3 Bed Flat, Refurb/BRRR, Beckenham, BR3 1RQ, £350,000

Brackley Road, Beckenham, BR3 1RQ - 8 views - 5 months ago

Leasehold
Refurb/BRRR
ROI: 1%
~93 m²
+7 photos

ValuationFair Value

Sold Prices£100K - £800K
Sold Prices/m²£3K/m² - £10.2K/m²

 

 

Square Metres

~93 m²
Price/m²£3.8K/m²

Value Estimate

£353,500

 

 

End Value (After Refurb)

£505,096

Uplift in Value

+44%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Refurb Costs

£49,200

Bridging Loan Interest

£9,188

Total Cash In

£164,338

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£505,096

Agent Fees (1%)

£5,051

Bridging Loan

£262,500

Bridging Loan Interest

£9,188

Flip Profit

£73,207

Local Sold Prices

50 sold prices from £100K to £800K, average is £425K. £3K/m² to £10.2K/m², average is £5K/m².

PriceDateDistanceAddressBeds 
£710K06/210.22 miFlat 1, Gallery House, Copers Cope Road, Beckenham, Greater London BR3 1DQ3
£280K12/200.37 mi16, Hackington Crescent, Beckenham, Greater London BR3 1RZ3
£527.5K09/210.46 mi11, Beckett Walk, Beckenham, Greater London BR3 1JH3
£625K06/210.47 miFlat 5, Foxgrove House, Foxgrove Road, Beckenham, Greater London BR3 5AR3
£400K05/210.57 mi10, Rectory Green, Beckenham, Greater London BR3 4HX3
£315K04/230.76 mi1, Elfrida Crescent, London, Greater London SE6 3EP3
£572.5K02/230.79 miFlat 4, Park View House, Westgate Road, Beckenham, Greater London BR3 5DF3
£550K02/230.82 miFlat 1, Wonham Court, The Knoll, Beckenham, Greater London BR3 5JR3
£355K11/230.92 miFlat 4, Hall House, Bailey Place, London, Greater London SE26 5NU3
£377.5K08/210.93 miFlat 6, Deans House, Newlands Park, Sydenham, London, Greater London SE26 5NT3
£345K02/210.94 mi34, Queen Adelaide Road, London, Greater London SE20 7DX3
£535K03/230.95 mi97, Birkbeck Road, Beckenham, Greater London BR3 4SW3
£375K02/230.99 mi1, Barson Close, London, Greater London SE20 7HR3
£465K02/211.01 mi11b, Wiverton Road, London, Greater London SE26 5JA3
£510K06/211.04 mi102, Byne Road, London, Greater London SE26 5JD3
£500K01/211.05 mi10a, Franklin Road, London, Greater London SE20 8HW3
£234.2K03/211.06 miFlat 25, Deverill Court, Avenue Road, London, Greater London SE20 7RZ3
£465K04/211.07 mi5a, Niederwald Road, London, Greater London SE26 4AD3
£327.5K06/211.09 miFirst Floor Flat, 37, Homecroft Road, London, Greater London SE26 5QN3
£575K03/211.1 mi55a, Venner Road, London, Greater London SE26 5EJ3
£560K03/211.1 mi47a, Venner Road, London, Greater London SE26 5EJ3
£561K12/231.11 mi106b, Venner Road, London, Greater London SE26 5HR3
£800K09/211.16 miFlat 6, Aaron Court, Kelsey Park Avenue, Beckenham, Greater London BR3 6UN3
£766.3K02/211.16 miFlat 3, Aaron Court, Kelsey Park Avenue, Beckenham, Greater London BR3 6UN3
£302K08/231.19 miFlat 15, Wandle House, Brangbourne Road, Bromley, Greater London BR1 4LY3
£350K06/211.21 mi153a, Croydon Road, Beckenham, Greater London BR3 3QH3
£302.5K11/211.25 miFlat 98, Passfields, Bromley Road, London, Greater London SE6 2RF3
£417K02/231.26 miFlat 23, Coniston Court, Springfield Road, London, Greater London SE26 6HF3
£425K04/231.26 miFlat 11, Coniston Court, Springfield Road, London, Greater London SE26 6HF3
£495K09/211.29 mi18, Kinver Road, London, Greater London SE26 4NT3
£640K12/201.31 mi13, Peak Hill Avenue, London, Greater London SE26 4LG3
£470K09/211.34 mi65, Peak Hill, London, Greater London SE26 4NS3
£420K09/231.35 mi6a, Hall Drive, London, Greater London SE26 6XB3
£410K01/231.37 mi1a, Lawrie Park Avenue, London, Greater London SE26 6HA3
£365K09/211.37 mi31, Cornish Grove, London, Greater London SE20 8RB3
£317.5K02/211.39 mi8, Polecroft Lane, London, Greater London SE6 4EF3
£280K06/211.39 mi48, Polecroft Lane, London, Greater London SE6 4EF3
£305K06/211.39 mi26, Polecroft Lane, London, Greater London SE6 4EF3
£425K11/201.39 mi27a, Worbeck Road, London, Greater London SE20 7SW3
£507.5K12/201.41 mi46, Peak Hill, London, Greater London SE26 4LR3
£355K11/211.41 mi23, Trenholme Terrace, London, Greater London SE20 8PW3
£535K02/211.43 mi49d, Anerley Park, London, Greater London SE20 8NQ3
£100K06/231.44 miFlat 2, Bettswood Court, Anerley Road, London, Greater London SE20 8EH3
£510K12/201.45 mi9b, Aylward Road, London, Greater London SE23 2JE3
£528K02/231.45 mi29, Castledine Road, London, Greater London SE20 8PL3
£405K10/231.46 miFlat 2, Hurst House, Chulsa Road, London, Greater London SE26 6DA3
£410K07/231.46 miFlat 9, Hurst House, Chulsa Road, London, Greater London SE26 6DA3
£340K11/211.46 miFlat 3, Laurel House, Bromley Road, Shortlands, Bromley, Greater London BR2 0AH3
£445.5K12/201.46 mi26, Samos Road, Anerley, London, Greater London SE20 7TU3
£442.2K02/211.46 mi40a, Samos Road, London, Greater London SE20 7TU3

Local Rents

22 rents from £1.8K/mo to £2.9K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,20004/240.15 miLawn Road Beckenham BR33
£2,60003/240.24 miBridgelands Close Beckenham BR33
£1,90003/240.27 mi-3
£2,10012/240.27 mi-3
£1,80005/240.28 miCopers Cope Road Beckenham BR33
£2,50003/240.28 mi-3
£2,50003/240.28 miAlton Gardens, Beckenham, BR33
£1,80003/240.37 miHackington Crescent, BR33
£1,75003/240.37 miHackington Crescent Beckenham BR33
£1,97503/240.37 miSouthend Road, Beckenham, BR33
£1,75003/240.37 miWorsley Bridge Road, BR33
£1,95003/240.4 miSouth Park Court, Park Road, Beckenham, BR3 1PH3
£1,80003/240.4 mi-3
£2,50003/240.5 miRectory Road, Beckenham3
£2,50004/240.5 miRectory Road, Beckenham3
£2,90004/250.51 mi-3
£1,85012/240.53 miRectory Road, Beckenham, BR33
£1,95008/240.55 miMontana Gardens, Sydenham, SE263
£2,10010/240.55 mi-3
£2,20009/240.55 miMontana Gardens, London, SE263
£2,75003/240.55 miFoxgrove Road Beckenham BR33
£2,75003/240.55 miQueens Court, Foxgrove Road, Beckenham, Kent, BR33

Local Area Statistics

Population in BR3

47,386

Population in Beckenham

47,411

Town centre distance

1.02 miles away

Nearest school

0.20 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £350,000

December 5, 2024

Floor Plans

Description

PUBLIC NOTICE:
Any interested parties must submit any higher offers in writing to the selling agent before an exchange of contracts takes place
EPC Rating: D

Spacious 3-Bedroom Ground Floor Flat with Garage and Communal Gardens
Welcome to this generously proportioned three double-bedroom ground floor flat, offering an exceptional opportunity to create your dream home. Located on a popular road, this property is a large blank canvas requiring modernisation, allowing you to design and renovate to your personal taste.

Key Features:

Three Double Bedrooms: Each bedroom provides ample space and natural light, perfect for family living or as guest accommodations.

Separate Bathroom and Toilet: The property features a separate bathroom and toilet, providing convenience for busy households.

Separate Kitchen: The well-sized kitchen offers potential for a stylish and functional cooking space, with room for modern appliances and plenty of storage.

Spacious Entrance Hall: The large entrance hall adds to the sense of space and versatility, serving as a welcoming area with potential for additional storage or display.

Communal Gardens: Enjoy access to beautifully maintained communal gardens, perfect for relaxation and outdoor activities.

Garage and Parking: The property includes a garage, offering secure parking or additional storage, as well as off-street parking spaces.

Location:

This flat is situated in a highly sought-after area, close to a variety of local amenities. Just a short walk away, you’ll find a bustling high street with an array of shops, cafes, and restaurants. The property is also conveniently located near two railway stations, providing direct access to London, making it ideal for commuters.

For leisure and recreation, the nearby Beckenham Place Park offers stunning green spaces, walking trails, and a range of outdoor activities.

Potential:

While the flat requires modernisation throughout, it represents an exciting opportunity for buyers to add value and personalize every aspect of this spacious property. Whether you're looking to create a stylish contemporary home or maintain classic features, this flat offers endless possibilities.

Don’t miss out on this fantastic opportunity to transform this property into your perfect home. Schedule a viewing today to fully appreciate the potential and convenience this flat offers.

Agent Details

Mann, Beckenham

020 3834 7947

Next Steps?

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