3 Bed Flat, Single Let, Bromley, BR1 3QZ, £375,000

78A London Road, Bromley, Greater London, BR1 3QZ - 4 views - 6 months ago

Sold STC
Leasehold
BTL
ROI: 2%
80 m²
+15 photos

ValuationOvervalued

Sold Prices£225K - £800K
Sold Prices/m²£2.4K/m² - £5.5K/m²

 

 

Square Metres

80 m²
Price/m²£4.7K/m²

Value Estimate

£347,735

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£112,450

 

 

Cash Out

 

Rent Range

£1,650 - £2,500

Rent Estimate

£1,744

Running Costs/mo

£1,541

Cashflow/mo

£203

Cashflow/yr

£2,440

ROI

2%

Gross Yield

6%

Local Sold Prices

30 sold prices from £225K to £800K, average is £355K. £2.4K/m² to £5.5K/m², average is £4.3K/m².

PriceDateDistanceAddressBeds 
£300K08/210.07 mi8, Weston Grove, Bromley, Greater London BR1 3RJ3
£360K06/230.18 mi26b, London Road, Bromley, Greater London BR1 3QR3
£340K12/200.19 mi38, Saxon Road, Bromley, Greater London BR1 3RP3
£350K09/230.27 mi60, Blyth Road, Bromley, Greater London BR1 3RU3
£375K01/230.29 mi2, College Road, Bromley, Greater London BR1 3NS3
£450K07/230.35 miFlat 3, Weymouth House, Hill House Mews, Bromley, Greater London BR2 0DD3
£325K12/220.47 mi56a, Martins Road, Bromley, Greater London BR2 0EF3
£314K09/230.47 mi58a, Martins Road, Bromley, Greater London BR2 0EF3
£340K11/210.55 miFlat 3, Laurel House, Bromley Road, Shortlands, Bromley, Greater London BR2 0AH3
£572.5K02/231.02 miFlat 4, Park View House, Westgate Road, Beckenham, Greater London BR3 5DF3
£410K05/211.05 mi6, Field Close, Bromley, Greater London BR1 2SF3
£302K08/231.07 miFlat 15, Wandle House, Brangbourne Road, Bromley, Greater London BR1 4LY3
£440K11/201.11 miFlat 20, Hardwick House, Masons Hill, Bromley, Greater London BR2 9GW3
£550K02/231.24 miFlat 1, Wonham Court, The Knoll, Beckenham, Greater London BR3 5JR3
£285K03/231.24 mi47, Tylney Road, Bromley, Greater London BR1 2RJ3
£425K01/211.25 mi33, Stanley Road, Bromley, Greater London BR2 9JH3
£625K06/211.36 miFlat 5, Foxgrove House, Foxgrove Road, Beckenham, Greater London BR3 5AR3
£435K10/211.45 mi11a, Page Heath Lane, Bromley, Greater London BR1 2DR3
£800K09/211.47 miFlat 6, Aaron Court, Kelsey Park Avenue, Beckenham, Greater London BR3 6UN3
£766.3K02/211.47 miFlat 3, Aaron Court, Kelsey Park Avenue, Beckenham, Greater London BR3 6UN3
£225K02/211.48 mi30a, Letchworth Drive, Bromley, Greater London BR2 9BE3
£335K06/211.52 mi71, Heron Court, Bromley, Greater London BR2 9LR3
£280K12/201.57 mi16, Hackington Crescent, Beckenham, Greater London BR3 1RZ3
£450K03/231.74 miFlat 1, Englefield, Woodlands Road, Bromley, Greater London BR1 2AH3
£315K03/211.76 mi8a, Somertrees Avenue, London, Greater London SE12 0BX3
£302.5K11/211.78 miFlat 98, Passfields, Bromley Road, London, Greater London SE6 2RF3
£710K06/211.79 miFlat 1, Gallery House, Copers Cope Road, Beckenham, Greater London BR3 1DQ3
£315K03/211.8 mi102, Grove Park Road, Mottingham, London, Greater London SE9 4QB3
£400K05/211.83 mi10, Rectory Green, Beckenham, Greater London BR3 4HX3
£315K04/231.94 mi1, Elfrida Crescent, London, Greater London SE6 3EP3

Local Rents

31 rents from £1.6K/mo to £2.5K/mo, average is £2K/mo.

RentDateDistanceAddressBeds 
£1,99003/240.05 miCawston Court, Bromley, BR13
£1,99004/240.05 mi-3
£1,65012/240.08 mi-3
£1,90001/250.09 mi-3
£2,10004/240.1 miHeathfield Road, Bromley, BR13
£2,00003/240.1 miPark End, Bromley, BR13
£2,00002/240.12 mi-3
£2,20002/250.14 mi-3
£1,70003/240.18 miLondon Road Bromley BR13
£2,10003/240.18 miOaklands Road, Bromley, BR13
£2,00004/240.19 miMorgan Road Bromley BR13
£1,99904/240.22 miMorgan Road, Bromley, BR13
£2,35002/250.23 mi-3
£2,20002/250.24 mi-3
£2,50003/250.24 mi-3
£1,80004/240.28 miOaklands Road, Bromley, BR13
£2,30003/240.33 miCambridge Road Bromley BR13
£1,85003/240.38 miNorth Street, Bromley, BR13
£2,10004/240.43 miRecreation Road, Bromley, Kent, BR23
£2,35003/240.45 miLansdowne Road Bromley BR13
£1,80012/240.47 mi-3
£1,97503/240.47 miEast Street, Bromley, BR13
£2,45012/240.48 mi-3
£1,95003/240.5 miPlaistow Grove, BROMLEY, BR13
£1,85004/240.54 miStation Road, Shortlands, Bromley,BR23
£1,85003/240.54 miPalace Road, Bromley, Kent, BR1 3JX3
£2,20003/240.55 miHillbrow Road, Bromley, BR13
£2,20004/240.55 miThe Glen, Shortlands, Bromley, BR23
£2,10012/240.56 mi-3
£1,75003/240.57 miPark Road, Bromley, BR13
£2,10004/240.61 miBromley Gardens, Bromley3

Local Area Statistics

Population in BR1

55,931

Population in Bromley

55,947

Town centre distance

1.03 miles away

Nearest school

0.40 miles away

Nearest train station

0.43 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £375,000

October 9, 2024

Sold for £340,000

2020

Sold for £284,995

2014

Sold for £220,000

2008

Sold for £220,000

2008

Sold for £170,000

2006

Sold for £145,000

2003

Sold for £73,400

1999

Floor Plans

Description

GUIDE PRICE £375,000 - £400,000

Refurbished to a very high standard is this stunning three double bedroom apartment situated on the second floor of this popular purpose built development, and within walking distance to the heart of Bromley.

The property comprises entrance hall, with original parquet flooring, and now commands a contemporary feel throughout. There is a large open plan living/dining area, with access to the kitchen, both rooms have private balconies. The kitchen has Quartz worktops and integrated appliances. The master bedroom is very light and spacious, with direct access to its own private balcony. Two further double bedrooms are off the hallway. The bathroom is light and airy with a new, modern three piece suite.
Additional storage is offered with the property externally and internally, perfect for storing bikes and tools etc.

Within walking distance to Bromley High Street with its shopping, restaurants and bars along with a selection of train stations offering all commuters flexible access into Central London, this is a fantastic location.

Local Authority: Bromley
Council Tax Band: C

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 💪