4 Bed Detached House, Refurb/BRRR, BR2 8PN, £875,000

Gravel Road, Bromley, BR2 8PN - 3 views - 7 months ago

Sold STC
Refurb/BRRR
Planning
~129 m²
+14 photos

ValuationOvervalued

Sold Prices£490K - £1.6M
Sold Prices/m²£4K/m² - £11.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£6.8K/m²

Value Estimate

£664,076

 

 

End Value (After Refurb)

£808,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£218,750

Stamp Duty & Legal Fees

£58,700

Refurb Costs

£68,719

Bridging Loan Interest

£22,969

Total Cash In

£370,888

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£808,750

Mortgage (After Refinance)

£606,563

Mortgage LTV

75%

Cash Left In

£370,888

Equity

£202,188

Rent Range

£700 - £6,500

Rent Estimate

£2,981

Running Costs/mo

£3,144

Cashflow/mo

£-163

Cashflow/yr

£-1,951

Gross Yield

4%

Local Sold Prices

38 sold prices from £490K to £1.6M, average is £755K. £4K/m² to £11.5K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£955K10/210.08 mi70, Gravel Road, Bromley, Greater London BR2 8PN4
£1.0M08/210.12 mi42, Barnet Drive, Bromley, Greater London BR2 8PQ4
£805K12/200.15 mi35, Barnet Drive, Bromley, Greater London BR2 8PG4
£1.0M09/230.18 mi2, Gravel Road, Bromley, Greater London BR2 8PF4
£490K03/210.22 mi20, Cherry Orchard Road, Bromley, Greater London BR2 8NE4
£645K01/210.24 mi38, Oakley Drive, Bromley, Greater London BR2 8PP4
£810K10/200.24 mi2, Oakley Drive, Bromley, Greater London BR2 8PP4
£500K06/210.26 mi4, Knowle Road, Bromley, Greater London BR2 8NG4
£750K12/200.31 mi10, Cheyne Close, Bromley, Greater London BR2 8QA4
£870K01/230.31 mi10, Rowan Walk, Bromley, Greater London BR2 8QN4
£560K01/210.33 mi66, Copthorne Avenue, Bromley, Greater London BR2 8NN4
£858.5K03/230.33 mi57, Rowan Walk, Bromley, Greater London BR2 8QW4
£840K12/200.34 mi31, Croydon Road, Keston, Greater London BR2 6EH4
£615K11/220.38 mi87, Croydon Road, Keston, Greater London BR2 8HU4
£680K06/210.46 mi7, Phoenix Drive, Keston, Greater London BR2 8HS4
£635K01/230.47 mi138, Jackson Road, Bromley, Greater London BR2 8NX4
£680K12/200.47 mi43, The Dale, Keston, Greater London BR2 6HW4
£600K06/210.49 mi88, Lower Gravel Road, Bromley, Greater London BR2 8LJ4
£645K10/200.53 mi8, Seymour Drive, Bromley, Greater London BR2 8RE4
£570K11/200.53 mi11, Seymour Drive, Bromley, Greater London BR2 8RE4
£680K10/210.54 mi2, Aragon Close, Bromley, Greater London BR2 8RA4
£900K03/230.54 miPari, Westerham Road, Keston, Greater London BR2 6HH4
£820K05/210.57 mi40, Randolph Road, Bromley, Greater London BR2 8PU4
£1.6M03/210.61 mi29, The Glen, Orpington, Greater London BR6 8LP4
£1.3M02/230.62 mi14, Hassock Wood, Keston, Greater London BR2 6HX4
£1.5M06/210.8 mi17, Ninhams Wood, Orpington, Greater London BR6 8NJ4
£730K02/210.8 mi17, Keston Gardens, Keston, Greater London BR2 6BL4
£945K04/230.8 mi26, Keston Gardens, Keston, Greater London BR2 6BL4
£760K12/220.82 mi8, Munnery Way, Orpington, Greater London BR6 8QD4
£580K07/230.87 mi65, Baston Road, Bromley, Greater London BR2 7BS4
£660K01/210.87 mi4, Windmill Drive, Keston, Greater London BR2 6BT4
£558.8K05/210.89 mi1b, Lakes Road, Keston, Greater London BR2 6BN4
£875K04/210.89 mi4, The Birches, Orpington, Greater London BR6 8NH4
£825K03/210.91 miHolmbury, Keston Avenue, Keston, Greater London BR2 6BH4
£675K11/210.94 mi52, Wellbrook Road, Orpington, Greater London BR6 7AB4
£575K05/210.96 mi13, Lescot Place, Bromley, Greater London BR2 9TW4
£1.4M09/230.97 mi42, Baston Road, Bromley, Greater London BR2 7BE4
£815K10/200.99 mi236, Crofton Road, Orpington, Greater London BR6 8JQ4

Local Rents

19 rents from £700/mo to £6.5K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,36912/240.09 mi-3
£2,40012/240.11 miBriar Wood Close Bromley BR23
£2,40003/250.13 mi-3
£70002/240.27 mi-5
£2,20004/240.36 miJackson Road, Bromley, BR23
£2,20012/240.36 mi-3
£2,25004/240.44 miCapel Close Bromley BR23
£2,90003/240.45 miDaerwood Close Bromley BR24
£2,65003/240.45 miCredenhall Drive Bromley BR24
£2,65004/240.45 miCredenhall Drive Bromley BR24
£2,80003/250.46 mi-5
£2,15002/240.46 mi-3
£1,90003/240.47 miBrewery Road, Bromley, BR23
£1,65003/240.51 miBarham Court, Church Lane, Bromley3
£1,65004/240.51 miBarham Court, Church Lane, Bromley3
£6,50012/240.55 miRobins, Elm Walk, Kent, BR65
£6,50003/240.55 miElm Walk, Farnborough Park, Orpington, Kent, BR65
£6,50012/240.55 miElm Walk, Farnborough Park, Orpington, Kent, BR65
£2,90003/240.61 miFishers Wood Grove Bromley BR23

Local Area Statistics

Population in BR2

44,903

Nearest school

0.30 miles away

Nearest train station

1.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £875,000

September 5, 2024

Floor Plans

Description

* CHAIN FREE ** This Grade II listed period property, nestled in a picturesque setting, offers a unique opportunity to embrace history while adding your modern touch. The house boasts historic architecture with an array of original features, telling the story of a bygone era, including high ceilings, sash windows, stunning staircases and intricate detailing throughout.

Inside, you'll find four generously sized double bedrooms, each reflecting the period character of the home. However, this property also presents a distinct opportunity for modernisation, thanks to its spacious plot, large garden and side plot, subject to planning permission laws and listed building planning laws.

Recent roof replacement provides peace of mind and a grand bathroom on the first floor awaits your modern vision, with potential for contemporary fixtures and finishes.

Outside, the mature gardens create a serene outdoor space for your personal touch, perfect for entertaining or relaxation. There is a large shed for storage to the rear. The large frontage adds to the property's grandeur and offers potential ample off-road parking.

The three reception rooms and a well-appointed kitchen, with access to the garden, provide a versatile layout suitable for modern living and entertaining.

Being Grade II listed, this home is not only protected but also celebrated for its historic significance, ensuring its unique character is preserved for generations to come.

Located just a short distance from Bromley and Locksbottom, this property allows you to live in a piece of history while enjoying the convenience of nearby amenities. Additionally, the surrounding area is known for its natural beauty, with Keston Ponds just moments away.

This Grade II listed period property offers a rare combination of history, character, and the potential for modernization. Whether you are seeking to embrace the charm of the past while adding contemporary elements or exploring development possibilities, this property provides endless opportunities for its fortunate owner.

Local Authority: Bromley
Council Tax Band: G

Agent Details

Alan de Maid, Locksbottom

01689 661649

Next Steps?

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

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