2 Bed Flat, Single Let, Beckenham, BR3 6SP, £295,000

Hayes Lane, Beckenham, BR3 6SP - 4 views - 5 months ago

Sold STC

BTL

ROI: 5%

~68 m²

+10 photos

ValuationUndervalued

Sold Prices	£280K - £517.5K
Sold Prices/m²	£4K/m² - £10.4K/m²

Square Metres	~68.11 m²
Price/m²	£4.3K/m²
Value Estimate	£343,596£343,596
BMV	16%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£73,750£73,750
Stamp Duty & Legal Fees	£12,300£12,300
Total Cash In	£86,050£86,050

Cash Out
Rent Range	£1,500 - £2,100£1,500 - £2,100
Rent Estimate	£1,600
Running Costs/mo	£1,262£1,262
Cashflow/mo	£338£338
Cashflow/yr	£4,058£4,058
ROI	5%5%
Gross Yield	7%7%

Local Sold Prices

31 sold prices from £280K to £517.5K, average is £350K. £4K/m² to £10.4K/m², average is £5K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£350K	10/20	0.08 mi	112, Westmoreland Road, Bromley, Greater London BR2 0UD	£5,932	59	2	Flat
£517.5K	06/23	0.28 mi	Flat 1, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH	-	-	2	Flat
£440K	03/21	0.29 mi	Flat 3, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH	-	-	2	Flat
£442.5K	02/23	0.43 mi	28a, Durham Avenue, Bromley, Greater London BR2 0QB	-	-	2	Flat
£300K	06/21	0.44 mi	3, Kingsleigh Walk, Bromley, Greater London BR2 0YE	£4,762	63	2	Flat
£310K	02/21	0.47 mi	24, Stamford Drive, Bromley, Greater London BR2 0XF	£5,167	60	2	Flat
£370K	12/20	0.57 mi	12, Brenchley Close, Bromley, Greater London BR2 9DR	£4,810	77	2	Flat
£320K	01/21	0.61 mi	47, Whitehaven Close, Bromley, Greater London BR2 0YA	£5,000	64	2	Flat
£310K	11/22	0.61 mi	12, Whitehaven Close, Bromley, Greater London BR2 0YA	£4,627	67	2	Flat
£295K	03/23	0.61 mi	44, Whitehaven Close, Bromley, Greater London BR2 0YA	£4,338	68	2	Flat
£427.5K	02/23	0.61 mi	12, Foxes Dale, Bromley, Greater London BR2 0JS	£5,089	84	2	Flat
£485K	03/21	0.61 mi	7b, Church Road, Shortlands, Bromley, Greater London BR2 0HP	£4,450	109	2	Flat
£370K	06/21	0.65 mi	13, Madison Gardens, Bromley, Greater London BR2 0SJ	£5,211	71	2	Flat
£446.5K	06/23	0.67 mi	52, Beadon Road, Bromley, Greater London BR2 9AT	£5,875	76	2	Flat
£300K	08/23	0.73 mi	Flat 33, Handel Lodge, Fair Acres, Bromley, Greater London BR2 9BL	-	-	2	Flat
£309K	06/21	0.74 mi	Flat 6, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT	-	-	2	Flat
£295K	07/21	0.74 mi	Flat 12, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT	-	-	2	Flat
£290K	09/21	0.75 mi	Flat 138, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS	-	-	2	Flat
£330K	05/23	0.75 mi	Flat 146, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS	-	-	2	Flat
£430K	11/22	0.76 mi	52a, Valley Road, Bromley, Greater London BR2 0HD	-	-	2	Flat
£282.5K	02/21	0.76 mi	Flat 153, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS	£4,036	70	2	Flat
£430K	06/21	0.76 mi	48a, Valley Road, Bromley, Greater London BR2 0HD	£5,707	75	2	Flat
£350K	04/21	0.76 mi	5, Pump House Close, Bromley, Greater London BR2 0LA	£5,000	70	2	Flat
£423K	07/23	0.76 mi	6, Pump House Close, Bromley, Greater London BR2 0LA	£6,689	63	2	Flat
£300K	10/21	0.78 mi	Flat 121, Elgar Lodge, Fair Acres, Bromley, Greater London BR2 9BP	-	-	2	Flat
£400K	06/23	0.83 mi	Flat 1, Cranley Court, Beckenham Grove, Bromley, Greater London BR2 0JZ	-	-	2	Flat
£395K	06/21	0.83 mi	15, Hildenlea Place, Bromley, Greater London BR2 0YH	£5,127	77	2	Flat
£330K	07/23	0.84 mi	47c, Ravensbourne Road, Bromley, Greater London BR1 1HW	£4,342	76	2	Flat
£280K	08/21	0.88 mi	37a, Martins Road, Bromley, Greater London BR2 0EE	£4,828	58	2	Flat
£302.5K	03/21	0.89 mi	4, Glassmill Lane, Bromley, Greater London BR2 0EJ	£5,758	53	2	Flat
£435K	06/21	1 mi	27a, Meadow Road, Bromley, Greater London BR2 0DX	£10,357	42	2	Flat

Local Rents

25 rents from £1.5K/mo to £2.1K/mo, average is £1.6K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,600	10/24	0.05 mi	-	2	Flat
£1,600	04/24	0.09 mi	Westmoreland Road, Bromley, BR2	2	Flat
£1,800	03/24	0.29 mi	South Hill Road Bromley BR2	2	Flat
£1,800	04/24	0.29 mi	South Hill Road Bromley BR2	2	Flat
£1,600	04/24	0.42 mi	Bodiam Court, Westmoreland Road, Bromley, BR2	2	Flat
£1,650	12/24	0.46 mi	Westmoreland Road Bromley BR2	2	Flat
£1,650	04/24	0.47 mi	-	2	Flat
£1,650	03/24	0.47 mi	Westmoreland Road, Bromley, BR2	2	Flat
£1,650	04/24	0.47 mi	Westmoreland Road, Bromley, BR2	2	Flat
£1,550	04/25	0.47 mi	-	2	Flat
£2,000	03/24	0.49 mi	39 Spruce Park, Cumberland Road, Bromley, Kent BR2 0EH	2	Flat
£1,700	03/24	0.5 mi	Cumberland Road, Bromley, BR2	2	Flat
£1,600	04/24	0.5 mi	Kingswood Road, Bromley, London, BR2	2	Flat
£1,850	03/24	0.51 mi	Shortlands, Bromley, BR2	2	Flat
£2,100	02/25	0.53 mi	-	2	Flat
£1,550	04/25	0.55 mi	-	2	Flat
£1,750	12/24	0.56 mi	-	2	Flat
£1,650	03/24	0.57 mi	-	2	Flat
£1,600	03/24	0.57 mi	Westmoreland Road, Bromley, BR2	2	Flat
£1,600	03/24	0.59 mi	The Birches, Durham Road, Bromley, BR2	2	Flat
£1,500	04/24	0.61 mi	Whitehaven Close, Westmoreland Road, BR2	2	Flat
£1,650	04/24	0.61 mi	Whitehaven Close, Bromley South, BR2	2	Flat
£1,750	12/24	0.61 mi	-	2	Flat
£1,750	02/25	0.62 mi	-	2	Flat
£1,800	02/25	0.62 mi	-	2	Flat

Local Area Statistics

Population in BR3	47,38647,386
Population in Beckenham	47,41147,411
Town centre distance	1.35 miles away1.35 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.93 miles away0.93 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+3%+3%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+12%+12%

Property History

Listed for £295,000

November 20, 2024

Sold for £185,000

2010

Sold for £175,000

2006

Sold for £72,000

1998

Floor Plans

Description

Large Reception Room +
Fitted Kitchen +
Two Double Bedrooms +
Well Maintained Grounds +
Secure Underground Parking +
Extensive Communal Gardens +
Off Street Parking +
Good Transport Links +

New to the market is this spacious 'Chain Free' first floor apartment in Beckenham.

Located within a well-maintained development and grounds, the flat comprises; fitted kitchen, two double bedrooms, large reception, family bathroom and secure underground parking space.

There are extensive communal gardens and ample off-street parking to front.

Located on the borders of BR2, BR3 and BR4 there are bus routes to Beckenham, Hayes and Bromley South with excellent train links to London, and good local schools and amenities nearby making it Ideal for a first-time buyer or investor offered with share of the freehold.

Tenure: Share of Freehold - we understand that the property is being sold with a share of the freehold, the details of which have been unchecked.

Tenure: Share of Freehold - Lease length - 100 Years from 29 September 2010
Service Charge - £1400 per annum
Ground Rent - N/A

Council Tax Band D
Energy Efficiency Rating C