2 Bed Flat, Single Let, Orpington, BR5 2FH, £275,000

Marion Crescent, Orpington, BR5 2FH - 4 views - 6 months ago

Sold STC

Leasehold

BTL

ROI: 4%

~68 m²

+10 photos

ValuationUndervalued

Sold Prices	£151K - £370K
Sold Prices/m²	£2.5K/m² - £8.6K/m²

Square Metres	~68.11 m²
Price/m²	£4K/m²
Value Estimate	£321,056£321,056
BMV	17%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£68,750£68,750
Stamp Duty & Legal Fees	£10,700£10,700
Total Cash In	£79,450£79,450

Cash Out
Rent Range	£1,400 - £2,300£1,400 - £2,300
Rent Estimate	£1,425
Running Costs/mo	£1,164£1,164
Cashflow/mo	£261£261
Cashflow/yr	£3,128£3,128
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

26 sold prices from £151K to £370K, average is £273.5K. £2.5K/m² to £8.6K/m², average is £4.8K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£152.5K	06/21	0.1 mi	9b, Stanley Way, Orpington, Greater London BR5 2HE	£2,470	62	2	Flat
£180K	03/21	0.1 mi	7b, Stanley Way, Orpington, Greater London BR5 2HE	£2,951	61	2	Flat
£260K	06/23	0.1 mi	7b, Stanley Way, Orpington, Greater London BR5 2HE	£4,262	61	2	Flat
£240K	05/23	0.17 mi	11, Cray Valley Road, St Mary Cray, Orpington, Greater London BR5 2EY	£4,615	52	2	Flat
£255K	02/23	0.18 mi	25, Cray Valley Road, St Mary Cray, Orpington, Greater London BR5 2EY	£5,426	47	2	Flat
£277K	10/22	0.18 mi	33, Sidmouth Road, Orpington, Greater London BR5 2EQ	-	-	2	Flat
£270K	10/21	0.2 mi	14, Cray Valley Road, Orpington, Greater London BR5 2EZ	£5,400	50	2	Flat
£252K	10/22	0.2 mi	4, Cray Valley Road, Orpington, Greater London BR5 2EZ	£4,755	53	2	Flat
£250K	02/21	0.22 mi	9, Barnesdale Crescent, Orpington, Greater London BR5 2AU	£4,902	51	2	Flat
£325K	12/22	0.22 mi	45, Barnesdale Crescent, Orpington, Greater London BR5 2AU	£8,553	38	2	Flat
£245K	03/21	0.23 mi	21, Sidmouth Road, Orpington, Greater London BR5 2EG	-	-	2	Flat
£315K	04/23	0.29 mi	49, Oakdene Road, Orpington, Greater London BR5 2AL	£5,943	53	2	Flat
£280.5K	02/23	0.35 mi	139, Oakdene Road, Orpington, Greater London BR5 2AP	£5,194	54	2	Flat
£280K	06/21	0.35 mi	78, Coleridge Way, Orpington, Greater London BR6 0UQ	£4,444	63	2	Flat
£280K	02/21	0.37 mi	127, Oakdene Road, Orpington, Greater London BR5 2AP	£6,087	46	2	Flat
£287K	09/21	0.4 mi	7, Red Lion Close, Orpington, Greater London BR5 4AP	£4,521	63	2	Flat
£267K	02/21	0.56 mi	36, Haydens Close, Orpington, Greater London BR5 4JE	£4,684	57	2	Flat
£370K	01/23	0.6 mi	18, Killewarren Way, Orpington, Greater London BR5 4DJ	-	-	2	Flat
£240K	06/21	0.64 mi	62, Bournewood Road, Orpington, Greater London BR5 4JL	-	-	2	Flat
£265K	08/21	0.65 mi	111, Dyke Drive, Orpington, Greater London BR5 4LY	£4,274	62	2	Flat
£285K	01/23	0.69 mi	8, Craylands, Orpington, Greater London BR5 3HA	£4,831	59	2	Flat
£282.5K	03/21	0.8 mi	12, Marlborough Close, Orpington, Greater London BR6 0TY	£4,358	65	2	Flat
£151K	03/21	0.81 mi	Flat 2, Julienne House, Main Road, Orpington, Greater London BR5 3HD	-	-	2	Flat
£300K	09/21	0.86 mi	1, St Marys Close, Orpington, Greater London BR5 3AJ	£5,614	53	2	Flat
£277.5K	08/21	0.86 mi	13, St Marys Close, Orpington, Greater London BR5 3AJ	£5,139	54	2	Flat
£295K	06/23	0.9 mi	72, Longbury Drive, Orpington, Greater London BR5 2JS	£4,609	64	2	Flat

Local Rents

37 rents from £1.4K/mo to £2.3K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,750	04/25	0.14 mi	-	2	Semi-Detached House
£1,500	01/25	0.15 mi	-	2	Flat
£1,400	12/24	0.22 mi	Barnesdale Cresent, Orpington, BR5	2	Flat
£1,600	12/24	0.25 mi	Kent Road, Orpington, kent, BR5	2	Flat
£1,600	12/24	0.25 mi	Kent Road, Orpington, BR5	2	Flat
£2,000	12/24	0.25 mi	-	2	Semi-Detached House
£2,300	02/25	0.25 mi	-	2	Semi-Detached House
£2,000	03/24	0.25 mi	Friar Road, Orpington, BR5	2	Detached House
£1,600	12/24	0.25 mi	Kent Road, Orpington, BR5	2	Flat
£1,550	03/24	0.26 mi	Friar Road Orpington BR5	2	Flat
£1,550	12/24	0.26 mi	Friar Road Orpington BR5	2	Flat
£1,600	04/24	0.29 mi	Brookmead Way, Orpington, BR5	2	Semi-Detached House
£1,600	01/24	0.33 mi	-	2	Terraced House
£1,500	03/24	0.35 mi	Coleridge Way Orpington, BR6	2	Flat
£1,400	04/24	0.38 mi	Lower Road, Orpington, BR5	2	Flat
£1,500	12/24	0.39 mi	Anglesea Road, St Pauls Cray, BR5	2	Flat
£1,550	03/25	0.4 mi	-	2	Flat
£1,599	04/25	0.4 mi	-	2	Flat
£1,500	03/24	0.41 mi	1 Albert Road St. Mary Cray BR5	2	Flat
£1,500	12/24	0.41 mi	Albert Road, Orpington, BR5	2	Flat
£1,600	11/23	0.44 mi	-	2	Flat
£1,600	03/24	0.44 mi	Chelsfield Road Orpington BR5	2	Flat
£1,550	12/24	0.47 mi	Market Meadow, Orpington, BR5	2	Terraced House
£1,550	12/24	0.47 mi	-	2	Terraced House
£1,750	03/24	0.47 mi	Cherry Orchard Close, Orpington, BR5	2	Flat
£1,575	03/24	0.47 mi	-	2	Flat
£1,600	04/25	0.47 mi	-	2	Flat
£1,575	03/24	0.47 mi	Pinnacle House, Orpington, BR5	2	Flat
£1,575	03/24	0.47 mi	Pinnacle House, Orpington, BR5	2	Flat
£1,575	03/24	0.47 mi	Pinnacle House, Orpington, BR5	2	Flat
£1,575	03/24	0.47 mi	Pinnacle House, Orpington, BR5	2	Flat
£1,750	12/24	0.49 mi	-	2	Terraced House
£2,100	03/24	0.52 mi	Goddington Manor, Court Road, Orpington, BR6	2	Flat
£1,750	04/25	0.57 mi	-	2	Terraced House
£1,700	03/24	0.59 mi	Mountview Road, BR6	2	Terraced House
£2,000	01/25	0.59 mi	-	2	Flat
£1,550	03/24	0.6 mi	Chislehurst Road, Orpington, BR6	2	Flat

Local Area Statistics

Population in BR5	45,92345,923
Population in Orpington	92,06892,068
Town centre distance	2.40 miles away2.40 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.37 miles away0.37 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+2%+2%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £275,000

October 17, 2024

Floor Plans

Description

Ground Floor Apartment +
New Conversion 2017 +
Two Double Bedrooms +
Social Living Space +
Integrated Kitchen +
Private Parking Space +
En-Suite Cloakroom +
Spacious Entrance +
Security Entryphone +
Chain Free Property +

This ground floor apartment was converted in 2017 to form a small private development of similar properties with private parking bays. The property enjoys a central location in the Poverest area of Orpington, convenient for good transport links, Nugent Shopping Park (boasting big High Street stores with free parking), St Mary Cray mainline station (10 minutes' walk away), plus regular bus routes serving Orpington and Petts Wood amenities. The property comprises two double bedrooms, a bright an airy social living space of 4.68m by 3.40m, integrated kitchen, spacious entrance hall and en-suite cloakroom off the main bedroom. Features to note include double glazed windows, gas central heating by Vaillant boiler, modern down lighters, contemporary flooring, well presented interior, built-in wardrobes, entry phone system, private parking bay and CHAIN FREE possession.

Agent Details

Proctors, Petts Wood

01689 661653

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

Sold STC

3 Bed Bungalow, Single Let, Orpington, BR5 2ED

£450,000

2 views • 10 months ago • 54 m²

2 Bed Bungalow, Single Let, Orpington, BR5 2ED

£380,000

1 views • a year ago • 68 m²

Sold STC

2 Bed Bungalow, Single Let, Orpington, BR5 2BL

£465,000

1 views • 7 months ago • 59 m²

2 Bed Bungalow, Single Let, Orpington, BR5 2DE

£425,000

8 months ago • 76 m²

2 Bed Flat, Single Let, Orpington, BR5 2FH, £275,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

Similar Properties

3 Bed Bungalow, Single Let, Orpington, BR5 2ED

2 Bed Bungalow, Single Let, Orpington, BR5 2ED

2 Bed Bungalow, Single Let, Orpington, BR5 2BL

2 Bed Bungalow, Single Let, Orpington, BR5 2DE

Cashflows

Local Sold Prices

Local Rents