2 Bed Flat, Single Let, Orpington, BR5 1DG, £267,000

113a Queensway, Petts Wood, Orpington, Kent, BR5 1DG - 8 months ago

Sold STC
Leasehold
BTL
ROI: 5%
~72 m²
+8 photos

ValuationUndervalued

Sold Prices£265K - £677K
Sold Prices/m²£4K/m² - £7.8K/m²

 

 

Square Metres

~71.90 m²
Price/m²£3.7K/m²

Value Estimate

£328,410
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£66,750

Stamp Duty & Legal Fees

£15,400

Total Cash In

£82,150

 

 

Cash Out

 

Rent Range

£1,400 - £1,800

Rent Estimate

£1,500

Running Costs/mo

£1,154

Cashflow/mo

£346

Cashflow/yr

£4,148

ROI

5%

Gross Yield

7%

Local Sold Prices

21 sold prices from £265K to £677K, average is £310K. £4K/m² to £7.8K/m², average is £6.6K/m².

PriceDateDistanceAddressBeds 
£325K11/220.1 miFlat 8, Cuxton, Crest View Drive, Petts Wood, Orpington, Greater London BR5 1BU2
£380K09/210.15 mi198c, Petts Wood Road, Petts Wood, Orpington, Greater London BR5 1LG2
£265K11/200.17 mi24, Chatsworth Parade, Petts Wood, Orpington, Greater London BR5 1DE2
£310K03/210.24 mi43, Transmere Close, Petts Wood, Orpington, Greater London BR5 1DX2
£313.5K03/210.3 mi3, Transmere Road, Petts Wood, Orpington, Greater London BR5 1DT2
£302K12/200.31 mi15, Kenilworth Road, Petts Wood, Orpington, Greater London BR5 1DY2
£270K05/230.31 mi5, Kenilworth Road, Petts Wood, Orpington, Greater London BR5 1DY2
£297K04/230.31 mi5a, Kenilworth Road, Petts Wood, Orpington, Greater London BR5 1DY2
£320K10/220.33 mi5a, Transmere Road, Petts Wood, Orpington, Greater London BR5 1DT2
£315K02/230.36 mi59a, Shepperton Road, Petts Wood, Orpington, Greater London BR5 1DL2
£307.5K01/230.37 mi18, Shepperton Road, Petts Wood, Orpington, Greater London BR5 1DN2
£298K08/210.37 mi36, Shepperton Road, Petts Wood, Orpington, Greater London BR5 1DN2
£276K03/210.38 mi59a, Shepperton Road, Petts Wood, Orpington, Greater London BR5 1DL2
£310K01/210.42 mi21a, Eynsford Close, Petts Wood, Orpington, Greater London BR5 1DP2
£677K05/210.46 mi12, St Georges Road, Petts Wood, Orpington, Greater London BR5 1JD2
£312.5K11/200.51 mi70, Prescott Avenue, Petts Wood, Orpington, Greater London BR5 1AF2
£347.5K09/210.51 mi30, Prescott Avenue, Petts Wood, Orpington, Greater London BR5 1AF2
£340K10/220.54 mi68, Prescott Avenue, Petts Wood, Orpington, Greater London BR5 1AF2
£270K09/210.73 mi58, Ash Row, Bromley, Greater London BR2 8DY2
£282.5K03/210.86 mi12, Marlborough Close, Orpington, Greater London BR6 0TY2
£330K05/210.91 mi34, Tandridge Drive, Orpington, Greater London BR6 8BZ2

Local Rents

14 rents from £1.4K/mo to £1.8K/mo, average is £1.6K/mo.

RentDateDistanceAddressBeds 
£1,60003/240.07 miPress House, Crest View Drive, Petts Wood, BR52
£1,40012/240.09 miStation Square, Petts Wood2
£1,75012/240.12 miStation Square, Petts Wood, Orpington, BR52
£1,80004/240.12 miStation Square, Petts Wood, Orpington, BR52
£1,65003/240.25 miTransmere Close, Petts Wood2
£1,60012/240.25 miTransmere Close, Petts Wood2
£1,50003/240.3 miKenilworth Road, Petts Wood, Kent, BR52
£1,50001/250.31 mi-2
£1,65012/240.34 miShepperton Road, Petts Wood, Orpington, BR52
£1,55002/240.35 mi-2
£1,50012/240.39 miShepperton Road, Petts Wood, Kent2
£1,65003/240.39 miOxhawth Crescent Bromley BR22
£1,60012/240.41 miShepperton Road, Petts Wood2
£1,80004/250.61 mi-2

Local Area Statistics

Population in BR5

45,923

Population in Orpington

92,068

Town centre distance

2.62 miles away

Nearest school

0.30 miles away

Nearest train station

0.09 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Balanced market

Capital growth (5yrs)

+14%

Property History

Price changed to £267,000

December 19, 2024

Listed for £280,000

August 22, 2024

Floor Plans

Description

  • Investment Opportunity +
  • 1930s Purpose Built +
  • First Floor Flat +
  • Two Double Bedrooms +
  • Private Parking Bay +
  • Double Glazed Windows +
  • Own Front Door +
  • Gas Central Heating +
  • Perfect For All Transport +
  • Chain Free Property +

The ideal buy-to-let investment property or starter home, with no set monthly service charge. Located in the heart of Petts Wood town centre, this exceptionally spacious first floor apartment is situated just a few minutes' walk away from Petts Wood mainline station, comprehensive shopping amenities on your doorstep, larger supermarkets nearby, Station Square and high street for delis and restaurants, plus excellent transport links serving Bromley and Orpington communities. The property comprises two double bedrooms, a large reception room to front elevation, generous kitchen, bathroom and spacious hall landing. You have your own front door at ground floor level an inner porch and then a staircase leading to the very spacious hall landing. There is also a private rear door and stairwell from the kitchen leading to an allocated parking space. Benefits to note include an unexpired lease term of 108 years, gas central heating by combination boiler and contemporary white kitchen with appliances to remain. Ideal for the busy London commuter looking for fast and frequent rail services to five mainline London stations, Canary Wharf (via Lewisham) and Thameslink service (via Bromley South). To fully appreciate the space on offer, interior viewing comes highly recommended. Exclusive to PROCTORS.

Agent Details

Proctors, Petts Wood

01689 661653

Next Steps?

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