3 Bed Flat, Single Let, Bromley, BR1 2RS, £350,000

81 Tylney Road, Bromley, Greater London, BR1 2RS - 13 views - 8 months ago

Sold STC
Leasehold
BTL
ROI: 4%
62 m²
+9 photos

ValuationOvervalued

Sold Prices£225K - £838K
Sold Prices/m²£2.4K/m² - £6.8K/m²

 

 

Square Metres

62 m²
Price/m²£5.6K/m²

Value Estimate

£260,356

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Rent Range

£1,350 - £3,300

Rent Estimate

£1,825

Running Costs/mo

£1,479

Cashflow/mo

£346

Cashflow/yr

£4,155

ROI

4%

Gross Yield

6%

Local Sold Prices

26 sold prices from £225K to £838K, average is £355K. £2.4K/m² to £6.8K/m², average is £4.2K/m².

PriceDateDistanceAddressBeds 
£285K03/230.07 mi47, Tylney Road, Bromley, Greater London BR1 2RJ3
£435K10/210.2 mi11a, Page Heath Lane, Bromley, Greater London BR1 2DR3
£410K05/210.23 mi6, Field Close, Bromley, Greater London BR1 2SF3
£450K03/230.51 miFlat 1, Englefield, Woodlands Road, Bromley, Greater London BR1 2AH3
£425K01/210.57 mi33, Stanley Road, Bromley, Greater London BR2 9JH3
£440K11/200.69 miFlat 20, Hardwick House, Masons Hill, Bromley, Greater London BR2 9GW3
£335K06/210.7 mi71, Heron Court, Bromley, Greater London BR2 9LR3
£642.5K02/230.76 mi9a, Park Hill, Bromley, Greater London BR1 2JH3
£375K01/230.98 mi2, College Road, Bromley, Greater London BR1 3NS3
£285K02/211.03 mi36, Crown Lane, Bromley, Greater London BR2 9PQ3
£450K07/231.11 miFlat 3, Weymouth House, Hill House Mews, Bromley, Greater London BR2 0DD3
£360K06/231.13 mi26b, London Road, Bromley, Greater London BR1 3QR3
£532K09/221.16 miFlat 1, Morland House, Susan Wood, Chislehurst, Greater London BR7 5NG3
£350K09/231.17 mi60, Blyth Road, Bromley, Greater London BR1 3RU3
£838K12/221.18 mi4, Bonchester Close, Chislehurst, Greater London BR7 5HS3
£300K08/211.2 mi8, Weston Grove, Bromley, Greater London BR1 3RJ3
£340K12/201.24 mi38, Saxon Road, Bromley, Greater London BR1 3RP3
£225K02/211.26 mi30a, Letchworth Drive, Bromley, Greater London BR2 9BE3
£300K03/211.3 mi109, Turpington Lane, Bromley, Greater London BR2 8JD3
£325K12/221.33 mi56a, Martins Road, Bromley, Greater London BR2 0EF3
£314K09/231.34 mi58a, Martins Road, Bromley, Greater London BR2 0EF3
£315K03/211.41 mi196, Magpie Hall Lane, Bromley, Greater London BR2 8JE3
£270K03/211.43 mi17, Cobham Close, Bromley, Greater London BR2 8JW3
£340K11/211.6 miFlat 3, Laurel House, Bromley Road, Shortlands, Bromley, Greater London BR2 0AH3
£830K02/211.8 miFlat 1, Mead House, Heathfield Lane, Chislehurst, Greater London BR7 6AH3
£390K03/231.91 miFlat 5, The Chestnuts, St Pauls Cray Road, Chislehurst, Greater London BR7 6QD3

Local Rents

20 rents from £1.4K/mo to £3.3K/mo, average is £2.2K/mo.

RentDateDistanceAddressBeds 
£2,40003/250.18 mi-3
£2,30002/240.22 mi-3
£2,40004/250.22 mi-3
£2,38004/250.22 mi-3
£2,07503/240.22 miEllen Close, Bromley, BR13
£1,85003/240.33 miPlaistow Lane, Bromley3
£2,30003/240.39 miWalwyn Avenue, Bromley, BR13
£2,40003/240.39 miWalwyn Avenue, Bromley, BR13
£2,40003/240.39 mi-3
£2,40004/240.41 miPalace View, Bromley BR23
£2,00003/240.44 miSouthlands Grove, Bickley, BR13
£2,00004/240.46 miSouthlands Grove, Bickley, Kent, BR13
£2,25003/240.51 miBickley Crescent, Bromley, BR13
£2,20012/240.58 mi-3
£2,20012/240.58 mi-3
£1,95004/240.58 miWidmore Road, Bromley BR13
£2,20003/250.6 mi-3
£1,35004/240.61 miSouthlands Road, Bromley3
£3,30004/250.61 mi-3
£1,75003/240.61 miDainton Close, Bromley, BR13

Local Area Statistics

Population in BR1

55,931

Population in Bromley

55,947

Town centre distance

0.45 miles away

Nearest school

0.30 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £350,000

August 28, 2024

Sold for £59,000

1999

Sold for £43,000

1995

Floor Plans

Description

  • Modern kitchen and bathroom +
  • Balcony +
  • Three bedrooms +
  • Refurbished to a high standard. +
  • Top floor purpose built flat +
  • Close to well regarded local schools +
  • Short walk to Bromley town centre and stations +
  • Light and modern interior design +
  • Ideal letting investment or first time buy +

Situated on the top floor of this well maintained development we are pleased to offer for sale this three double bedroom flat that has been beautifully refurbished in recent years to a high standard. The property is a short walk from Bromley town centre with its host of shops and stations and is also walking distance to some well regarded schools including Bickley Primary School and Bullers Wood. The living accommodation is particularly light and boasts a superb modern kitchen with a range of fitted appliances and a well appointed modern bathroom and in our opinion it would ideally suit a young couple or small growing family. The owners have extended the lease to 125 years and the ongoing maintenance is very reasonable so early attention to view is strongly advised and is strictly vis the vendors sole selling agents.

Agent Details

Coady Phillips, Bromley

020 3869 0439

Next Steps?

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