2 Bed Flat, Single Let, Bromley, BR1 3SJ £325,000

45 Oaklands Road, Bromley, BR1 3SJ - a year ago
Sold STC
Leasehold
BTL
ROI: 2%
~72 m²
Property image

ValuationUndervalued

Sold Prices£180K - £500K
Sold Prices/m²£4K/m² - £10.4K/m²

 

 

Square Metres

~72.10 m²
Price/m²£4.5K/m²

Value Estimate

£374,104
BMV15%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£23,700

Total Cash In

£104,950

 

 

Cash Out

 

Rent Range

£900 - £3,000

Rent Estimate

£1,500

Running Costs/mo

£1,336

Cashflow/mo

£164

Cashflow/yr

£1,973

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £180K to £500K, average is £368.3K. £4K/m² to £10.4K/m², average is £5.5K/m².

Price
Date
Distance
Address
Beds
 
£310K12/240.09 mi9 Inglewood Court, Flat 9, Oaklands Road, Bromley BR1 3SJ2
£325K08/250.13 miFlat 9, 30 Bromley Court Flats, Oaklands Road, Bromley BR1 3SL2
£307.5K06/250.14 mi45, Oaklands Road, Bromley BR1 3SJ2
£325.3K03/230.17 mi98a, London Road, Bromley, Greater London BR1 3RL2
£350K07/230.22 miFlat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF2
£312.5K07/250.23 miFlat 24, 21 Redlands Court, London Lane, Bromley BR1 4HB2
£370K02/250.25 mi38d, Madeira Avenue, Bromley BR1 4AY2
£475K12/240.3 mi14, Flat 5, Highland Road, Bromley BR1 4AD2
£245K03/250.34 mi91, Hope Park, Bromley BR1 3RG2
£320K03/250.34 mi64, London Road, Bromley BR1 3QZ2
£310K06/210.34 mi31, Weston Road, Bromley, Greater London BR1 3RH2
£223K04/230.38 mi85, Howard Road, Bromley, Greater London BR1 3QQ2
£375K05/250.39 miFlat 4, 4, Blyth Road, Bromley BR1 3RX2
£375K05/250.39 miFlat 4, 4, Blyth Road, Bromley BR1 3RX2
£328K12/240.4 mi58a, Morgan Road, Bromley BR1 3QF2
£370K01/250.47 mi6, Flat 2, Farnaby Road, Bromley BR1 4BJ2
£500K03/250.48 miFlat 1, 23, Hammelton Road, Bromley BR1 3PZ2
£435K06/210.49 mi27a, Meadow Road, Bromley, Greater London BR2 0DX2
£335K08/210.49 mi4a, Shortlands Gardens, Bromley, Greater London BR2 0EA2
£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
£325K01/250.57 mi47 Warwick Court, Flat 6, Park Hill Road, Shortlands, Bromley BR2 0LB2
£375K05/230.58 mi5, West Oak, Beckenham, Greater London BR3 5EZ2
£368.3K05/250.59 mi6, Hill House, Hill House Mews, Bromley BR2 0DE2
£368.3K05/250.59 mi6, Hill House, Hill House Mews, Bromley BR2 0DE2
£377.5K03/250.59 mi13a, Glebe Road, Bromley BR1 3NT2
£290K04/250.6 miFlat 6, 5 Glebe Knoll, Beckenham Lane, Bromley BR2 0DA2
£450K03/250.6 miFlat 1, 5 Glebe Knoll, Beckenham Lane, Bromley BR2 0DA2
£290K04/250.6 miFlat 6, 5 Glebe Knoll, Beckenham Lane, Bromley BR2 0DA2
£280K08/210.63 mi37a, Martins Road, Bromley, Greater London BR2 0EE2
£437.5K03/250.64 miFlat 6, 51 Magnolia Court, The Avenue, Beckenham BR3 5EE2
£350K03/250.66 mi6, 54 Coniston Court, Foxgrove Road, Beckenham BR3 5DD2
£180K08/230.66 mi7, Brook Lane, Bromley, Greater London BR1 4PU2
£360K02/250.66 miSt James Court, Flat 4, Edison Road, Bromley, Greater London BR2 0EZ2
£407.5K08/250.66 mi11, Dairy Close, Bromley BR1 4DW2
£365K03/230.68 mi29a, Lansdowne Road, Bromley, Greater London BR1 3PG2
£395K06/210.68 mi15, Hildenlea Place, Bromley, Greater London BR2 0YH2
£300K03/250.69 miFlat 18, Beeches Court, Avondale Road, Bromley BR1 4ER2
£460K06/250.7 mi5, 72 Sandford Close, The Avenue, Beckenham BR3 5ES2
£460K06/250.7 mi5, 72 Sandford Close, The Avenue, Beckenham BR3 5ES2
£287.5K04/250.71 mi14, Nesbit Court, Medhurst Drive, Bromley BR1 4TL2
£400K12/240.71 mi1 Luca Court, Flat 6, Mays Hill Road, Shortlands, Bromley BR2 0AP2
£378K05/250.71 miFlat 5, 9 Squirrels Drey, Park Hill Road, Shortlands, Bromley BR2 0JX2
£378K05/250.71 miFlat 5, 9 Squirrels Drey, Park Hill Road, Shortlands, Bromley BR2 0JX2
£390K06/250.71 miFlat 5, 70 Carey Court, The Avenue, Beckenham BR3 5ES2
£390K06/250.71 miFlat 5, 70 Carey Court, The Avenue, Beckenham BR3 5ES2
£430K06/210.72 mi48a, Valley Road, Bromley, Greater London BR2 0HD2
£390K03/250.73 miFlat 55, Northpoint, Sherman Road, Bromley BR1 3JN2
£430K11/220.73 mi52a, Valley Road, Bromley, Greater London BR2 0HD2
£423K07/230.75 mi6, Pump House Close, Bromley, Greater London BR2 0LA2

Local Rents

50 rents from £900/mo to £3K/mo, average is £1.7K/mo.

Rent
Date
Distance
Address
Beds
 
£1,70003/240.04 miPalisade Court, 14 Oaklands Road, BROMLEY, BR12
£1,60010/250.05 miBeaconshaw, 11 Oaklands Road, Bromley, Kent, BR13TW2
£1,52508/250.05 miOaklands Road, Bromley, BR12
£1,75010/250.1 miCedarhurst, Elstree Hill, Bromley, BR12
£1,75011/250.1 miCedarhurst, Elstree Hill, Bromley, BR12
£1,65004/240.1 mi-2
£1,65003/240.1 miCedarhurst, Bromley, BR12
£1,85006/250.12 miLondon Road, Bromley, BR12
£1,85010/250.12 miLondon Road, Bromley, BR12
£1,75009/250.12 mi-2
£1,90011/250.12 mi-2
£1,70007/250.12 miOaklands Road, Bromley, BR12
£1,60011/250.13 miLondon Road, Bromley, Kent, BR12
£1,75010/250.13 miWolsey Court, London Road, Bromley, Kent, BR12
£1,70010/250.14 miOaklands Court (PP476), Bromley, BR12
£3,00002/250.15 mi-2
£2,75005/250.15 mi-2
£1,55007/250.17 miGlen Court, Grasmere Road, BROMLEY, BR12
£1,57503/240.19 mi-2
£1,50003/240.19 mi-2
£1,50003/240.19 miMavery Court, Bromley, BR12
£1,65003/240.19 miLondon Lane, Bromley, BR12
£1,50007/250.21 miGrasmere Road, Bromley, Kent, BR12
£1,50009/250.21 miGrasmere Road, Bromley, Kent, BR12
£2,00009/250.21 miGrasmere Road, Bromley, BR12
£1,85009/250.21 miGrasmere Road, Bromley, BR12
£1,69509/250.21 miGrasmere Road Bromley BR12
£1,70008/250.23 mi-2
£1,60010/240.25 miBromley Hill, Bromley, BR12
£1,80003/250.26 mi-2
£2,00010/250.26 mi-2
£2,20011/250.26 mi-2
£2,10011/250.26 mi-2
£1,65009/250.26 miHighland Road, Bromley, BR12
£1,89506/250.27 miMadeira Avenue Bromley BR12
£90012/240.28 mi-2
£1,75006/250.3 miHighland Road, Bromley, BR12
£1,70002/250.3 mi-2
£1,50007/250.33 miPark End, Bromley, BR12
£1,50007/250.33 miPark End, Bromley, BR12
£1,50007/250.33 mi-2
£1,50003/240.33 mi-2
£1,60011/250.33 miWeston Road, Bromley, Bromley, BR12
£1,60011/250.33 miWeston Road, Bromley, Bromley, BR12
£1,65006/250.34 mi-2
£1,75005/250.34 miWeston Road, Bromley, BR12
£1,70001/250.34 mi-2
£1,70002/250.34 mi-2
£1,95011/250.34 miPark End, Bromley, BR12
£1,55003/240.35 miBromley Hill, Bromley, London, BR12

Local Area Statistics

Population in BR1

55,931

Population in Bromley

55,947

Town centre distance

1.32 miles away

Nearest school

0.40 miles away

Nearest train station

0.48 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £325,000

February 12, 2025

Listed for £350,000

December 4, 2024

Floor Plans

Property image

Description

  • SPACIOUS TOP FLOOR BALCONY FLAT +
  • TWO DOUBLE BEDROOMS WITH BUILT IN WARDROBES +
  • 18' LOUNGE WITH PRIVATE BALCONY +
  • GOOD SIZE FITTED KITCHEN +
  • BATHROOM WITH SHOWER OVER THE BATH +
  • USEFUL UTILITY/STORAGE CUPBOARD +
  • GARAGE AT REAR ** SMALL PURPOSE BUILT BLOCK +
  • WALKING DISTANCE TO TOWN CENTRE/SHOPS +
  • CHAIN FREE SALE +

Maguire Baylis are delighted to present to the market this bright & spacious top floor balcony apartment, offering two good size double bedrooms and situated in a highly sought-after road, with easy access to Bromley town centre.

This super apartment, which is offered for sale on a chain free basis, comprises a large entrance hallway leading to an impressive living room with private balcony to the front. Both of the bedrooms are of a generous double size and feature built-in wardrobes. There is a separate 14' fitted kitchen, plus a useful built-in utility/storage cupboard with space for the washing machine. The bathroom provides a bath with a fitted shower over.

This small, private block is well maintained and features an area of communal garden to the rear.

With easy access to Bromley town centre, local amenities and transport links, this property is an excellent choice for those seeking a comfortable and convenient lifestyle..

Communal Hall - Stairs to top (second) floor.

Hallway - 3.91m x 1.55m (12'10 x 5'1) - A spacious and welcoming entrance hallway with useful built-in storage cupboard; radiator.

Lounge - 5.49m x 3.61m (18' x 11'10) - Double glazed sliding doors to balcony at front; radiator; deep useful utility/storage cupboard housing gas combi boiler and space for washing machine.

Kitchen - 4.29m x 2.44m (14'1 x 8') - Double glazed windows to front & side; fitted range of wall and base units with worktops to two walls; inset stainless steel sink; radiator. Appliances to remain.

Bedroom 1 - 3.61m x 3.58m (11'10 x 11'9) - Double glazed window to rear; radiator; built-in wardrobes.

Bedroom 2 - 3.61m x 2.79m (11'10 x 9'2) - Double glazed window to rear; radiator; built-in wardrobe.

Bathroom - Double glazed window to side; suite comprising panelled bath with mixer tap/shower attachment and glass shower screen; pedestal wash basin; WC; radiator; fully tiled walls.

Gardens - Communal garden to rear; mainly lawn.

Garage - Single garage at rear.

Lease & Maintenance - LEASE - Approx 113 years remaining

MAINTENANCE - Currently £2750 pa. the vendor has advised that service charge costs are included up until November '25. We are also advised that the costs are currently higher than normal as the residents are building up the sinking fund which currently stands at £16,000.

GROUND RENT - £200 pa

Council Tax - London Borough of Bromley - Band D

Location - What3words: ///flank.giving.hello

Agent Details

Maguire Baylis, Bromley

020 8464 9952

Next Steps?

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