3 Bed Terraced House, Refurb/BRRR, Beckenham, BR3 4HW, £650,000

Belmont Road, Beckenham, BR3 4HW - 1 views - 4 months ago

Sold STC
Refurb/BRRR
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£465K - £980K
Sold Prices/m²£4.9K/m² - £8K/m²

 

 

Square Metres

~93 m²
Price/m²£7K/m²

Value Estimate

£578,547

 

 

End Value (After Refurb)

£677,500

Uplift in Value

+0%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£162,500

Stamp Duty & Legal Fees

£42,700

Refurb Costs

£49,200

Bridging Loan Interest

£17,063

Total Cash In

£273,213

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£677,500

Mortgage (After Refinance)

£508,125

Mortgage LTV

75%

Cash Released

£20,625

Cash Left In

£252,588

Equity

£169,375

Rent Range

£1,795 - £3,200

Rent Estimate

£2,336

Running Costs/mo

£2,604

Cashflow/mo

£-268

Cashflow/yr

£-3,221

Gross Yield

4%

Local Sold Prices

50 sold prices from £465K to £980K, average is £650.5K. £4.9K/m² to £8K/m², average is £6.4K/m².

PriceDateDistanceAddressBeds 
£620K05/230.05 mi28, Gowland Place, Beckenham, Greater London BR3 4HS3
£475K02/210.06 mi6, Yew Tree Road, Beckenham, Greater London BR3 4HT3
£625K09/210.09 mi27, Colesburg Road, Beckenham, Greater London BR3 4HP3
£605K05/230.09 mi13, Colesburg Road, Beckenham, Greater London BR3 4HP3
£650K12/200.09 mi15, Colesburg Road, Beckenham, Greater London BR3 4HP3
£550K01/210.09 mi43, Colesburg Road, Beckenham, Greater London BR3 4HP3
£600K03/210.09 mi52, Durban Road, Beckenham, Greater London BR3 4EZ3
£685K07/230.09 mi12, Durban Road, Beckenham, Greater London BR3 4EZ3
£735K02/210.17 mi11, Hampden Avenue, Beckenham, Greater London BR3 4HA3
£617.5K12/200.18 mi227, Croydon Road, Beckenham, Greater London BR3 3PT3
£600K09/210.18 mi26b, Hayne Road, Beckenham, Greater London BR3 4JA3
£583K11/200.18 mi26c, Hayne Road, Beckenham, Greater London BR3 4JA3
£807.5K07/230.19 mi21, Hampden Road, Beckenham, Greater London BR3 4HD3
£980K06/230.25 mi78, Village Way, Beckenham, Greater London BR3 3NR3
£622.5K03/210.28 mi111, Village Way, Beckenham, Greater London BR3 3NJ3
£840K01/210.28 mi71, Village Way, Beckenham, Greater London BR3 3NJ3
£810K06/210.28 mi65, Village Way, Beckenham, Greater London BR3 3NJ3
£730K03/210.28 mi60, Bramerton Road, Beckenham, Greater London BR3 3PD3
£825K08/210.29 mi89, Clock House Road, Beckenham, Greater London BR3 4JU3
£675K09/210.29 mi11, Gordon Road, Beckenham, Greater London BR3 3QE3
£815K12/220.29 mi30, Village Way, Beckenham, Greater London BR3 3NP3
£850K04/230.3 mi27, Broomfield Road, Beckenham, Greater London BR3 3QB3
£576K10/210.33 mi124, Clock House Road, Beckenham, Greater London BR3 4JX3
£583K05/230.34 mi14, Whitstable Close, Beckenham, Greater London BR3 4TZ3
£620K06/230.34 mi1, Whitstable Close, Beckenham, Greater London BR3 4TZ3
£750K12/200.34 mi7, Coopers Mews, Beckenham, Greater London BR3 1AJ3
£740K11/210.35 mi12, Birchwood Avenue, Beckenham, Greater London BR3 3PZ3
£700K12/200.36 mi15, Birchwood Avenue, Beckenham, Greater London BR3 3PY3
£870K12/200.37 miGround Floor Flat, 37, Sidney Road, Beckenham, Greater London BR3 4PX3
£710K02/210.37 mi15, Sidney Road, Beckenham, Greater London BR3 4PX3
£820K12/200.37 mi14, Kendall Road, Beckenham, Greater London BR3 4PZ3
£528K03/210.37 mi3, St James's Avenue, Beckenham, Greater London BR3 4HF3
£520K03/210.37 mi24, St James's Avenue, Beckenham, Greater London BR3 4HG3
£730K03/210.38 mi135, Village Way, Beckenham, Greater London BR3 3NL3
£635K08/230.39 mi152, Clock House Road, Beckenham, Greater London BR3 4LA3
£465K12/210.39 mi6, Kendall Avenue, Beckenham, Greater London BR3 4QB3
£625K06/210.4 mi12, Chaffinch Road, Beckenham, Greater London BR3 4LU3
£651K07/230.4 mi18, Chaffinch Road, Beckenham, Greater London BR3 4LU3
£617.5K09/210.41 mi53, Glanfield Road, Beckenham, Greater London BR3 3JT3
£865K07/230.42 mi40, The Drive, Beckenham, Greater London BR3 1EQ3
£530K12/200.42 mi50, Vicarage Drive, Beckenham, Greater London BR3 1JW3
£556K05/230.42 mi25, Cherry Tree Walk, Beckenham, Greater London BR3 3PF3
£500K06/210.42 mi58, Turners Meadow Way, Beckenham, Greater London BR3 4TG3
£700.3K12/210.43 mi40, Glanfield Road, Beckenham, Greater London BR3 3JU3
£775K09/230.43 mi38, Glanfield Road, Beckenham, Greater London BR3 3JU3
£665K11/220.43 mi69, Chaffinch Road, Beckenham, Greater London BR3 4LX3
£675K04/230.43 mi3, Florence Road, Beckenham, Greater London BR3 4QX3
£535K12/200.43 mi3, Florence Road, Beckenham, Greater London BR3 4QX3
£675K12/200.43 mi148, Village Way, Beckenham, Greater London BR3 3PH3
£610K02/230.44 mi18, Churchfields Road, Beckenham, Greater London BR3 4QW3

Local Rents

21 rents from £1.8K/mo to £3.2K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£2,25003/240.08 miColesburg Road, Beckenham, BR33
£2,50003/240.09 miDurban Road, Beckenham, BR33
£3,00002/240.18 mi-3
£3,20001/250.18 mi-3
£2,20004/240.46 miLea Road, Beckenham, BR33
£2,65003/240.46 miClock House Road, Beckenham, Kent, BR33
£2,50010/230.49 miStanmore Terrace, Beckenham, BR33
£2,00004/240.49 miGlanfield Road, Beckenham, BR33
£2,25002/250.51 mi-3
£2,50004/240.54 miMackenzie Road, Beckenham, BR33
£2,50004/240.54 miMackenzie Road, Beckenham, BR33
£2,25005/240.54 miBlandford Road, Beckenham3
£1,80005/240.55 miHigh Street, Beckenham3
£2,50003/240.57 miBeck Lane Beckenham BR33
£2,00003/240.58 mi-3
£2,50003/240.6 miRectory Road, Beckenham3
£2,50004/240.6 miRectory Road, Beckenham3
£2,35005/240.61 miLangley Road, Beckenham3
£1,79503/240.61 mi-3
£1,79503/240.61 mi-3
£2,10003/240.62 miBirkbeck Road, Beckenham, BR33

Local Area Statistics

Population in BR3

47,386

Population in Beckenham

47,411

Town centre distance

0.34 miles away

Nearest school

0.10 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

Price changed to £650,000

January 23, 2025

Listed for £675,000

December 26, 2024

Floor Plans

Description

  • Three Bedroom Family Home +
  • Two Reception Rooms +
  • 1047 SQ FT +
  • Further Potential to Extend (STPP) +
  • Quiet Residential Road +
  • 0.5 miles to Beckenham High Street +
  • 1 Mile to Beckenham Junction +
  • 91' South Easterly Facing Rear Garden +

Located on this quiet residential road just a short distance from Beckenham High Street this three bedroom family home is in need of some modernisation but offers excellent potential to extend and develop as we note many other properties in the area have done. The accommodation of some 1047 sq ft comprises as follows; to the ground floor, entrance hall, bay fronted reception room, dining room with access internally to the original external W.C, kitchen and conservatory. To the first floor are to be found three bedrooms and the family bathroom, off a central landing. Externally the rear garden extends to approximately 91’ and is mostly laid to lawn with a small paved patio area. To the front of the property is a low maintenance garden with some mature shrubs and paving. In our opinion there is potential to extend to the rear (as the neighbouring property has done) and also into the loft (STPP). Situated opposite Croydon Road Recreation Ground and half a mile from Beckenham High Street and a mile from Beckenham Junction, this property offers an ideal location with numerous recreation facilities in close proximity and Beckenham High Street with its host of cafe’s, restaurants, bars and shopping facilities. Additionally there are a number of popular schools catering for primary and secondary, private and state. We strongly advise your internal inspection to appreciate the property on offer.

EPC Rating: D

Agent Details

Goatley Hirst Ltd, Bromley

020 3909 9785

Next Steps?

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