Road, Shortlands, Bromley, Greater London BR2 0HP2
£430K11/220.71 mi52a, Valley Road, Bromley, Greater London BR2 0HD2
£280K08/210.71 mi37a, Martins Road, Bromley, Greater London BR2 0EE2
£400K08/230.72 mi12, Parkwood, Beckenham, Greater London BR3 1TR2
£364K08/230.73 miFlat 5, Westwood House, Abbey Park, Beckenham, Greater London BR3 1PL2
£435K06/210.73 miFlat 5, Claire Court, Kelsey Park Avenue, Beckenham, Greater London BR3 6ND2
£370K10/230.74 miFlat 7, Malling House, Abbey Park, Beckenham, Greater London BR3 1PZ2
£405K05/210.75 mi27, Shannon Way, Beckenham, Greater London BR3 1WG2
£401K05/210.75 mi26, Shannon Way, Beckenham, Greater London BR3 1WG2
£434.5K07/230.75 mi8, Shannon Way, Beckenham, Greater London BR3 1WG2
£350K12/200.75 miFlat 1, Bearstead House, Abbey Park, Beckenham, Greater London BR3 1PP2
£360K09/230.75 mi21, Hanson Close, Beckenham, Greater London BR3 1WJ2
£297.5K03/210.76 miFlat 9, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ2
£300K05/210.76 miFlat 10, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ2
£265K03/210.76 miFlat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF2
£345K11/200.76 miFlat 1, Boxley House, Abbey Park, Beckenham, Greater London BR3 1PS2
£350K07/230.76 miFlat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF2
£350K04/210.77 mi5, Pump House Close, Bromley, Greater London BR2 0LA2
£423K07/230.77 mi6, Pump House Close, Bromley, Greater London BR2 0LA2
£345K01/210.78 miFlat 1, Minster House, Abbey Park, Beckenham, Greater London BR3 1PR2
£270K10/210.79 miFlat 16, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£287.5K08/230.79 miFlat 15, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£355K06/230.79 miFlat 5, Edden House, Brackley Road, Beckenham, Greater London BR3 1RD2
£325.3K03/230.79 mi98a, London Road, Bromley, Greater London BR1 3RL2
£290K08/230.8 mi46, Chislet Close, Beckenham, Greater London BR3 1UB2
£320K09/210.85 miFlat 5, Jodie Court, Stevens Close, Beckenham, Greater London BR3 1RT2

Local Rents

50 rents from £1.4K/mo to £2.2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,69512/240.04 mi-2
£1,80001/250.06 mi-2
£1,60003/240.13 miRegents Court, Albemarle Road, Beckenham, BR32
£1,55003/240.14 miFoxgrove Road, Beckenham, BR3 5DD2
£1,70003/250.14 mi-2
£1,70002/250.14 mi-2
£2,00002/240.15 mi-2
£1,59505/240.17 mi-2
£1,59504/240.17 miGlenhurst, Beckenham, BR32
£1,90003/240.18 miAlbemarle Road, Bedgebury Court, BR32
£1,59903/240.18 miChinnery Court, BR32
£1,60012/240.18 mi-2
£1,55003/240.18 miBalmoral Court , 35 The Avenue 2
£1,85003/240.21 miAlbemarle Road, Beckenham, BR32
£1,75004/240.22 miAlbemarle Road Beckenham BR32
£1,80003/240.23 mi-2
£1,69903/240.23 mi-2
£1,69903/240.23 miBromley Road, Beckenham, BR32
£2,20004/250.23 mi-2
£1,60003/240.23 miFoxgrove Road, Beckenham BR32
£1,60003/240.23 miThe Heights, Foxgrove Road, BR32
£1,60003/240.23 miFoxgrove Road, Beckenham BR32
£1,80003/240.23 miAlbemarle Road, Beckenham, Kent2
£1,79905/250.24 mi-2
£1,65004/240.25 miThe Heights, Foxgrove Road, Beckenham, BR32
£2,10003/240.25 miAlbemarle Road Beckenham BR32
£1,95004/250.29 mi-2
£1,90003/240.29 mi-2
£1,67503/240.29 miCopperfields, 48 The Avenue, Beckenham, BR32
£1,95003/240.3 miWestgate Road, Beckenham, BR32
£1,65012/240.31 mi-2
£1,90005/240.32 miCopperfields, The Avenue, Beckenham, BR32
£1,65005/240.34 miLankton Close, Beckenham, BR32
£1,80012/240.34 mi-2
£1,75003/240.34 miApex Close, Beckenham, BR32
£1,75003/240.34 miOakwood Avenue Beckenham BR32
£1,65003/240.34 miLankton Close, Beckenham2
£1,60001/250.37 mi-2
£1,65003/240.38 miBromley Road Beckenham BR32
£1,65004/240.38 miBromley Road Beckenham BR32
£1,75004/240.43 miAlbemarle Road Beckenham BR32
£1,70005/240.45 miClarendon Court, 14 Albemarle Road, Beckenham, BR32
£1,60003/240.46 miCrescent Road, Beckenham, BR3 6NE2
£1,95003/240.46 miSeychelle Court, Beckenham, BR3 5XU2
£1,45003/240.48 miAlbemarle park, Albemarle Road, Beckenham, BR3 2
£1,60003/240.48 miAlbemarle Road Beckenham BR32
£1,60004/240.48 miAlbemarle Road Beckenham BR32
£1,65003/240.48 miSpire Court, Beckenham, Kent, BR32
£1,65003/240.48 miCrescent Road Beckenham BR32
£1,55004/240.49 miBromley Road, Shortlands, Bromley, BR22

Local Area Statistics

Population in BR3

47,386

Population in Beckenham

47,411

Town centre distance

1 miles away

Nearest school

0.30 miles away

Nearest train station

0.28 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £325,000

August 3, 2024

Floor Plans

Description

  • A most spacious 2 Bed Top Floor purpose-built Apartment with a Garage En-Bloc. +
  • Located on the exclusive unadopted section of The Avenue Beckenham, equidistant from all the excellent amenities offered by Shortlands Village and Beckenham High Street. +
  • Short walking distance to a choice of local railway stations and schools plus the open spaces of Beckenham Place Park. +
  • Internally this spacious Apartment, requires a degree of modernisation but provides the space for a perfect blank canvas! +
  • UPVC double glazed windows. Gas Fired Central Heating via radiators - 'Worcester' Combination Gas Boiler. +
  • Spacious Entrance Hall. Large Living/Dining Room. Good size Kitchen. 2 very well proportioned bedrooms and a generous sized Bathroom. +
  • Lovely views from the rear facing Living/Dining Room over the gardens and beyond. +
  • New Instruction! Chain Free! Agent holds key! Book your viewing with Andrew Kingsley! +
  • In our opinion, this particular Apartment offers excellent value for money compared to others in its category - put it to the test and arrange your viewing now! +

Andrew Kingsley as Sole Agent is delighted to offer for sale this most spacious 2 bed Top Floor purpose-built apartment with a Garage En-bloc, requiring a degree of modernisation and located on the exclusive unadopted section of The Avenue Beckenham, equidistant from all the excellent amenities offered by Shortlands Village and Beckenham High Street.
Nearest railway stations: Ravensbourne (490 yards), Shortlands (0.7 miles), Beckenham Junction Tramlink (0.7 miles), Beckenham Hill (1 mile), New Beckenham (1.1 miles), Bromley North (1.2 miles) and Clock House (1.3 miles).
Nearest Primary schools: St Mary's Catholic Primary School (480 yards), Clare House Primary School (850 yards), Harris Primary Academy Beckenham Green (0.6 miles), Valley Primary School (0.8 miles), Worsley Bridge Primary School (0.8 miles), Harris Primary Academy Shortlands (0.9 miles), St Augustine's Catholic Primary School & Nursery (0.9 miles), Harris Primary Academy Beckenham (1.1 miles) and Highfield Junior School (1.1 miles). Nearest Secondary schools: Harris Academy Beckenham (1 mile), Bonus Pastor Catholic College (1.2 miles), Langley Park School for Girls (1.6 miles) and Langley Park School for Boys (1.7 miles).
Internally the accommodation comprises: Entrance Hall/Landing area, large Living/Dining Room, a fitted Kitchen, 2 double bedrooms and a large Bathroom.
Other benefits include: UPVC double glazed windows, Gas Fired Central Heating via radiators - 'Worcester' Gas Fired Combination Gas Boiler, a spacious fitted Kitchen, carpets as fitted, neutral décor throughout, positioned on the Top Floor of the Block, communal grounds, Garage En-bloc and located on the exclusive unadopted section of The Avenue, Beckenham.
In our opinion the most spacious 2 bed Top Floor purpose-built apartment, located on the exclusive unadopted section of The Avenue Beckenham, should be viewed at your earliest possible convenience! New Instruction! Chain Free! Agent holds key! Book your appointment to view with 'Andrew Kingsley' - we look forward to welcoming you at the property!

COVERED COMMUNAL ENTRANCE PORCH: Flat roof construction. Security Light. Communal Entrance Door (Timber frame/single glazed) leading to a Communal Entrance Hall:-

COMMUNAL ENTRANCE HALL: Large Coir Matting area to Threshold. Meter Cupboard. Stairs leading to all floors - Aluminium framed Window (single glazed/opener) to front elevation on each Floor:-

TOP FLOOR: Flat 11:- Hard Wood Panelled Front Door (Spyhole) leading to Entrance Hall:-

ENTRANCE HALL: Built-in Storage Cupboard housing a Consumer Unit (metal cased) and a Gas Meter, further built-in Storage Cupboard with shelving, carpet as fitted, skirting, Telephone Point, directional Spot Light to ceiling x 2, Smoke Detector to ceiling, single panel convector radiator, wide Architrave opening to Living/Dining Room, Architrave opening to Kitchen, white Panelled doors leading to bedrooms and the Bathroom.

LIVING/DINING ROOM: 19' 0" (5.79m) x 12' 6" (3.81m). UPVC double glazed Picture windows
(2 lower openers/lever locks with key) to rear elevation with views over communal grounds, double panel convector radiator with a TRV, carpet as fitted, skirting, coved ceiling, 2 drop pendant light fittings to ceiling, 3 double power points, T.V. Aerial Point and a Telephone Point.

KITCHEN: 11' 1" (3.39m) x 9' 6" (2.90m). UPVC double glazed windows (top opener/lower opener) to rear elevation with views over communal gardens, Vinyl flooring (Oak strip effect), range of Pine wall and base units with tiled work top surfaces over (Pine strip edge),
inset sink unit with a single bowl single drainer and mixer tap, free standing 'Electra' Cooker -
4 burner Gas Hob/Electric Oven and Grill, Fridge unit under work top surface, Freezer unit under work top surface, 'Hoover' Washing machine under work top surface, wall mounted 'Worcester' Combination Gas Boiler for C/H and H/W behind a matching Door front, oval plate to ceiling with
3 adjustable downlighters, Air Vent to rear wall and power points.

BEDROOM ONE: 13' 4" (4.08m) x 10' 10" (3.31m). UPVC double glazed Window (full lower opener/full top opener/lever locks with key) x 2 to front elevation, carpet as fitted, skirting, single panel convector radiator with a TRV, range of fitted wardrobes to one wall with mirrored sliding door fronts, circular block to ceiling with 3 adjustable-downlighters and one double power point.

BEDROOM TWO: 9' 7" (2.91m) x 8' 2" (2.49m). UPVC double glazed Window (full lower opener/full top opener/lever locks with key) to front elevation, carpet as fitted, skirting, Vinyl floor tiles, single panel convector radiator with a TRV, Telephone Point, drop pendant light fitting to ceiling and a double power point.

BATHROOM: 9' 6" (2.90m) x 7' 3" (2.21m). Acrylic Panelled Bath with a chrome plated mixer tap/Shower Head attachment, 'Triton T45' Booster Pump for the Shower attachment to wall over Bath, tiling to walls to Bath/Shower area, Pedestal Wash Hand Basin with a chrome plated mixer tap/sink pull, part tiling to walls, 'Xpelair Premier' Extractor Fan to wall, Low Level W.C., with a chrome plated Flush Handle, single panel convector radiator, doors to former Airing Cupboard,
Air Vent to side wall and Vinyl flooring.

OTHER INFORMATION:-

TENURE: Leasehold.

LENGTH OF LEASE: 899 years remaining. To be confirmed by the Vendor.

MAINTENANCE/SERVICE CHARGE: £2,080 per annum. To be confirmed by the Vendor.

GROUND RENT: £180 per annum. To be confirmed by the Vendor.

LOCAL AUTHORITY: LONDON BOROUGH OF BROMLEY

COUNCIL TAX BAND: BAND 'D'. To be confirmed by the Vendor.

EXTERIOR.

FRONT ELEVATION - area laid to lawn. Pavement. Driveway to front and sides and leading to garages en-bloc.

REAR ELEVATION - Driveway leading to the front elevation of the Block and to the garages en-bloc to the rear elevation. Generous garden
area laid with mature trees and shrubs.

GARAGE: Single Garage En-bloc with a metal up-and-over Door.

Agent Details

Andrew Kingsley, Beckenham

020 3962 2404

Next Steps?

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