2 Bed Flat, Refurb/BRRR, Beckenham, BR3 4HY, £295,000

Hayne Road, Beckenham, BR3 4HY - 7 views - 5 months ago

Sold STC
BTL
Refurb/BRRR
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£282.5K - £468K
Sold Prices/m²£4K/m² - £8.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.3K/m²

Value Estimate

£303,850
BMV3%

 

 

End Value (After Refurb)

£438,937

Uplift in Value

+49%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£73,750

Stamp Duty & Legal Fees

£12,300

Refurb Costs

£36,033

Bridging Loan Interest

£7,744

Total Cash In

£131,577

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£438,937

Agent Fees (1%)

£4,389

Bridging Loan

£221,250

Bridging Loan Interest

£7,744

Flip Profit

£81,721

Local Sold Prices

50 sold prices from £282.5K to £468K, average is £373K. £4K/m² to £8.3K/m², average is £5.3K/m².

PriceDateDistanceAddressBeds 
£330K01/210.06 mi9, Embassy Gardens, Beckenham, Greater London BR3 1HE2
£370K09/230.07 mi35, Embassy Gardens, Beckenham, Greater London BR3 1HF2
£326K02/230.07 mi42, Embassy Gardens, Beckenham, Greater London BR3 1HF2
£430K08/230.09 mi16, River Grove Park, Beckenham, Greater London BR3 1HX2
£410K09/210.1 mi55, Rectory Green, Beckenham, Greater London BR3 4HX2
£323.2K10/210.19 miFlat 13, Ightham House, Bethersden Close, Beckenham, Greater London BR3 1PE2
£400K08/230.34 mi12, Parkwood, Beckenham, Greater London BR3 1TR2
£282.5K10/210.35 miFlat 8, Clock House Court, Clock House Road, Beckenham, Greater London BR3 4JR2
£468K07/230.41 mi17a, Clock House Road, Beckenham, Greater London BR3 4JS2
£371K03/210.41 mi28, Silverwood Close, Beckenham, Greater London BR3 1RN2
£375K12/200.41 mi1, Silverwood Close, Beckenham, Greater London BR3 1RN2
£364K08/230.41 miFlat 5, Westwood House, Abbey Park, Beckenham, Greater London BR3 1PL2
£345K01/210.42 miFlat 1, Minster House, Abbey Park, Beckenham, Greater London BR3 1PR2
£350K12/200.43 miFlat 1, Bearstead House, Abbey Park, Beckenham, Greater London BR3 1PP2
£355K12/220.44 mi29, Silverwood Close, Beckenham, Greater London BR3 1RN2
£345K11/200.44 miFlat 1, Boxley House, Abbey Park, Beckenham, Greater London BR3 1PS2
£370K10/230.45 miFlat 7, Malling House, Abbey Park, Beckenham, Greater London BR3 1PZ2
£365K03/210.46 mi29a, Manor Road, Beckenham, Greater London BR3 5JB2
£405K02/210.48 mi6d, Barnmead Road, Beckenham, Greater London BR3 1JE2
£355K06/230.48 miFlat 5, Edden House, Brackley Road, Beckenham, Greater London BR3 1RD2
£417K12/200.5 miFlat 4, Klinton, Copers Cope Road, Beckenham, Greater London BR3 1NR2
£345K01/210.54 mi7, Sutton Close, Beckenham, Greater London BR3 5UG2
£317.5K03/210.54 mi1, Sutton Close, Beckenham, Greater London BR3 5UG2
£310K11/200.55 mi255a, Croydon Road, Beckenham, Greater London BR3 3PS2
£290K08/230.56 mi46, Chislet Close, Beckenham, Greater London BR3 1UB2
£450K06/210.62 mi18, Waylands Mead, Beckenham, Greater London BR3 5XT2
£415K04/210.62 mi33, Waylands Mead, Beckenham, Greater London BR3 5XT2
£360K09/230.63 mi21, Hanson Close, Beckenham, Greater London BR3 1WJ2
£365K03/230.65 mi159, Blandford Road, Beckenham, Greater London BR3 4NG2
£365K06/210.65 miLower Maisonette, 139, Blandford Road, Beckenham, Greater London BR3 4NG2
£375K04/210.67 mi8, Apex Close, Beckenham, Greater London BR3 5TU2
£380K02/210.67 mi6, Apex Close, Beckenham, Greater London BR3 5TU2
£395K03/210.67 mi28, Apex Close, Beckenham, Greater London BR3 5TU2
£375K04/230.67 mi40, Apex Close, Beckenham, Greater London BR3 5TU2
£415K01/230.67 mi17, Apex Close, Beckenham, Greater London BR3 5TU2
£405K05/210.67 mi27, Shannon Way, Beckenham, Greater London BR3 1WG2
£401K05/210.67 mi26, Shannon Way, Beckenham, Greater London BR3 1WG2
£434.5K07/230.67 mi8, Shannon Way, Beckenham, Greater London BR3 1WG2
£320K09/210.68 miFlat 5, Jodie Court, Stevens Close, Beckenham, Greater London BR3 1RT2
£395K03/210.7 mi93, Birkbeck Road, Beckenham, Greater London BR3 4SW2
£400K06/210.72 miFirst Floor Flat, 33, Royston Road, London, Greater London SE20 7QW2
£445K11/210.73 mi13, Lakeside, Beckenham, Greater London BR3 6LX2
£380K03/210.73 mi6, Lakeside, Beckenham, Greater London BR3 6LX2
£435K06/210.75 miFlat 5, Claire Court, Kelsey Park Avenue, Beckenham, Greater London BR3 6ND2
£350K08/230.75 mi39, Lankton Close, Beckenham, Greater London BR3 5DZ2
£375K06/210.76 mi87a, Avenue Road, Beckenham, Greater London BR3 4RX2
£361.5K10/210.76 mi250, Blandford Road, Beckenham, Greater London BR3 4NJ2
£390K05/230.76 mi214, Blandford Road, Beckenham, Greater London BR3 4NJ2
£320K02/210.77 mi1, Clement Road, Beckenham, Greater London BR3 4NT2
£375K08/210.78 mi6, Tennyson Road, London, Greater London SE20 7ND2

Local Rents

50 rents from £1.5K/mo to £2.2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65005/240.04 miHayne Road Beckenham BR32
£1,65010/230.06 miEmbassy Gardens, Beckenham, BR32
£1,75012/240.07 mi-2
£2,00012/240.09 mi-2
£1,55012/240.09 mi-2
£1,90003/240.11 miWooderson Court, 55 Rectory Road, Beckenham, Kent, BR32
£2,09503/250.13 mi-2
£2,09503/250.13 mi-2
£1,70005/240.13 miRectory Road, Beckenham, BR32
£1,70003/240.14 miVicarage Drive, Beckenham, BR32
£1,80003/240.17 miBeckenham Road BR32
£1,80003/240.19 mi-2
£1,80005/240.19 miBeckenham Road, Beckenham, BR32
£1,90003/240.19 miBeckenham Road Beckenham BR32
£1,60003/240.2 miGemma Court (PP305), Beckenham. Kent BR3 4PL2
£1,80004/240.2 miCopers Cope Road Beckenham BR32
£1,85012/240.21 mi-2
£1,70003/240.22 miAdelaide Court, Copers Cope Road, BR32
£1,70003/240.22 miAdelaide Court, Beckenham, BR32
£1,70003/240.22 miCopers Cope Road, BR32
£1,70003/240.22 miCopers Cope Road, Beckenham, BR32
£1,60004/240.22 miCopers Cope Road Beckenham BR32
£1,70002/250.23 mi-2
£1,85001/250.26 mi-2
£1,48003/240.26 miHigh Street, Beckenham, BR32
£2,00012/240.27 mi-2
£2,00002/250.27 mi-2
£1,65010/230.27 miCroydon Road, Beckenham, BR32
£1,70003/240.27 miHayne Road Beckenham BR32
£1,87503/240.29 miBeckenham Road, Beckenham, BR32
£2,00003/240.29 miCopers Cope Road, Beckenham2
£1,70003/240.29 mi-2
£1,70003/240.29 miRegents Court, Beckenham, BR32
£1,70003/240.3 miHigh Street, Beckenham2
£1,80012/240.31 mi-2
£1,80012/240.31 mi-2
£1,85003/240.31 miCopers Cope Road, Beckenham, London, BR32
£1,67502/250.31 mi-2
£1,60005/250.31 mi-2
£1,70004/250.31 mi-2
£1,80003/240.32 miPark Road, Beckenham, BR32
£2,00003/240.32 miLawn Road Beckenham BR32
£2,20003/240.32 miLawn Road Beckenham BR32
£1,80003/240.32 miLawn Road Beckenham BR32
£1,75004/240.32 miLawn Road Beckenham BR32
£2,00004/250.32 mi-2
£1,65005/250.32 mi-2
£1,80005/240.32 mi-2
£1,80003/240.32 miDarwin House, Beckenham, BR32
£2,19504/240.32 miChaffinch Road, Beckenham, BR3 4LT2

Local Area Statistics

Population in BR3

47,386

Population in Beckenham

47,411

Town centre distance

0.58 miles away

Nearest school

0.20 miles away

Nearest train station

0.37 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £295,000

December 6, 2024

Floor Plans

Description

  • Second Floor Flat +
  • Two Bedrooms +
  • Lounge/Diner +
  • Kitchen +
  • Bathroom +
  • Garage +
  • Close to Stations & High Street +
  • Share of Freehold +
  • Needs Modernising +
  • Council Tax Band C +

A spacious second floor purpose built two bedroom flat in the centre of Beckenham within walking distance to Clock House and Beckenham Junction mainline and tram stations and High Street amenities. In need of modernisation, the property comprises spacious lounge, fitted kitchen, bathroom and two double bedrooms. Benefits gas central heating, well maintained communal gardens and lock-up garage en-bloc. An ideal purchase for first time buyers or buy to let investors.

Communal Entrance - Secured communal entrance, stairs to all floors.

Entrance Hall - Hardwood entrance door, storage cupboards, entry phone, carpet flooring.

Lounge/Diner - 4.88m x 3.43m (16' x 11'3") - Window to front, radiator, carpet flooring.

Kitchen - 2.97m x 2.90m (9'9" x 9'6") - Window to side, wall and base units with work surface, integral gas hob with electric oven below, extractor hood, stainless steel sink with mixer tap, space for fridge freezer and washing machine, wall mounted boiler, laminate wood flooring.

Bedroom One - 3.53m x 3.05m (11'7" x 10'0") - Window to front, radiator, built in wardrobe with sliding doors, carpet flooring.

Bedroom Two - 4.27m x 2.18m (14' x 7'2) - Window to front, radiator, built in wardrobe with sliding doors, carpet flooring.

Bathroom - Panelled bath with mixer tap, low level w/c, wash hand basin, cupboard housing water tanks, tiled walls, tiled flooring.

Communal Garden - Well maintained communal gardens to front and rear.

Parking - Garage en-bloc with up and over door.

Lease Details - Lease: Share of Freehold - A 99 Years Lease was created in March 1979 (54 yeras remaining)
Service Charge: Approx. £1,476.25 Per Annum
Ground Rent: N/A

Council Tax - Bromley London Borough Council
Band C - Approx. £1733.07 Per Annum

Agent Details

Elite & Co, Beckenham

020 7046 0584

Next Steps?

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