2 Bed Flat, Single Let, Orpington, BR5 3RD, £200,000

Cray View Close, Orpington, Kent, BR5 3RD - 9 views - 8 months ago

Sold STC

Leasehold

BTL

ROI: 9%

~68 m²

+1 photos

ValuationUndervalued

Sold Prices	£151K - £370K
Sold Prices/m²	£2.5K/m² - £8.6K/m²

Square Metres	~68.11 m²
Price/m²	£2.9K/m²
Value Estimate	£244,000£244,000
BMV	22%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£50,000£50,000
Stamp Duty & Legal Fees	£7,200£7,200
Total Cash In	£57,200£57,200

Cash Out
Rent Range	£1,300 - £2,000£1,300 - £2,000
Rent Estimate	£1,344
Running Costs/mo	£914£914
Cashflow/mo	£430£430
Cashflow/yr	£5,162£5,162
ROI	9%9%
Gross Yield	8%8%

Local Sold Prices

26 sold prices from £151K to £370K, average is £268.5K. £2.5K/m² to £8.6K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£285K	01/23	0.28 mi	8, Craylands, Orpington, Greater London BR5 3HA	£4,831	59	2	Flat
£255K	02/23	0.34 mi	25, Cray Valley Road, St Mary Cray, Orpington, Greater London BR5 2EY	£5,426	47	2	Flat
£152.5K	06/21	0.34 mi	9b, Stanley Way, Orpington, Greater London BR5 2HE	£2,470	62	2	Flat
£180K	03/21	0.34 mi	7b, Stanley Way, Orpington, Greater London BR5 2HE	£2,951	61	2	Flat
£260K	06/23	0.34 mi	7b, Stanley Way, Orpington, Greater London BR5 2HE	£4,262	61	2	Flat
£245K	03/21	0.35 mi	21, Sidmouth Road, Orpington, Greater London BR5 2EG	-	-	2	Flat
£252K	10/22	0.35 mi	4, Cray Valley Road, Orpington, Greater London BR5 2EZ	£4,755	53	2	Flat
£270K	10/21	0.36 mi	14, Cray Valley Road, Orpington, Greater London BR5 2EZ	£5,400	50	2	Flat
£240K	05/23	0.37 mi	11, Cray Valley Road, St Mary Cray, Orpington, Greater London BR5 2EY	£4,615	52	2	Flat
£277K	10/22	0.39 mi	33, Sidmouth Road, Orpington, Greater London BR5 2EQ	-	-	2	Flat
£151K	03/21	0.4 mi	Flat 2, Julienne House, Main Road, Orpington, Greater London BR5 3HD	-	-	2	Flat
£287K	09/21	0.49 mi	7, Red Lion Close, Orpington, Greater London BR5 4AP	£4,521	63	2	Flat
£300K	09/21	0.53 mi	1, St Marys Close, Orpington, Greater London BR5 3AJ	£5,614	53	2	Flat
£277.5K	08/21	0.53 mi	13, St Marys Close, Orpington, Greater London BR5 3AJ	£5,139	54	2	Flat
£250K	02/21	0.65 mi	9, Barnesdale Crescent, Orpington, Greater London BR5 2AU	£4,902	51	2	Flat
£325K	12/22	0.65 mi	45, Barnesdale Crescent, Orpington, Greater London BR5 2AU	£8,553	38	2	Flat
£295K	06/23	0.65 mi	72, Longbury Drive, Orpington, Greater London BR5 2JS	£4,609	64	2	Flat
£370K	01/23	0.72 mi	18, Killewarren Way, Orpington, Greater London BR5 4DJ	-	-	2	Flat
£315K	04/23	0.72 mi	49, Oakdene Road, Orpington, Greater London BR5 2AL	£5,943	53	2	Flat
£250K	03/21	0.75 mi	71, Dawson Avenue, Orpington, Greater London BR5 3AY	-	-	2	Flat
£280K	06/21	0.76 mi	78, Coleridge Way, Orpington, Greater London BR6 0UQ	£4,444	63	2	Flat
£280.5K	02/23	0.77 mi	139, Oakdene Road, Orpington, Greater London BR5 2AP	£5,194	54	2	Flat
£267K	02/21	0.78 mi	36, Haydens Close, Orpington, Greater London BR5 4JE	£4,684	57	2	Flat
£280K	02/21	0.79 mi	127, Oakdene Road, Orpington, Greater London BR5 2AP	£6,087	46	2	Flat
£240K	06/21	0.86 mi	62, Bournewood Road, Orpington, Greater London BR5 4JL	-	-	2	Flat
£265K	08/21	0.86 mi	111, Dyke Drive, Orpington, Greater London BR5 4LY	£4,274	62	2	Flat

Local Rents

46 rents from £1.3K/mo to £2K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	11/23	0.01 mi	-	2	Flat
£1,550	12/24	0.04 mi	Market Meadow, Orpington, BR5	2	Terraced House
£1,550	12/24	0.04 mi	-	2	Terraced House
£1,575	03/24	0.11 mi	-	2	Flat
£1,600	04/25	0.11 mi	-	2	Flat
£1,575	03/24	0.11 mi	Pinnacle House, Orpington, BR5	2	Flat
£1,575	03/24	0.11 mi	Pinnacle House, Orpington, BR5	2	Flat
£1,575	03/24	0.11 mi	Pinnacle House, Orpington, BR5	2	Flat
£1,575	03/24	0.11 mi	Pinnacle House, Orpington, BR5	2	Flat
£1,500	12/24	0.24 mi	Orchard Place, Main Road, Orpington, BR5	2	Flat
£1,820	02/25	0.24 mi	-	2	Terraced House
£1,750	03/24	0.25 mi	Cherry Orchard Close, Orpington, BR5	2	Flat
£1,500	01/25	0.29 mi	-	2	Flat
£1,500	12/24	0.31 mi	Brantwood Way, Orpington, BR5	2	Flat
£1,650	12/24	0.33 mi	Doveney Close, Orpington, BR5 3WE	2	Flat
£1,500	03/24	0.34 mi	Doveney Close, Orpington, BR5	2	Flat
£1,500	03/24	0.34 mi	Doveney Close, ORPINGTON, Kent, BR5	2	Terraced House
£1,600	12/23	0.35 mi	-	2	Terraced House
£1,695	02/24	0.36 mi	-	2	Terraced House
£1,750	04/25	0.37 mi	-	2	Terraced House
£1,650	03/24	0.41 mi	Star Lane, Orpington, Kent, BR5	2	Terraced House
£1,300	12/24	0.43 mi	Curtismill Way, Orpington, Kent, BR5	2	Semi-Detached House
£1,750	04/25	0.44 mi	-	2	Semi-Detached House
£1,500	01/24	0.44 mi	-	2	Terraced House
£1,795	11/24	0.46 mi	-	2	Semi-Detached House
£1,350	03/24	0.46 mi	Hawkinge Walk, Orpington, Kent, BR5 3SB	2	Flat
£1,600	12/24	0.47 mi	Kent Road, Orpington, kent, BR5	2	Flat
£1,600	12/24	0.47 mi	Kent Road, Orpington, BR5	2	Flat
£1,600	12/24	0.47 mi	Kent Road, Orpington, BR5	2	Flat
£1,550	03/25	0.47 mi	-	2	Flat
£2,000	01/25	0.5 mi	-	2	Flat
£1,500	11/24	0.51 mi	-	2	Terraced House
£1,500	11/24	0.51 mi	-	2	Terraced House
£1,750	04/25	0.52 mi	-	2	Flat
£1,750	04/25	0.53 mi	-	2	Flat
£1,700	12/24	0.56 mi	-	2	Bungalow
£1,700	01/24	0.56 mi	-	2	Bungalow
£1,700	03/24	0.56 mi	Barnfield Road, Kent, BR5	2	Flat
£1,650	12/24	0.57 mi	-	2	Terraced House
£1,650	12/24	0.57 mi	-	2	Terraced House
£1,650	03/24	0.57 mi	Cygnet Close, Orpington, BR5	2	Terraced House
£1,600	03/24	0.57 mi	Chelsfield Road Orpington BR5	2	Flat
£1,600	01/24	0.58 mi	-	2	Terraced House
£1,950	11/24	0.58 mi	-	2	Bungalow
£1,950	11/24	0.58 mi	-	2	Bungalow
£1,500	12/24	0.6 mi	Anglesea Road, St Pauls Cray, BR5	2	Flat

Local Area Statistics

Population in BR5	45,92345,923
Population in Orpington	92,06892,068
Town centre distance	2.76 miles away2.76 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	0.33 miles away0.33 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 £200,000

August 20, 2024

Floor Plans

Description

Central Heating & Double Glazing +
Modern Decor In Neutral Tones +
Entry Phone System +
Open Plan Living +
Juliet Balcony +
Chain Free +

GUIDE PRICE £200,000 - £230,000
An opportunity to purchase this two bedroom top floor flat situated in a modern purpose built development. The property is situated conveniently for St Mary Cray Station & Nugent Park Shopping Centre. * CENTRAL HEATING & DOUBLE GLAZING * MODERN DECOR IN NEUTRAL TONES * ENTRY PHONE SYSTEM * OPEN PLAN LIVING * JULIET BALCONY * CHAIN FREE *

Key Terms
Original Lease Term: 125 years from 14/08/2007
Unexpired Lease Term: Approx 108 years
Ground Rent: Approx Included in Service Charge
Next Ground Rent Review: Rent review is annually 2025
Current Service Charge: Approx £157.12 per month

These charges may be subject to reviews and should be verified by your solicitor.

Cray View Close is situated adjacent to the Nugent Park Shopping Centre and also conveniently located for St Mary Cray Station and local bus routes.

Agent Details

Robinson Jackson, Orpington

01689 661630

Next Steps?

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

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