2 Bed Flat, Single Let, BR2 9BN £315,000

Fair Acres, Bromley, BR2 9BN - a year ago
Sold STC
Leasehold
BTL
ROI: 2%
~68 m²
Property image

ValuationUndervalued

Sold Prices£112.5K - £517.5K
Sold Prices/m²£1.8K/m² - £7.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.6K/m²

Value Estimate

£324,338
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£22,700

Total Cash In

£101,450

 

 

Cash Out

 

Rent Range

£1,450 - £2,850

Rent Estimate

£1,500

Running Costs/mo

£1,304

Cashflow/mo

£196

Cashflow/yr

£2,348

ROI

2%

Gross Yield

6%

Local Sold Prices

40 sold prices from £112.5K to £517.5K, average is £330.3K. £1.8K/m² to £7.2K/m², average is £4.8K/m².

Price
Date
Distance
Address
Beds
 
£312.5K03/250.01 miFlat 54, Vaughan Lodge, Fair Acres, Bromley BR2 9BN2
£300K08/230.02 miFlat 33, Handel Lodge, Fair Acres, Bromley, Greater London BR2 9BL2
£300K10/210.04 miFlat 121, Elgar Lodge, Fair Acres, Bromley, Greater London BR2 9BP2
£309K06/210.06 miFlat 6, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£295K07/210.06 miFlat 12, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£290K09/210.06 miFlat 138, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£330K05/230.06 miFlat 146, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£425K08/250.25 miApartment 4, 143 Farmview Apartments, Hayes Lane, Hayes, Bromley BR2 9EQ2
£446.5K06/230.25 mi52, Beadon Road, Bromley, Greater London BR2 9AT2
£300K06/210.48 mi3, Kingsleigh Walk, Bromley, Greater London BR2 0YE2
£310K11/220.49 mi12, Whitehaven Close, Bromley, Greater London BR2 0YA2
£295K03/230.49 mi44, Whitehaven Close, Bromley, Greater London BR2 0YA2
£365K05/250.53 miFlat 26, 76 Florida Court, Westmoreland Road, Bromley BR2 0TR2
£365K05/250.53 miFlat 26, 76 Florida Court, Westmoreland Road, Bromley BR2 0TR2
£420K03/250.54 miFlat 21, 76 Florida Court, Westmoreland Road, Bromley BR2 0TR2
£330.5K04/250.56 miFlat 2, 4, Hayes Lane, Hayes, Bromley BR2 9EB2
£330.5K04/250.56 miFlat 2, 4, Hayes Lane, Hayes, Bromley BR2 9EB2
£440K05/250.61 mi28, Spruce Park, Cumberland Road, Shortlands, Bromley BR2 0EH2
£440K05/250.61 mi28, Spruce Park, Cumberland Road, Shortlands, Bromley BR2 0EH2
£368K12/240.61 mi48 Berkeley Court, Flat 12, Masons Hill, Bromley BR2 9JG2
£517.5K06/230.61 miFlat 1, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH2
£412.5K03/250.61 mi12a, 42 Axiom Apartments, Sparkes Close, Bromley BR2 9BU2
£442.5K02/230.65 mi28a, Durham Avenue, Bromley, Greater London BR2 0QB2
£285K09/210.68 miFlat 27, Gainsborough Court, Homesdale Road, Bromley, Greater London BR2 9NB2
£112.5K12/240.69 miHardwick House, Flat 57, Masons Hill, Bromley BR2 9GW2
£370K06/210.7 mi13, Madison Gardens, Bromley, Greater London BR2 0SJ2
£400K03/250.72 miApartment 7, 7 Dewey Court, St Mark's Square, Bromley BR2 9UZ2
£365K01/250.74 mi28c, Langdon Road, Bromley BR2 9JS2
£330K07/230.8 mi47c, Ravensbourne Road, Bromley, Greater London BR1 1HW2
£300K12/210.81 mi55, Woldham Road, Bromley, Greater London BR2 9LA2
£330K12/240.9 mi5, Ethelbert Close, Bromley BR1 1JB2
£325K07/210.9 mi64, Addison Road, Bromley, Greater London BR2 9RR2
£360K07/230.91 mi9, Baston Road, Bromley, Greater London BR2 7BD2
£154.6K06/230.92 mi148, Homesdale Road, Bromley, Greater London BR2 9LH2
£340K12/240.94 mi42a, Johnson Road, Bromley BR2 9SN2
£327.5K02/250.95 mi20 Meycroft, Flat 28, Bourne Way, Hayes, Bromley BR2 7HB2
£385K04/250.98 mi18, Mill Vale, Bromley BR2 0EW2
£385K04/250.98 mi18, Mill Vale, Bromley BR2 0EW2
£283.5K05/250.99 mi32, Kemsing Close, Hayes, Bromley BR2 7ET2
£283.5K05/250.99 mi32, Kemsing Close, Hayes, Bromley BR2 7ET2

Local Rents

50 rents from £1.4K/mo to £2.9K/mo, average is £1.7K/mo.

Rent
Date
Distance
Address
Beds
 
£1,59507/250 miFair Acres, Bromley2
£1,50001/240 mi-2
£1,80010/230 mi-2
£1,90012/240 mi-2
£1,90010/240 mi-2
£1,90005/250 mi-2
£1,80004/240 miFair Acres, London, BR22
£1,50003/240.01 miFair Acres, Bromley2
£1,59503/240.02 miFair Acres, Bromley2
£1,90011/250.02 miFair Acres, Bromley2
£1,60007/250.04 miFair Acres, Bromley, BR22
£1,90011/250.04 miTallis House, Fair Acres, Bromley, Kent, BR22
£1,65003/240.05 miFairacres, Bromley2
£1,60008/250.12 miFair Acres, Hayesford Park, Bromley, BR22
£1,70006/250.19 miHayesford Park Drive, Bromley, Kent, BR22
£1,75008/250.44 miWhitehaven Close, Bromley, Kent, BR22
£1,70006/250.44 miWestmoreland Road, Bromley, Kent, BR22
£1,61011/250.47 mi-2
£1,61011/250.47 miKingsleigh Walk, Bromley, BR22
£1,60004/240.48 miBodiam Court, Westmoreland Road, Bromley, BR22
£1,70007/250.48 miStamford Drive, BR22
£1,50004/240.49 miWhitehaven Close, Westmoreland Road, BR22
£1,65004/240.49 miWhitehaven Close, Bromley South, BR22
£1,75006/250.5 mi-2
£1,80003/240.51 miWhitehaven Close, Bromley, BR22
£1,95009/250.51 miWhitehaven Close, Bromley, BR22
£1,90004/240.52 miSandford Road Bromley BR22
£1,55004/240.52 miSandford Road, Bromley, BR22
£2,85011/250.52 mi-2
£1,60011/250.52 miWhitley Court, Westmoreland Road, BR22
£2,00008/250.52 miWestmoreland Road, Bromley, BR22
£2,00008/250.52 mi-2
£1,70010/250.53 mi-2
£1,60003/240.53 miWestmoreland Road, Bromley, BR22
£1,65003/240.53 mi-2
£1,65003/240.53 miWestmoreland Road, Bromley, BR22
£1,65004/240.53 miWestmoreland Road, Bromley, BR22
£1,65004/240.53 mi-2
£1,65011/250.53 mi72 Westmoreland Road, Bromley, BR22
£1,65012/240.53 miWestmoreland Road Bromley BR22
£1,70006/250.53 mi-2
£1,70010/250.54 mi-2
£1,70005/250.55 miVincent Close, Bromley, London, BR22
£1,80003/240.55 miSouth Hill Road Bromley BR22
£1,80004/240.55 miSouth Hill Road Bromley BR22
£1,80009/250.55 miWoodview, South Hill Road, Bromley, BR22
£1,75012/240.55 miWestmoreland Road Bromley BR22
£1,85008/250.55 miWestmoreland Road, Bromley, BR22
£1,45007/250.56 miBranscombe Court, 109 Westmoreland Road, Bromley, Kent, BR22
£1,75002/250.56 mi-2

Local Area Statistics

Population in BR2

44,903

Nearest school

0.40 miles away

Nearest train station

0.75 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £315,000

February 16, 2025

Listed for £325,000

November 25, 2024

Sold for £230,000

2015

Sold for £150,000

2014

Floor Plans

Property image

Description

  • CHAIN FREE +
  • INCLUDES GARAGE WITH PARKING SPACE +
  • EXTENDED LEASE FOR FLAT AND GARAGE OF 131 YEARS +
  • REMODELLED LESS THAN 10 YEARS AGO +
  • REMAINING TIME ON SOME WARRANTIES +
  • FITTED KITCHEN WITH APPLIANCES +
  • MODERN BATHROOM WITH 'P' BATH +
  • 16' x 13' LOUNGE/DINER WITH CENTRAL VIEWS OF GROUNDS +
  • SECURE COMMUNAL GROUNDS WITH LAKE AND SEATING +
  • CLOSE LOCAL SHOPS & BROMLEY SOUTH STATION +

Light and spacious 'Chain Free' two double bedroom split level apartment with fantastic views over the secure communal grounds and lake. The property, which benefits from an extended lease and garage en bloc with parking space to front, is located in the ever popular Fair Acres development close to local shops, schools and Bromley South Station & High Street. The accommodation was remodelled less than ten years ago and still has some warranties in place. There are two double bedrooms with fitted wardrobes, modern bathroom with 'P' bath, fitted kitchen with appliances and 16' x 13' lounge/diner with central views over the secure communal grounds and lake. Ideal apartment to move straight into.

Communal Entrance - Secure entry phone system operated communal entrance with stairs and lift to all floors.

Entrance Hall - 4.29m x 0.91m (14'1 x 3') - Modern hardwood fire door leads into entrance hall with wall mounted secure entry phone handset, storage cupboard with interior socket, wood effect flooring, radiator and 4'11 x 4'9 study/cloaks area.

Bedroom Two - 3.96m x 2.90m (13' x 9'6) - Triple glazed window to rear, coving, radiator and fitted double wardrobe with shelving to side.

Family Bathroom - 2.95m x 1.88m (9'8 x 6'2) - High level triple glazed window to rear, fully tiled walls and ceramic tiled floor. 'P' bath with shower mixer tap and screen, low level WC, pedestal wash hand basin with mono bloc mixer tap, glass shelf and mirrored bathroom cabinet above. Chrome ladder towel warmer, electric shaver point, storage and linen cupboards.

Fitted Kitchen - 4.98m x 1.88m (16'4 x 6'2) - Triple glazed window to rear, coving, ceramic tiled floor, large under stair storage cupboard and wall mounted Vaillant combination boiler. Range of modern cream wall units with under lights, base units with Quartz effect work surfaces over and local tiling. Stainless steel sink with mixer tap and drainer, integrated four ring NEFF gas hob with electric oven below and extractor hood over, Zanussi washing machine and Beko slimline dish washer.

Lounge/Diner - 4.88m x 3.96m (16' x 13') - Triple glazed panoramic picture windows with a central view over the communal grounds and lake. Coving, radiator and wood effect flooring.

Bedroom One - 4.01m x 2.90m (13'2 x 9'6) - Triple glazed window to rear, radiator and range of fitted wardrobes.

Garage En Bloc - Garage en bloc with parking space in front, visible from the rear windows.

Communal Grounds - Well maintained secure communal grounds with central lake, mature shrub beds, laid lawn and seating areas.

Lease & Charges - The lease has been extended and has 131 years, as does the garage The current charges are approximately £216 per month, ground rent is £15 per quarter, ground rent for the garage is £10 per annum. Charges can be paid by monthly direct debit if preferred.

Total Floor Area - The internal area as per the Energy performance certificate is 74sqm (Approx. 796sqft)

Council Tax Band 'C' -

Agent Details

Edmund Estate Agents, Bromley

020 3892 2803

Next Steps?

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