2 Bed Flat, Single Let, BR2 9FN, £255,000

Homesdale Road, Bromley, BR2 9FN - 4 views - 7 months ago

Leasehold
BTL
ROI: 6%
~68 m²
+10 photos

ValuationUndervalued

Sold Prices£154.6K - £446.5K
Sold Prices/m²£3.4K/m² - £7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£3.7K/m²

Value Estimate

£306,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£63,750

Stamp Duty & Legal Fees

£9,100

Total Cash In

£72,850

 

 

Cash Out

 

Rent Range

£1,400 - £3,500

Rent Estimate

£1,475

Running Costs/mo

£1,112

Cashflow/mo

£363

Cashflow/yr

£4,358

ROI

6%

Gross Yield

7%

Local Sold Prices

43 sold prices from £154.6K to £446.5K, average is £310K. £3.4K/m² to £7K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£285K09/210.06 miFlat 27, Gainsborough Court, Homesdale Road, Bromley, Greater London BR2 9NB2
£300K12/210.09 mi55, Woldham Road, Bromley, Greater London BR2 9LA2
£154.6K06/230.19 mi148, Homesdale Road, Bromley, Greater London BR2 9LH2
£275K11/200.19 mi96, Homesdale Road, Bromley, Greater London BR2 9LH2
£310K02/210.19 miFlat 5, Riverside Court, Vincent Close, Bromley, Greater London BR2 9ED2
£305K05/210.26 mi32, Bourne Road, Bromley, Greater London BR2 9NS2
£335K02/210.27 miFlat 23, Hardwick House, Masons Hill, Bromley, Greater London BR2 9GW2
£398.5K01/210.34 mi83, Bromley Common, Bromley, Greater London BR2 9RN2
£301K03/210.34 mi83b, Bromley Common, Bromley, Greater London BR2 9RN2
£325K07/210.36 mi64, Addison Road, Bromley, Greater London BR2 9RR2
£310K08/230.44 mi13b, Page Heath Villas, Bromley, Greater London BR1 2QN2
£350K10/210.52 mi9, Field Close, Bromley, Greater London BR1 2SF2
£375K08/230.54 mi12, Field Close, Bromley, Greater London BR1 2SF2
£315K03/210.57 mi12a, Waverley Close, Bromley, Greater London BR2 9SW2
£446.5K06/230.62 mi52, Beadon Road, Bromley, Greater London BR2 9AT2
£320K08/210.67 mi17, Rushmore Close, Bromley, Greater London BR1 2DJ2
£282.5K02/210.68 miFlat 153, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£290K09/210.68 miFlat 138, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£330K05/230.68 miFlat 146, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£320K01/210.68 mi47, Whitehaven Close, Bromley, Greater London BR2 0YA2
£310K11/220.68 mi12, Whitehaven Close, Bromley, Greater London BR2 0YA2
£295K03/230.68 mi44, Whitehaven Close, Bromley, Greater London BR2 0YA2
£330K07/230.68 mi47c, Ravensbourne Road, Bromley, Greater London BR1 1HW2
£425K02/230.69 mi134b, Widmore Road, Bromley, Greater London BR1 3BP2
£309K06/210.69 miFlat 6, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£295K07/210.69 miFlat 12, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£285K11/200.71 miFlat 3, Crown Court, Victoria Road, Bromley, Greater London BR2 9PR2
£295K10/200.71 miFlat 12, Crown Court, Victoria Road, Bromley, Greater London BR2 9PR2
£335K05/230.72 miFlat 1, Crown Court, Victoria Road, Bromley, Greater London BR2 9PR2
£300K10/210.72 miFlat 121, Elgar Lodge, Fair Acres, Bromley, Greater London BR2 9BP2
£300K08/230.73 miFlat 33, Handel Lodge, Fair Acres, Bromley, Greater London BR2 9BL2
£370K06/210.78 mi13, Madison Gardens, Bromley, Greater London BR2 0SJ2
£310K02/210.81 mi24, Stamford Drive, Bromley, Greater London BR2 0XF2
£300K06/210.84 mi3, Kingsleigh Walk, Bromley, Greater London BR2 0YE2
£310K07/210.87 mi125a, Southborough Lane, Bromley, Greater London BR2 8AP2
£310K09/210.9 mi38, Palace Road, Bromley, Greater London BR1 3JT2
£302.5K03/210.91 mi4, Glassmill Lane, Bromley, Greater London BR2 0EJ2
£370K12/200.92 mi12, Brenchley Close, Bromley, Greater London BR2 9DR2
£442.5K02/230.93 mi28a, Durham Avenue, Bromley, Greater London BR2 0QB2
£264K02/210.93 mi7, Dainton Close, Bromley, Greater London BR1 3JA2
£235K03/210.95 miFlat 23, Newman Court, North Street, Bromley, Greater London BR1 1BQ2
£375K03/210.96 miFlat 1, St James Court, Edison Road, Bromley, Greater London BR2 0EZ2
£340K09/230.98 mi218, Southborough Lane, Bromley, Greater London BR2 8AH2

Local Rents

51 rents from £1.4K/mo to £3.5K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,85002/250.01 mi-2
£1,70004/240.02 miAzzura House, 8 Homesdale Road, Bromley2
£1,90012/240.04 mi-2
£1,77502/240.04 mi-2
£1,77503/240.04 mi-2
£1,75002/240.04 mi-2
£1,57503/240.08 miHomesdale Road, Bromley, BR2 9LD2
£1,65002/240.1 mi-2
£2,20012/240.15 miDevonshire Square, Bromley, BR22
£2,20012/240.15 miDevonshire Square, Bromley, BR22
£1,65004/240.15 miGlanville Road, Bromley, BR2 9LW2
£1,75003/240.15 miGundulph Road, Bromley, BR22
£1,65003/240.2 miMasons Hill Bromley BR22
£1,85004/240.2 miHavelock Road, Bromley, BR22
£3,50003/250.2 mi-2
£1,70004/250.2 mi-2
£1,70004/240.27 miMasons Hill Bromley BR22
£1,55003/240.27 miWaldo Road, Bromley, Kent, BR12
£2,24912/240.27 mi-2
£1,75003/240.27 miAxiom Apartments, 42 Sparkes Close, Bromley, Kent, BR22
£1,95004/240.28 mi22 Axiom Apartments.2
£1,65003/240.29 miExchange Apartments, 41 Sparkes Close, Bromley, BR22
£1,56504/240.32 miLangdon Road, Bromley, Kent, BR2 9JS2
£1,95012/240.33 mi-2
£1,98503/240.33 miSparkes Close, Bromley, BR2 9GE2
£2,50002/250.33 mi-2
£1,90004/240.33 miWheeler Place, Bromley, BR22
£1,65001/250.34 mi-2
£1,80003/250.36 mi-2
£1,75004/240.38 miNapoleon House, Bromley, BR12
£1,75004/240.38 mi-2
£1,45003/240.39 miChatterton Road, Bromley, BR22
£1,50003/240.39 miHomesdale Road, Bromley, BR12
£1,40003/240.39 miHomesdale Road, Bromley, BR12
£1,65003/240.4 miHomesdale Road, Bromley2
£1,79503/240.41 miLiddon Road, Bromley, BR12
£2,00003/240.42 miHomesdale Road BR12
£2,00003/240.42 miHomesdale Road BR12
£1,75003/240.43 miUpper Floor, Pinewood Road, Bromley, BR22
£1,85003/240.44 miSt. Marks Road Bromley BR22
£1,85003/240.44 miSt. Marks Road Bromley BR22
£1,90004/240.44 miSt. Marks Road Bromley BR22
£1,90004/240.44 miSt. Marks Road Bromley BR22
£2,35004/240.44 miSt. Marks Road Bromley BR22
£1,90004/240.44 miSandford Road Bromley BR22
£1,55004/240.44 miSandford Road, Bromley, BR22
£1,70004/240.44 miCanon Road Bromley BR12
£2,00003/250.46 mi-2
£1,55012/240.46 mi-2
£1,80003/240.48 mi-2
£1,80003/240.48 miFarrier Close, Bromley/Bckley, BR12

Local Area Statistics

Population in BR2

44,903

Nearest school

0.20 miles away

Nearest train station

0.51 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £255,000

September 9, 2024

Floor Plans

Description

Located within a modern purpose built development, a short walk from Bromley South Station, is this well-proportioned two double bedroom, second floor apartment.

The property briefly comprises; large entrance hall, modern family bathroom, two double bedrooms, large open plan reception and modern kitchen with integrated appliances and access to South Westerly facing balcony.

Bromley’s vibrant town centre is within walking distance with an array of shops, restaurants, bars and the new St Mark’s Square development which offers a nine screen multi-plex cinema and stunning landscaped square and restaurants.

Local Authority: Bromley
Council Tax Band: E

Agent Details

Alan de Maid, Bromley

020 3872 5250

Next Steps?

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