3 Bed Detached House, Refurb/BRRR, BR2 8HS, £600,000

69 Phoenix Drive, Keston, Bromley, Kent BR2 8HS - 1 views - 5 months ago

Refurb/BRRR
~93 m²
+12 photos

ValuationFair Value

Sold Prices£378K - £1.6M
Sold Prices/m²£4.5K/m² - £11K/m²

 

 

Square Metres

~93 m²
Price/m²£6.5K/m²

Value Estimate

£592,647

 

 

End Value (After Refurb)

£590,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£150,000

Stamp Duty & Legal Fees

£36,700

Refurb Costs

£49,443

Bridging Loan Interest

£15,750

Total Cash In

£253,643

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£590,000

Mortgage (After Refinance)

£442,500

Mortgage LTV

75%

Cash Left In

£253,643

Equity

£147,500

Rent Range

£1,650 - £3,500

Rent Estimate

£2,331

Running Costs/mo

£2,330

Cashflow/mo

£1

Cashflow/yr

£13

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £378K to £1.6M, average is £630K. £4.5K/m² to £11K/m², average is £6.3K/m².

PriceDateDistanceAddressBeds 
£656K04/210.02 mi4, Thanet Drive, Keston, Greater London BR2 8HT3
£378K03/210.07 mi133, Croydon Road, Keston, Greater London BR2 8HW3
£750K01/230.09 mi39, The Dale, Keston, Greater London BR2 6HW3
£406K06/230.09 mi97, Croydon Road, Keston, Greater London BR2 8HU3
£545K12/220.09 mi75, Croydon Road, Keston, Greater London BR2 8HU3
£795K11/220.13 mi3, The Drift, Bromley, Greater London BR2 8HL3
£625K10/200.22 mi9, Cheyne Close, Bromley, Greater London BR2 8QA3
£1.3M09/210.24 mi6, Longdon Wood, Keston, Greater London BR2 6EW3
£875K02/210.24 miThe Gate House, Forest Lodge, Westerham Road, Keston, Greater London BR2 6HE3
£580K12/200.25 mi5, Oakley Drive, Bromley, Greater London BR2 8PL3
£1.3M02/210.26 mi9, Longdon Wood, Keston, Greater London BR2 6EN3
£1.4M11/220.26 mi49, Longdon Wood, Keston, Greater London BR2 6EN3
£735K09/220.29 mi15, Cedar Crescent, Bromley, Greater London BR2 8PX3
£705K03/230.35 mi10, Briar Wood Close, Bromley, Greater London BR2 8EJ3
£635K11/220.36 mi29, Oakley Drive, Bromley, Greater London BR2 8PS3
£613.5K06/210.36 mi19, Kemble Drive, Bromley, Greater London BR2 8PY3
£525K01/210.37 mi60, Oakley Drive, Bromley, Greater London BR2 8PT3
£620K11/210.39 mi18, Kemble Drive, Bromley, Greater London BR2 8PZ3
£590K10/200.39 mi24, Kemble Drive, Bromley, Greater London BR2 8PZ3
£670K10/200.42 mi55, Oakley Drive, Bromley, Greater London BR2 8PS3
£1.1M03/230.44 mi8, Greys Park Close, Keston, Greater London BR2 6BD3
£540K12/200.46 mi104, Gravel Road, Bromley, Greater London BR2 8PN3
£535K09/220.47 mi6, Doves Close, Bromley, Greater London BR2 8PJ3
£760K08/230.47 mi19, Lakeside Drive, Bromley, Greater London BR2 8QQ3
£750K06/230.48 mi41, Beverley Road, Bromley, Greater London BR2 8QE3
£635K09/210.51 mi29, Beverley Road, Bromley, Greater London BR2 8QF3
£700K12/220.51 mi56, Beverley Road, Bromley, Greater London BR2 8QD3
£665K12/200.51 mi36, Lakeside Drive, Bromley, Greater London BR2 8QG3
£785K06/210.53 mi67, Rowan Walk, Bromley, Greater London BR2 8QW3
£590K08/210.53 mi25, Rowan Walk, Bromley, Greater London BR2 8QW3
£605K06/210.53 mi45, Rowan Walk, Bromley, Greater London BR2 8QW3
£650K11/200.56 mi13, Barnet Drive, Bromley, Greater London BR2 8PG3
£665K09/210.59 mi11, Barnet Drive, Bromley, Greater London BR2 8PG3
£1.0M09/220.61 mi11, Weald Close, Bromley, Greater London BR2 8PD3
£679.8K06/230.63 mi43, Fox Lane, Keston, Greater London BR2 6AL3
£1.6M03/210.87 mi23, Meadow Way, Orpington, Greater London BR6 8LN3
£550K03/210.88 mi33, Hartfield Crescent, West Wickham, Greater London BR4 9DW3
£430K01/210.88 mi99, Jackson Road, Bromley, Greater London BR2 8NT3
£475K01/210.91 mi106, Jackson Road, Bromley, Greater London BR2 8NX3
£490K04/210.91 mi102, Jackson Road, Bromley, Greater London BR2 8NX3
£458K01/210.93 mi33, Princes Plain, Bromley, Greater London BR2 8LH3
£525K12/200.93 mi22, Baston Road, Bromley, Greater London BR2 7BE3
£545K04/210.93 mi12, Baston Road, Bromley, Greater London BR2 7BE3
£440K11/200.94 mi13, Barkway Drive, Orpington, Greater London BR6 8PQ3
£485K01/210.94 mi26, Brewery Road, Bromley, Greater London BR2 8LG3
£550K03/210.98 mi10, Wellbrook Road, Orpington, Greater London BR6 7AB3
£665K02/230.98 mi26, Glebe House Drive, Bromley, Greater London BR2 7BN3
£640K07/230.99 mi6, Aragon Close, Bromley, Greater London BR2 8RA3
£517K01/210.99 mi48, Randolph Road, Bromley, Greater London BR2 8PU3
£517K06/211 mi73, Princes Plain, Bromley, Greater London BR2 8LF3

Local Rents

22 rents from £1.6K/mo to £3.5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£3,50003/240.23 miWesterham Road, Keston, BR23
£2,40003/250.33 mi-3
£2,40012/240.35 miBriar Wood Close Bromley BR23
£2,36912/240.37 mi-3
£2,20004/240.81 miJackson Road, Bromley, BR23
£2,20012/240.81 mi-3
£2,25004/240.9 miCapel Close Bromley BR23
£2,15002/240.92 mi-3
£1,90003/240.93 miBrewery Road, Bromley, BR23
£2,25012/240.94 miCrofton Road Orpington BR63
£2,25012/240.94 miCrofton Road Orpington BR63
£3,40012/240.95 mi-3
£1,65003/240.96 miBarham Court, Church Lane, Bromley3
£1,65004/240.96 miBarham Court, Church Lane, Bromley3
£2,35012/240.99 miCrofton Road, Orpington, BR63
£2,90003/241.02 miFishers Wood Grove Bromley BR23
£2,15003/241.03 mi-3
£2,37503/241.13 miNutfield Way, Orpington, BR63
£2,37512/241.13 mi-3
£2,25003/241.17 miRoyal Close, Locksbottom, Orpington, Kent, BR63
£2,05002/251.19 mi-3
£2,10001/251.19 mi-3

Local Area Statistics

Population in BR2

44,903

Nearest school

0.20 miles away

Nearest train station

1.30 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £600,000

November 20, 2024

Floor Plans

Description

  • 3 Good sized bedrooms +
  • Double aspect sitting room +
  • Open plan kitchen +
  • 4 Piece bathroom +
  • Downstairs w.c. +
  • Gas central heating +
  • Double glazing +
  • Tandem garage +
  • Approx 55ft garden +
  • Own driveway +

CHAIN FREE
£600,000-£625,000 Close to Ravenswood School. an extremely spacious 3 bedroom detached family home located in a lovely cul-de-sac a short distance from Locksbottom with Bromley and Orpington high streets a little further.
Although in need of some updating the property offers light and airy accommodation and boasts potential to extend, subject to the usual permissions being obtainable. To the side there is a handy tandem garage with access from the front and back and to the rear there is a lovely approximate 55 ft West facing garden with side access.
Must be viewed.

Agent Details

Browne Estates, Bromley

020 3856 4254

Next Steps?

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