2 Bed Flat, Single Let, BR2 9BS, £310,000

Fair Acres, Bromley, BR2 9BS - 4 views - 6 months ago

Leasehold
BTL
ROI: 4%
~68 m²
+9 photos

ValuationUndervalued

Sold Prices£154.6K - £550K
Sold Prices/m²£3.4K/m² - £7.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.6K/m²

Value Estimate

£340,555
BMV10%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£77,500

Stamp Duty & Legal Fees

£13,500

Total Cash In

£91,000

 

 

Cash Out

 

Rent Range

£1,500 - £2,249

Rent Estimate

£1,599

Running Costs/mo

£1,309

Cashflow/mo

£290

Cashflow/yr

£3,485

ROI

4%

Gross Yield

6%

Local Sold Prices

36 sold prices from £154.6K to £550K, average is £310K. £3.4K/m² to £7.5K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£282.5K02/210 miFlat 153, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£290K09/210 miFlat 138, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£330K05/230 miFlat 146, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£309K06/210.02 miFlat 6, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£295K07/210.02 miFlat 12, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£300K08/230.06 miFlat 33, Handel Lodge, Fair Acres, Bromley, Greater London BR2 9BL2
£300K10/210.06 miFlat 121, Elgar Lodge, Fair Acres, Bromley, Greater London BR2 9BP2
£446.5K06/230.21 mi52, Beadon Road, Bromley, Greater London BR2 9AT2
£370K12/200.25 mi12, Brenchley Close, Bromley, Greater London BR2 9DR2
£320K01/210.45 mi47, Whitehaven Close, Bromley, Greater London BR2 0YA2
£310K11/220.45 mi12, Whitehaven Close, Bromley, Greater London BR2 0YA2
£295K03/230.45 mi44, Whitehaven Close, Bromley, Greater London BR2 0YA2
£310K02/210.46 mi24, Stamford Drive, Bromley, Greater London BR2 0XF2
£300K06/210.46 mi3, Kingsleigh Walk, Bromley, Greater London BR2 0YE2
£310K02/210.49 miFlat 5, Riverside Court, Vincent Close, Bromley, Greater London BR2 9ED2
£335K02/210.59 miFlat 23, Hardwick House, Masons Hill, Bromley, Greater London BR2 9GW2
£440K03/210.6 miFlat 3, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH2
£517.5K06/230.61 miFlat 1, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH2
£285K09/210.62 miFlat 27, Gainsborough Court, Homesdale Road, Bromley, Greater London BR2 9NB2
£442.5K02/230.64 mi28a, Durham Avenue, Bromley, Greater London BR2 0QB2
£370K06/210.67 mi13, Madison Gardens, Bromley, Greater London BR2 0SJ2
£350K10/200.68 mi112, Westmoreland Road, Bromley, Greater London BR2 0UD2
£398.5K01/210.73 mi83, Bromley Common, Bromley, Greater London BR2 9RN2
£301K03/210.73 mi83b, Bromley Common, Bromley, Greater London BR2 9RN2
£300K12/210.74 mi55, Woldham Road, Bromley, Greater London BR2 9LA2
£330K07/230.75 mi47c, Ravensbourne Road, Bromley, Greater London BR1 1HW2
£325K07/210.85 mi64, Addison Road, Bromley, Greater London BR2 9RR2
£154.6K06/230.86 mi148, Homesdale Road, Bromley, Greater London BR2 9LH2
£275K11/200.86 mi96, Homesdale Road, Bromley, Greater London BR2 9LH2
£305K05/210.88 mi32, Bourne Road, Bromley, Greater London BR2 9NS2
£315K03/210.88 mi12a, Waverley Close, Bromley, Greater London BR2 9SW2
£250K12/200.89 miFlat 11, Hopton Court, Forge Close, Bromley, Greater London BR2 7LP2
£295K03/210.91 mi17a, Station Approach, Hayes, Bromley, Greater London BR2 7EQ2
£360K07/230.95 mi9, Baston Road, Bromley, Greater London BR2 7BD2
£550K03/210.97 mi37a, Station Approach, Hayes, Bromley, Greater London BR2 7EB2
£302.5K03/210.98 mi4, Glassmill Lane, Bromley, Greater London BR2 0EJ2

Local Rents

47 rents from £1.5K/mo to £2.2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65003/240.05 miFairacres, Bromley2
£1,59503/240.06 miFair Acres, Bromley2
£1,50001/240.06 mi-2
£1,80004/240.06 miFair Acres, London, BR22
£1,80010/230.06 mi-2
£1,90012/240.06 mi-2
£1,90010/240.06 mi-2
£1,50003/240.07 miFair Acres, Bromley2
£1,50004/240.45 miWhitehaven Close, Westmoreland Road, BR22
£1,65004/240.45 miWhitehaven Close, Bromley South, BR22
£1,90004/240.46 miSandford Road Bromley BR22
£1,55004/240.46 miSandford Road, Bromley, BR22
£1,60004/240.46 miBodiam Court, Westmoreland Road, Bromley, BR22
£1,80003/240.47 miWhitehaven Close, Bromley, BR22
£1,70004/250.47 mi-2
£1,60003/240.49 miWestmoreland Road, Bromley, BR22
£1,65003/240.49 mi-2
£1,65003/240.51 miWestmoreland Road, Bromley, BR22
£1,65004/240.51 miWestmoreland Road, Bromley, BR22
£1,65004/240.51 mi-2
£1,65012/240.51 miWestmoreland Road Bromley BR22
£1,75012/240.52 miWestmoreland Road Bromley BR22
£1,75002/250.52 mi-2
£1,98503/240.52 miSparkes Close, Bromley, BR2 9GE2
£1,95012/240.52 mi-2
£1,75003/240.55 miAxiom Apartments, 42 Sparkes Close, Bromley, Kent, BR22
£1,75003/240.55 miUpper Floor, Pinewood Road, Bromley, BR22
£1,80003/240.55 miSouth Hill Road Bromley BR22
£1,80004/240.55 miSouth Hill Road Bromley BR22
£1,65003/240.55 miMasons Hill Bromley BR22
£1,95004/240.56 mi22 Axiom Apartments.2
£2,24912/240.56 mi-2
£1,65003/240.56 miExchange Apartments, 41 Sparkes Close, Bromley, BR22
£1,75012/240.56 mi-2
£1,90004/240.57 miWheeler Place, Bromley, BR22
£1,70003/240.58 miCumberland Road, Bromley, BR22
£2,00003/250.59 mi-2
£1,70004/240.59 miMasons Hill Bromley BR22
£2,20012/240.59 miDevonshire Square, Bromley, BR22
£2,20012/240.59 miDevonshire Square, Bromley, BR22
£2,00003/240.59 mi39 Spruce Park, Cumberland Road, Bromley, Kent BR2 0EH2
£1,90003/240.6 mi-2
£1,90003/240.6 mi-2
£1,90003/240.6 mi-2
£1,90003/240.6 miQueen Anne Avenue, Bromley, BR22
£1,60003/240.6 miThe Birches, Durham Road, Bromley, BR22
£2,10003/250.61 mi-2

Local Area Statistics

Population in BR2

44,903

Nearest school

0.30 miles away

Nearest train station

0.69 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £310,000

October 15, 2024

Floor Plans

Description

  • Split Level Purpose Built Flat. +
  • Two Double Bedrooms. +
  • 16' 1" x 14' 1" Living/Dining Room. +
  • Kitchen With Built in Appliances. +
  • White Suite Bathroom. +
  • Balcony Overlooking Attractive Grounds. +
  • Vendors Prepared to Extend Lease. +
  • Garage Included With The Flat. +

CHAIN FREE two double bedroom split level purpose built BALCONY flat, on the second and first floor and from the 16' 1" x 14' 1" living/dining room there are double glazed sliding patio doors leading to the WEST FACING 16' balcony, which overlooks the ATTRACTIVE, GATED and enclosed COMMUNAL GROUNDS with a lake. Off the living/dining room is the kitchen, appointed with cream fronted fitted units, granite work surfaces and various integrated kitchen appliances. Bedroom one has wood effect fitted wardrobes and the bathroom is appointed with a white suite and has a bath and tiled shower. Gas fired heating with radiators and double glazing. The development has a lift service and the attractive communal grounds are laid mainly to lawn with various trees and a seating area. The vendors are prepared to extend the current lease at the same time a sale is proceeding. A GARAGE is included with this flat.

Fair Acres is at the bottom end of Barnhill Avenue. Bus services pass along Barnhill Avenue and Cameron Road with routes to Bromley High Street, which is about 1 mile away with a range of amenities including The Glades Shopping Centre and Bromley South Station with fast (about 18 minutes) and frequent services to London. There are shops in the precinct between Letchworth Drive and Fair Acres. Local schools include Ravensbourne Secondary and Pickhurst Infant and Juniors.

Agent Details

Proctors, West Wickham

020 3879 5258

Next Steps?

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