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

Westmoreland Road, Bromley, BR2 0UL - 5 months ago

Leasehold
BTL
ROI: 3%
~61 m²
+8 photos

ValuationUndervalued

Sold Prices£270K - £517.5K
Sold Prices/m²£4K/m² - £6.7K/m²

 

 

Square Metres

~60.94 m²
Price/m²£4.9K/m²

Value Estimate

£307,421
BMV2%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£21,200

Total Cash In

£96,200

 

 

Cash Out

 

Rent Range

£1,500 - £2,000

Rent Estimate

£1,500

Running Costs/mo

£1,258

Cashflow/mo

£243

Cashflow/yr

£2,910

ROI

3%

Gross Yield

6%

Local Sold Prices

35 sold prices from £270K to £517.5K, average is £330K. £4K/m² to £6.7K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£350K10/200.11 mi112, Westmoreland Road, Bromley, Greater London BR2 0UD2
£440K03/210.18 miFlat 3, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH2
£517.5K06/230.18 miFlat 1, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH2
£300K06/210.28 mi3, Kingsleigh Walk, Bromley, Greater London BR2 0YE2
£310K02/210.3 mi24, Stamford Drive, Bromley, Greater London BR2 0XF2
£442.5K02/230.33 mi28a, Durham Avenue, Bromley, Greater London BR2 0QB2
£370K12/200.41 mi12, Brenchley Close, Bromley, Greater London BR2 9DR2
£320K01/210.45 mi47, Whitehaven Close, Bromley, Greater London BR2 0YA2
£310K11/220.45 mi12, Whitehaven Close, Bromley, Greater London BR2 0YA2
£295K03/230.45 mi44, Whitehaven Close, Bromley, Greater London BR2 0YA2
£446.5K06/230.48 mi52, Beadon Road, Bromley, Greater London BR2 9AT2
£370K06/210.53 mi13, Madison Gardens, Bromley, Greater London BR2 0SJ2
£300K08/230.55 miFlat 33, Handel Lodge, Fair Acres, Bromley, Greater London BR2 9BL2
£309K06/210.56 miFlat 6, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£295K07/210.56 miFlat 12, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£290K09/210.57 miFlat 138, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£330K05/230.57 miFlat 146, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£282.5K02/210.57 miFlat 153, Lemare Lodge, Fair Acres, Bromley, Greater London BR2 9BS2
£300K10/210.6 miFlat 121, Elgar Lodge, Fair Acres, Bromley, Greater London BR2 9BP2
£485K03/210.65 mi7b, Church Road, Shortlands, Bromley, Greater London BR2 0HP2
£427.5K02/230.7 mi12, Foxes Dale, Bromley, Greater London BR2 0JS2
£330K07/230.72 mi47c, Ravensbourne Road, Bromley, Greater London BR1 1HW2
£350K04/210.74 mi5, Pump House Close, Bromley, Greater London BR2 0LA2
£423K07/230.74 mi6, Pump House Close, Bromley, Greater London BR2 0LA2
£430K11/220.75 mi52a, Valley Road, Bromley, Greater London BR2 0HD2
£430K06/210.76 mi48a, Valley Road, Bromley, Greater London BR2 0HD2
£302.5K03/210.82 mi4, Glassmill Lane, Bromley, Greater London BR2 0EJ2
£280K08/210.86 mi37a, Martins Road, Bromley, Greater London BR2 0EE2
£335K02/210.88 miFlat 23, Hardwick House, Masons Hill, Bromley, Greater London BR2 9GW2
£395K06/210.88 mi15, Hildenlea Place, Bromley, Greater London BR2 0YH2
£400K06/230.91 miFlat 1, Cranley Court, Beckenham Grove, Bromley, Greater London BR2 0JZ2
£310K02/210.91 miFlat 5, Riverside Court, Vincent Close, Bromley, Greater London BR2 9ED2
£270K10/210.97 miFlat 16, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£287.5K08/230.97 miFlat 15, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£335K08/210.99 mi4a, Shortlands Gardens, Bromley, Greater London BR2 0EA2

Local Rents

38 rents from £1.5K/mo to £2K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,60004/240.11 miWestmoreland Road, Bromley, BR22
£1,60010/240.14 mi-2
£1,80003/240.15 miSouth Hill Road Bromley BR22
£1,80004/240.15 miSouth Hill Road Bromley BR22
£1,60004/240.26 miBodiam Court, Westmoreland Road, Bromley, BR22
£1,65012/240.32 miWestmoreland Road Bromley BR22
£1,65004/240.32 mi-2
£1,65003/240.32 miWestmoreland Road, Bromley, BR22
£1,65004/240.32 miWestmoreland Road, Bromley, BR22
£2,00003/240.37 mi39 Spruce Park, Cumberland Road, Bromley, Kent BR2 0EH2
£1,70003/240.37 miCumberland Road, Bromley, BR22
£1,55004/250.4 mi-2
£1,65003/240.42 mi-2
£1,60003/240.42 miWestmoreland Road, Bromley, BR22
£1,85003/240.43 miShortlands, Bromley, BR22
£1,50004/240.45 miWhitehaven Close, Westmoreland Road, BR22
£1,65004/240.45 miWhitehaven Close, Bromley South, BR22
£1,75012/240.46 mi-2
£1,60003/240.47 miThe Birches, Durham Road, Bromley, BR22
£1,75002/250.47 mi-2
£1,75012/240.48 mi-2
£1,80003/240.48 miWhitehaven Close, Bromley, BR22
£1,75012/240.49 miWestmoreland Road Bromley BR22
£1,65003/240.53 miFairacres, Bromley2
£1,59503/240.55 miFair Acres, Bromley2
£1,50001/240.56 mi-2
£1,80010/230.56 mi-2
£1,90012/240.56 mi-2
£1,90010/240.56 mi-2
£1,80004/240.56 miFair Acres, London, BR22
£1,50003/240.56 miFair Acres, Bromley2
£1,60004/240.56 miKingswood Road, Bromley, London, BR22
£1,90003/240.58 mi-2
£1,90003/240.58 mi-2
£1,90003/240.58 mi-2
£1,90003/240.58 miQueen Anne Avenue, Bromley, BR22
£2,00003/250.58 mi-2
£1,55004/250.6 mi-2

Local Area Statistics

Population in BR2

44,903

Nearest school

0.30 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £300,000

February 8, 2025

Listed for £325,000

November 26, 2024

Floor Plans

Description

  • Two Double bedrooms +
  • Second Floor Apartment +
  • Secure entry system +
  • Communal Gardens +
  • Garage en bloc +
  • No onward Chain +
  • Nearby local amenities +
  • EPC rating D +

Guide Price £300,000- £325,000. This two double bedroom second floor purpose built apartment has the additional benefit of a family bathroom and additional guest cloakroom. Ideally located for Bromley South station and local shops.
The property benefits from stunning communal gardens and a garage en bloc.

Agent Details

Kinleigh Folkard & Hayward - Sales, Bromley

020 3835 6379

Next Steps?

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