2 Bed Flat, Single Let, BR2 0LN, £300,000

Bromley Grove, Bromley, BR2 0LN - 4 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 3%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£265K - £517.5K
Sold Prices/m²£3.8K/m² - £10.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.4K/m²

Value Estimate

£351,034
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Rent Range

£1,500 - £2,300

Rent Estimate

£1,500

Running Costs/mo

£1,258

Cashflow/mo

£243

Cashflow/yr

£2,910

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £265K to £517.5K, average is £365K. £3.8K/m² to £10.4K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£400K06/230.1 miFlat 1, Cranley Court, Beckenham Grove, Bromley, Greater London BR2 0JZ2
£427.5K02/230.14 mi12, Foxes Dale, Bromley, Greater London BR2 0JS2
£395K06/210.15 mi15, Hildenlea Place, Bromley, Greater London BR2 0YH2
£485K03/210.2 mi7b, Church Road, Shortlands, Bromley, Greater London BR2 0HP2
£350K12/200.29 mi24, Cadogan Close, Beckenham, Greater London BR3 5XY2
£430K06/210.31 mi48a, Valley Road, Bromley, Greater London BR2 0HD2
£430K11/220.32 mi52a, Valley Road, Bromley, Greater London BR2 0HD2
£350K04/210.39 mi5, Pump House Close, Bromley, Greater London BR2 0LA2
£423K07/230.39 mi6, Pump House Close, Bromley, Greater London BR2 0LA2
£435K06/210.39 mi27a, Meadow Road, Bromley, Greater London BR2 0DX2
£280K08/210.41 mi37a, Martins Road, Bromley, Greater London BR2 0EE2
£335K08/210.46 mi4a, Shortlands Gardens, Bromley, Greater London BR2 0EA2
£375K05/230.5 mi5, West Oak, Beckenham, Greater London BR3 5EZ2
£285K03/210.56 mi14, Madeira Avenue, Bromley, Greater London BR1 4AZ2
£270K10/210.56 miFlat 16, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£287.5K08/230.56 miFlat 15, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£350K08/230.57 mi39, Lankton Close, Beckenham, Greater London BR3 5DZ2
£355K12/200.62 mi38d, Madeira Avenue, Bromley, Greater London BR1 4AY2
£302.5K03/210.63 mi4, Glassmill Lane, Bromley, Greater London BR2 0EJ2
£285K11/200.63 mi150, Blyth Road, Bromley, Greater London BR1 3RT2
£442.5K02/230.63 mi28a, Durham Avenue, Bromley, Greater London BR2 0QB2
£360K11/200.63 mi166, Farnaby Road, Bromley, Greater London BR2 0BB2
£351K01/210.66 miFlat 17, Weymouth House, Hill House Mews, Bromley, Greater London BR2 0DD2
£517.5K06/230.67 miFlat 1, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH2
£440K03/210.69 miFlat 3, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH2
£297.5K03/210.69 miFlat 9, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ2
£300K05/210.69 miFlat 10, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ2
£445K11/210.69 mi13, Lakeside, Beckenham, Greater London BR3 6LX2
£380K03/210.69 mi6, Lakeside, Beckenham, Greater London BR3 6LX2
£370K06/210.69 mi13, Madison Gardens, Bromley, Greater London BR2 0SJ2
£435K06/210.71 miFlat 5, Claire Court, Kelsey Park Avenue, Beckenham, Greater London BR3 6ND2
£450K06/210.72 mi18, Waylands Mead, Beckenham, Greater London BR3 5XT2
£415K04/210.72 mi33, Waylands Mead, Beckenham, Greater London BR3 5XT2
£375K03/210.73 miFlat 1, St James Court, Edison Road, Bromley, Greater London BR2 0EZ2
£375K04/210.76 mi8, Apex Close, Beckenham, Greater London BR3 5TU2
£380K02/210.76 mi6, Apex Close, Beckenham, Greater London BR3 5TU2
£395K03/210.76 mi28, Apex Close, Beckenham, Greater London BR3 5TU2
£375K04/230.76 mi40, Apex Close, Beckenham, Greater London BR3 5TU2
£415K01/230.76 mi17, Apex Close, Beckenham, Greater London BR3 5TU2
£350K10/200.78 mi112, Westmoreland Road, Bromley, Greater London BR2 0UD2
£330K07/230.79 mi47c, Ravensbourne Road, Bromley, Greater London BR1 1HW2
£300K06/210.8 mi3, Kingsleigh Walk, Bromley, Greater London BR2 0YE2
£310K02/210.81 mi24, Stamford Drive, Bromley, Greater London BR2 0XF2
£265K03/210.81 miFlat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF2
£350K07/230.81 miFlat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF2
£345K01/210.83 mi7, Sutton Close, Beckenham, Greater London BR3 5UG2
£317.5K03/210.83 mi1, Sutton Close, Beckenham, Greater London BR3 5UG2
£350K01/210.85 mi44b, Hammelton Road, Bromley, Greater London BR1 3PY2
£375K11/200.85 mi16a, Hammelton Road, Bromley, Greater London BR1 3PY2
£265K04/210.85 mi33, Weston Grove, Bromley, Greater London BR1 3RJ2

Local Rents

50 rents from £1.5K/mo to £2.3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£2,15003/240.06 miShortlands Grove Bromley BR22
£2,15004/240.06 miShortlands Grove Bromley BR22
£1,60002/240.06 mi-2
£1,60002/240.06 mi-2
£1,70003/240.07 miCaton Court, 4 Beckenham Grove, Bromley, Kent, BR22
£1,50004/240.09 miBeckenham Grove, Shortlands, BR22
£1,70003/240.09 miBeckenham Grove, Bromley, BR22
£1,70002/250.11 mi-2
£1,60003/240.13 miPark Hill Road, Bromley2
£1,80002/250.18 mi-2
£1,55004/250.2 mi-2
£2,10002/250.22 mi-2
£1,75004/240.22 miThe Knoll, Bromley, BR22
£1,75012/240.22 mi-2
£1,60004/240.24 miKingswood Road, Bromley, London, BR22
£1,72503/240.24 miGlecoe, Park Hill Road, Shortlands, BR22
£1,95004/250.25 mi-2
£2,20004/250.3 mi-2
£1,80003/240.31 mi-2
£1,55004/240.31 miBromley Road, Shortlands, Bromley, BR22
£1,80012/240.31 miValley Road Bromley BR22
£2,10003/240.32 miAlbemarle Road Beckenham BR32
£1,69903/240.36 mi-2
£1,69903/240.36 miBromley Road, Beckenham, BR32
£1,75003/240.36 miMartins Road, Shortlands, Bromley, BR22
£1,75003/240.39 miMeadow Road, Bromley, BR22
£1,75004/240.41 miMeadow Road, Bromley, BR22
£1,50003/240.42 miMartins Road, Shortlands, Bromley, BR22
£1,60003/250.43 mi-2
£1,50003/240.44 miShortlands Gardens, Shortlands, Bromley, BR22
£1,80004/240.45 miRecreation Road Bromley BR22
£1,75003/240.45 miOakwood Avenue Beckenham BR32
£1,85003/240.46 miPump House Close, BR22
£2,30003/250.47 mi-2
£1,60003/240.47 miRegents Court, Albemarle Road, Beckenham, BR32
£1,59903/240.49 miChinnery Court, BR32
£1,80001/250.5 mi-2
£1,65003/240.52 miBromley Road Beckenham BR32
£1,65004/240.52 miBromley Road Beckenham BR32
£2,00002/240.52 mi-2
£1,70003/250.52 mi-2
£1,70002/250.52 mi-2
£2,00003/240.52 miQueens Mead Road Bromley BR22
£1,70004/240.53 miFarnaby Road, Bromley, BR12
£1,69512/240.54 mi-2
£1,55004/250.55 mi-2
£1,80003/240.56 miAlbemarle Road, Beckenham, Kent2
£1,85003/240.56 miShortlands, Bromley, BR22
£1,65003/240.56 miLankton Close, Beckenham2
£1,75004/240.57 miAlbemarle Road Beckenham BR32

Local Area Statistics

Population in BR2

44,903

Nearest school

0.20 miles away

Nearest train station

0.32 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £300,000

November 21, 2024

Floor Plans

Description

  • Two bedroom Top floor apartment +
  • Reception, Kitchen, Bathroom +
  • Conveniently located for station +
  • Offering fantastic transport links +
  • Various local amenities are nearby +
  • Ideal for first time buyers or investors +

CHAIN FREE
Sinclair Hammelton welcomes to the market this two bedroom Top floor apartment, situated on Bromley Grove which is conveniently located within ½ a mile of Shortlands railway station, offering fantastic transport links to Central London and various local amenities, including Cafes, pubs and nearby Kelsey Park. This property is ideal for first time buyers wanting to put their own stamp on a property or investors. EPC: C

Leasehold - 125 years
Service Charge - £3,376.17
COUNCIL TAX - D
Construction -
Mains Services -
Heating System -
Broadband –
Mobile coverage -
Restrictive covenants –

Agent Details

Sinclair Hammelton, Bromley

020 3834 7896

Next Steps?

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