2 Bed Flat, Single Let, Bromley, BR1 5PN, £270,000

Ravenscar Road, Bromley, BR1 5PN - 2 views - 7 months ago

Sold STC

Leasehold

BTL

ROI: 5%

~66 m²

+11 photos

ValuationUndervalued

Sold Prices	£180K - £425K
Sold Prices/m²	£3.9K/m² - £6.6K/m²

Square Metres	~65.87 m²
Price/m²	£4.1K/m²
Value Estimate	£327,649£327,649
BMV	21%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£67,500£67,500
Stamp Duty & Legal Fees	£18,200£18,200
Total Cash In	£85,700£85,700

Cash Out
Rent Range	£1,500 - £2,000£1,500 - £2,000
Rent Estimate	£1,500
Running Costs/mo	£1,164£1,164
Cashflow/mo	£336£336
Cashflow/yr	£4,035£4,035
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

25 sold prices from £180K to £425K, average is £275K. £3.9K/m² to £6.6K/m², average is £5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£275K	03/23	0.46 mi	277, Downham Way, Bromley, Greater London BR1 5EN	£5,189	53	2	Flat
£250K	11/20	0.47 mi	106, Evans Road, London, Greater London SE6 1QQ	£3,906	64	2	Flat
£320K	10/21	0.59 mi	212, Southover, Bromley, Greater London BR1 4SE	£3,902	82	2	Flat
£356.5K	08/21	0.68 mi	37a, Hazelbank Road, Catford, London, Greater London SE6 1LN	£6,147	58	2	Flat
£425K	12/20	0.68 mi	81a, Birkhall Road, London, Greater London SE6 1TD	£6,641	64	2	Flat
£285K	12/23	0.73 mi	51b, Ardoch Road, London, Greater London SE6 1SN	£5,278	54	2	Flat
£247.5K	12/20	0.74 mi	Flat 9, Whitchurch House, Bromley Road, Catford, London, Greater London SE6 2TE	-	-	2	Flat
£235K	07/23	0.75 mi	179b, Broadfield Road, London, Greater London SE6 1TJ	£4,452	53	2	Flat
£372K	10/21	0.76 mi	210a, Wellmeadow Road, Catford, London, Greater London SE6 1HS	-	-	2	Flat
£180K	08/23	0.82 mi	7, Brook Lane, Bromley, Greater London BR1 4PU	-	-	2	Flat
£265K	01/23	0.82 mi	89, Dunfield Road, London, Greater London SE6 3RG	£4,015	66	2	Flat
£225K	02/23	0.84 mi	Flat 16, Rothesay Court, Cumberland Place, London, Greater London SE6 1NB	-	-	2	Flat
£257.5K	03/23	0.87 mi	Flat 17, Montrose Court, Cumberland Place, London, Greater London SE6 1NA	-	-	2	Flat
£270K	12/22	0.88 mi	287, Brookehowse Road, London, Greater London SE6 3TS	-	-	2	Flat
£245K	10/23	0.91 mi	Flat 12, Hamilton Court, Cumberland Place, London, Greater London SE6 1LY	-	-	2	Flat
£350K	01/21	0.92 mi	9a, Callander Road, London, Greater London SE6 2QA	£5,738	61	2	Flat
£335K	07/21	0.92 mi	13, Callander Road, London, Greater London SE6 2QA	£5,403	62	2	Flat
£250K	10/21	0.93 mi	30, Wydeville Manor Road, London, Greater London SE12 0EW	£4,545	55	2	Flat
£295K	07/23	0.94 mi	14, Chinbrook Crescent, London, Greater London SE12 9TJ	£5,545	53	2	Flat
£325.3K	03/23	0.96 mi	98a, London Road, Bromley, Greater London BR1 3RL	£5,514	59	2	Flat
£286K	03/23	0.96 mi	Flat 17, Sundridge House, Burnt Ash Lane, Bromley, Greater London BR1 5AE	-	-	2	Flat
£260K	05/21	0.97 mi	18, Hope Close, London, Greater London SE12 0BW	£4,974	52	2	Flat
£275K	06/21	0.97 mi	33, Hope Close, London, Greater London SE12 0BW	£4,909	56	2	Flat
£255K	09/21	0.97 mi	11, Dilhorne Close, London, Greater London SE12 0BL	£3,864	66	2	Flat
£278K	12/20	1 mi	57, Sandstone Road, London, Greater London SE12 0UR	£4,088	68	2	Flat

Local Rents

38 rents from £1.5K/mo to £2K/mo, average is £1.8K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,680	04/25	0.08 mi	-	2	Terraced House
£1,600	03/24	0.09 mi	Downderry Road Bromley BR1	2	House
£1,750	03/24	0.1 mi	Oakridge Road, Bromley, London, BR1	2	Terraced House
£1,950	04/25	0.26 mi	-	2	Terraced House
£1,650	03/24	0.27 mi	Sissinghurst Close Bromley BR1	2	Flat
£1,600	03/24	0.29 mi	Nesbitt House, Bromley	2	Flat
£1,750	12/24	0.3 mi	-	2	Flat
£1,685	03/24	0.34 mi	-	2	Semi-Detached House
£1,750	03/24	0.34 mi	-	2	Terraced House
£1,950	04/25	0.36 mi	-	2	Terraced House
£1,700	03/24	0.37 mi	Capstone Road, Bromley, Kent	2	Terraced House
£1,600	08/24	0.4 mi	-	2	Flat
£1,700	12/24	0.4 mi	-	2	Terraced House
£1,750	08/24	0.41 mi	Gilton Road, London SE9	2	Flat
£1,868	02/25	0.41 mi	-	2	Flat
£2,000	02/24	0.43 mi	-	2	Flat
£1,868	02/25	0.43 mi	-	2	Flat
£1,968	04/25	0.43 mi	-	2	Flat
£1,800	12/24	0.44 mi	-	2	Terraced House
£1,500	03/24	0.46 mi	Downham Way, Bromley, BR1	2	Flat
£1,700	04/24	0.46 mi	Downham Way, Bromley, BR1	2	Flat
£1,500	03/24	0.46 mi	-	2	Flat
£1,650	12/24	0.47 mi	-	2	Terraced House
£1,775	12/24	0.48 mi	-	2	Terraced House
£1,875	12/24	0.48 mi	-	2	Terraced House
£1,950	03/24	0.49 mi	Glenbow Road, Bromley	2	Flat
£1,900	03/24	0.5 mi	-	2	Terraced House
£2,000	01/25	0.5 mi	-	2	Terraced House
£2,000	03/24	0.5 mi	Northover, Bromley, BR1	2	Terraced House
£1,950	12/24	0.5 mi	-	2	Terraced House
£1,700	12/24	0.52 mi	-	2	Terraced House
£1,700	03/25	0.53 mi	-	2	Terraced House
£1,600	04/24	0.55 mi	-	2	Flat
£1,600	03/24	0.55 mi	Downham Way, Bromley, BR1	2	Flat
£1,750	08/24	0.55 mi	Boundfield Road London SE6	2	Flat
£1,900	12/24	0.55 mi	-	2	Terraced House
£1,550	03/24	0.61 mi	Bromley Hill, Bromley, London, BR1	2	Flat
£1,500	03/24	0.62 mi	-	2	Flat

Local Area Statistics

Population in BR1	55,93155,931
Population in Bromley	55,94755,947
Town centre distance	2.12 miles away2.12 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.78 miles away0.78 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+7%+7%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+17%+17%

Property History

Price changed to £270,000

January 19, 2025

Listed for £280,000

September 16, 2024

Floor Plans

Description

A well-presented two bedroom, first floor apartment.

This property offers a modern accommodation throughout including a lovely spacious living room, kitchen, small balcony view, family bathroom and also providing a private rear garden with a large shed for extra space.

The property sits within one mile of three mainline train stations, Grove Park, Beckenham Hill and Bellingham, all with direct links into Central London.

A few minutes’ walk away is a high street offering a selection of shops, supermarkets, restaurants, fast food outlets and various bus routes completing the line-up of amenities

Local Authority: Bromley
Council Tax Band: B

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 💪

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2 Bed Flat, Single Let, Bromley, BR1 5PN, £270,000

ValuationUndervalued

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Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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