2 Bed Flat, Single Let, Bromley, BR1 3HS, £275,000

Bishops Green, Upper Park Road, Bromley, BR1 3HS - 1 views - 5 months ago

Leasehold
BTL
ROI: 5%
~68 m²
+6 photos

ValuationUndervalued

Sold Prices£154.6K - £425K
Sold Prices/m²£3.4K/m² - £7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4K/m²

Value Estimate

£338,250
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£10,700

Total Cash In

£79,450

 

 

Cash Out

 

Rent Range

£1,490 - £2,800

Rent Estimate

£1,550

Running Costs/mo

£1,189

Cashflow/mo

£361

Cashflow/yr

£4,328

ROI

5%

Gross Yield

7%

Local Sold Prices

42 sold prices from £154.6K to £425K, average is £310K. £3.4K/m² to £7K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£264K02/210.06 mi7, Dainton Close, Bromley, Greater London BR1 3JA2
£310K09/210.29 mi38, Palace Road, Bromley, Greater London BR1 3JT2
£425K02/230.3 mi134b, Widmore Road, Bromley, Greater London BR1 3BP2
£365K03/230.38 mi29a, Lansdowne Road, Bromley, Greater London BR1 3PG2
£375K08/230.44 mi12, Field Close, Bromley, Greater London BR1 2SF2
£330K12/200.45 mi24b, Cambridge Road, Bromley, Greater London BR1 4EA2
£350K10/210.47 mi9, Field Close, Bromley, Greater London BR1 2SF2
£235K03/210.49 miFlat 23, Newman Court, North Street, Bromley, Greater London BR1 1BQ2
£357K11/200.51 miThe First And Second Floor Flat, 108, College Road, Bromley, Greater London BR1 3PF2
£357K11/200.52 miThe First And Second Floor Flat, 108, College Road, Bromley, Greater London BR1 3PF2
£350K01/210.62 mi44b, Hammelton Road, Bromley, Greater London BR1 3PY2
£375K11/200.63 mi16a, Hammelton Road, Bromley, Greater London BR1 3PY2
£340K04/210.64 mi44b, Morgan Road, Bromley, Greater London BR1 3QF2
£325K11/200.64 mi78a, Morgan Road, Bromley, Greater London BR1 3QF2
£223K04/230.66 mi85, Howard Road, Bromley, Greater London BR1 3QQ2
£375K03/210.7 miFlat 1, St James Court, Edison Road, Bromley, Greater London BR2 0EZ2
£310K06/210.7 mi31, Weston Road, Bromley, Greater London BR1 3RH2
£265K04/210.71 mi33, Weston Grove, Bromley, Greater London BR1 3RJ2
£335K03/210.71 mi54, Hope Park, Bromley, Greater London BR1 3RQ2
£238K11/200.73 mi91, Hope Park, Bromley, Greater London BR1 3RG2
£351K01/210.77 miFlat 17, Weymouth House, Hill House Mews, Bromley, Greater London BR2 0DD2
£286K03/230.78 miFlat 17, Sundridge House, Burnt Ash Lane, Bromley, Greater London BR1 5AE2
£310K08/230.79 mi13b, Page Heath Villas, Bromley, Greater London BR1 2QN2
£285K11/200.81 mi150, Blyth Road, Bromley, Greater London BR1 3RT2
£297.5K03/210.82 miFlat 9, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ2
£300K05/210.82 miFlat 10, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ2
£180K08/230.84 mi7, Brook Lane, Bromley, Greater London BR1 4PU2
£350K07/230.84 miFlat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF2
£265K03/210.84 miFlat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF2
£302.5K03/210.85 mi4, Glassmill Lane, Bromley, Greater London BR2 0EJ2
£154.6K06/230.85 mi148, Homesdale Road, Bromley, Greater London BR2 9LH2
£275K11/200.85 mi96, Homesdale Road, Bromley, Greater London BR2 9LH2
£330K07/230.86 mi47c, Ravensbourne Road, Bromley, Greater London BR1 1HW2
£300K12/210.86 mi55, Woldham Road, Bromley, Greater London BR2 9LA2
£270K10/210.87 miFlat 16, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£287.5K08/230.87 miFlat 15, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£335K02/210.88 miFlat 23, Hardwick House, Masons Hill, Bromley, Greater London BR2 9GW2
£325.3K03/230.89 mi98a, London Road, Bromley, Greater London BR1 3RL2
£355K12/200.96 mi38d, Madeira Avenue, Bromley, Greater London BR1 4AY2
£285K03/210.97 mi14, Madeira Avenue, Bromley, Greater London BR1 4AZ2
£335K08/210.99 mi4a, Shortlands Gardens, Bromley, Greater London BR2 0EA2
£285K09/210.99 miFlat 27, Gainsborough Court, Homesdale Road, Bromley, Greater London BR2 9NB2

Local Rents

50 rents from £1.5K/mo to £2.8K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,50003/240.06 miDainton Close, Bromley2
£2,00004/240.08 miMarian Gardens, Bromley2
£2,00004/240.08 miMarian Gardens, Bromley2
£1,65004/250.08 mi-2
£1,95002/250.11 mi-2
£1,70003/240.15 miFreelands Grove, Bromley, BR12
£1,70003/240.17 miFreelands Road Bromley BR12
£1,65003/240.18 miPlaistow Lane, Bromley2
£1,72504/240.18 miPlaistow Lane, Bromley, BR1 3JE2
£1,70003/240.18 miEmpire Court, Plaistow Lane, BR12
£1,95004/240.18 miPlaistow Lane, Bromley, BR12
£2,65003/240.2 miMichael John House, 14 Southend Road, Beckenham, BR32
£1,80003/250.21 mi-2
£1,60003/240.21 miNorth Road, Bromley, BR12
£1,60004/240.21 mi-2
£1,65003/240.21 miWharton Road, Bromley, BR12
£1,65004/240.21 miWharton Road, Bromley, BR12
£1,87504/250.23 mi-2
£1,80001/250.24 mi-2
£1,80001/250.24 mi-2
£1,85004/240.24 mi1 Lansdowne Road, Bromley, Kent, BR12
£1,60003/240.25 miWinston Court, Widmore Road, Bromley, BR12
£1,70012/240.25 miWidmore Road, Bromley, BR12
£2,80012/240.25 mi-2
£2,25012/240.25 mi-2
£2,50001/250.25 mi-2
£2,25002/250.25 mi-2
£1,89502/250.25 mi-2
£1,55012/240.25 mi-2
£2,30001/250.25 mi-2
£2,00002/250.25 mi-2
£1,75002/250.26 mi-2
£1,95003/240.26 miPlaistow Lane, Bromley, BR12
£1,85003/240.27 miPlaistow Lane, BROMLEY, BR12
£1,87504/250.27 mi-2
£1,65003/240.28 mi-2
£1,70004/240.29 miSage Court, Plaistow Lane, BR12
£1,60012/240.3 mi-2
£1,75003/240.3 miEdward Road, Bromley, BR12
£2,00003/240.34 miSundridge Avenue, Bromley, BR12
£1,55002/240.35 mi-2
£1,55002/240.35 mi-2
£1,70004/250.35 mi-2
£1,60003/250.36 mi-2
£1,67504/240.37 miPlaistow Grove, Bromley. BR12
£1,90503/250.37 mi-2
£1,65003/240.38 miSherman Road, Bromley, BR12
£1,65003/240.38 miSherman Road, Bromley, BR12
£2,20003/250.39 mi-2
£1,49004/240.42 miBabbacombe Road, Bromley, BR12

Local Area Statistics

Population in BR1

55,931

Population in Bromley

55,947

Town centre distance

0.63 miles away

Nearest school

0.10 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £275,000

October 30, 2024

Floor Plans

Description

- Two bedroom, ground floor, purpose built flat offered on a CHAIN FREE basis

- Spacious lounge/dining area, a great space for entertaining family and friends

- Direct access to communal garden area

- Garage en bloc

- Walking distance to shops, local amenities and both Bromley North and Sundridge Park stations

Local Authority: Bromley
Council Tax Band: C

We are acting in the sale of the above property and have received an offer of
£ 275,000 on the above property. Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place.

Agent Details

Alan de Maid, Bromley

020 3872 5250

Next Steps?

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