2 Bed Flat, Single Let, BR2 9GA £375,000

Wheeler Place, Bromley, Kent, BR2 9GA - a year ago
Leasehold
BTL
ROI: 1%
~78 m²
Property image

ValuationFair Value

Sold Prices£112.5K - £517.5K
Sold Prices/m²£1.8K/m² - £7K/m²

 

 

Square Metres

~77.57 m²
Price/m²£4.8K/m²

Value Estimate

£372,492

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£28,700

Total Cash In

£122,450

 

 

Cash Out

 

Rent Range

£1,565 - £2,500

Rent Estimate

£1,650

Running Costs/mo

£1,522

Cashflow/mo

£128

Cashflow/yr

£1,538

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £112.5K to £517.5K, average is £339.3K. £1.8K/m² to £7K/m², average is £4.8K/m².

Price
Date
Distance
Address
Beds
 
£412.5K03/250.03 mi12a, 42 Axiom Apartments, Sparkes Close, Bromley BR2 9BU2
£112.5K12/240.07 miHardwick House, Flat 57, Masons Hill, Bromley BR2 9GW2
£365K01/250.13 mi28c, Langdon Road, Bromley BR2 9JS2
£330.5K04/250.24 miFlat 2, 4, Hayes Lane, Hayes, Bromley BR2 9EB2
£330.5K04/250.24 miFlat 2, 4, Hayes Lane, Hayes, Bromley BR2 9EB2
£368K12/240.26 mi48 Berkeley Court, Flat 12, Masons Hill, Bromley BR2 9JG2
£285K09/210.28 miFlat 27, Gainsborough Court, Homesdale Road, Bromley, Greater London BR2 9NB2
£300K12/210.3 mi55, Woldham Road, Bromley, Greater London BR2 9LA2
£400K03/250.31 miApartment 7, 7 Dewey Court, St Mark's Square, Bromley BR2 9UZ2
£330K07/230.4 mi47c, Ravensbourne Road, Bromley, Greater London BR1 1HW2
£310K11/220.41 mi12, Whitehaven Close, Bromley, Greater London BR2 0YA2
£295K03/230.41 mi44, Whitehaven Close, Bromley, Greater London BR2 0YA2
£446.5K06/230.43 mi52, Beadon Road, Bromley, Greater London BR2 9AT2
£154.6K06/230.43 mi148, Homesdale Road, Bromley, Greater London BR2 9LH2
£330K12/240.44 mi5, Ethelbert Close, Bromley BR1 1JB2
£370K06/210.48 mi13, Madison Gardens, Bromley, Greater London BR2 0SJ2
£440K05/250.56 mi28, Spruce Park, Cumberland Road, Shortlands, Bromley BR2 0EH2
£440K05/250.56 mi28, Spruce Park, Cumberland Road, Shortlands, Bromley BR2 0EH2
£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
£309K06/210.57 miFlat 6, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£295K07/210.57 miFlat 12, Britten Lodge, Fair Acres, Bromley, Greater London BR2 9BT2
£300K06/210.57 mi3, Kingsleigh Walk, Bromley, Greater London BR2 0YE2
£350K10/210.59 mi9, Field Close, Bromley, Greater London BR1 2SF2
£375K08/230.59 mi12, Field Close, Bromley, Greater London BR1 2SF2
£365K05/250.59 miFlat 26, 76 Florida Court, Westmoreland Road, Bromley BR2 0TR2
£365K05/250.59 miFlat 26, 76 Florida Court, Westmoreland Road, Bromley BR2 0TR2
£420K03/250.6 miFlat 21, 76 Florida Court, Westmoreland Road, Bromley BR2 0TR2
£385K04/250.6 mi18, Mill Vale, Bromley BR2 0EW2
£385K04/250.6 mi18, Mill Vale, Bromley BR2 0EW2
£300K08/230.62 miFlat 33, Handel Lodge, Fair Acres, Bromley, Greater London BR2 9BL2
£300K10/210.62 miFlat 121, Elgar Lodge, Fair Acres, Bromley, Greater London BR2 9BP2
£312.5K03/250.64 miFlat 54, Vaughan Lodge, Fair Acres, Bromley BR2 9BN2
£442.5K02/230.64 mi28a, Durham Avenue, Bromley, Greater London BR2 0QB2
£325K07/210.65 mi64, Addison Road, Bromley, Greater London BR2 9RR2
£365K03/250.67 miFlat 3, 83 The Clock House, Tweedy Road, Bromley BR1 1RP2
£310K08/230.67 mi13b, Page Heath Villas, Bromley, Greater London BR1 2QN2
£320K06/250.68 mi16, Page Heath Villas, Bickley, Bromley BR1 2QN2
£318K03/250.68 miFlat 20, 128 Cromarty Court, Widmore Road, Bromley BR1 3BX2
£375K12/240.69 mi121, Flat 6, Widmore Road, Bromley BR1 3AH2
£300K12/240.7 mi1 The Laurels, Flat 24, Homefield Road, Bromley BR1 3LA2
£360K02/250.71 miSt James Court, Flat 4, Edison Road, Bromley, Greater London BR2 0EZ2
£425K02/230.72 mi134b, Widmore Road, Bromley, Greater London BR1 3BP2
£517.5K06/230.74 miFlat 1, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH2
£348K08/250.76 miFlat 10, 159 Westland Lodge, Widmore Road, Bromley BR1 3AX2
£310K09/210.77 mi38, Palace Road, Bromley, Greater London BR1 3JT2
£425K08/250.78 miApartment 4, 143 Farmview Apartments, Hayes Lane, Hayes, Bromley BR2 9EQ2
£368.3K05/250.79 mi6, Hill House, Hill House Mews, Bromley BR2 0DE2
£368.3K05/250.79 mi6, Hill House, Hill House Mews, Bromley BR2 0DE2
£290K04/250.79 miFlat 6, 5 Glebe Knoll, Beckenham Lane, Bromley BR2 0DA2

Local Rents

50 rents from £1.6K/mo to £2.5K/mo, average is £1.9K/mo.

Rent
Date
Distance
Address
Beds
 
£1,80011/250 miSparkes Close, Bromley, BR22
£1,65003/240.01 miExchange Apartments, 41 Sparkes Close, Bromley, BR22
£2,10009/250.01 mi-2
£2,10008/250.02 miSparkes Close, Bromley South, Bromley, BR22
£1,95004/240.02 mi22 Axiom Apartments.2
£2,15006/250.02 mi2 Bedroom Flat to let in Bromley2
£2,10006/250.02 miSparkes Close, Bromley, BR2 9BU2
£2,24912/240.03 mi-2
£1,80008/250.03 miMasons Hill, Bromley, BR22
£1,75003/240.03 miAxiom Apartments, 42 Sparkes Close, Bromley, Kent, BR22
£2,15006/250.03 miSparkes Close, Bromley, BR22
£1,70004/240.04 miMasons Hill Bromley BR22
£1,75006/250.04 miMasons Hill, Bromley, BR22
£1,80007/250.04 miMasons Hill Bromley BR22
£1,79008/250.04 miMasons Hill Bromley BR22
£1,80007/250.04 miMasons Hill BR22
£1,75010/250.04 miMasons Hill, Bromley, BR22
£1,75011/250.04 miMasons Hill, Bromley, BR22
£1,90004/240.04 miWheeler Place, Bromley, BR22
£1,95012/240.05 mi-2
£2,00008/250.05 miMaxim Apartments, Wheeler Place, BR22
£1,98503/240.05 miSparkes Close, Bromley, BR2 9GE2
£2,00010/250.06 miCromwell Close, Bromley, Kent, BR22
£1,89507/250.06 miCromwell Close, Bromley, BR2 9GD2
£1,70010/250.07 miProspect Place, Bromley, BR22
£1,70010/250.07 mi-2
£2,00010/250.08 miWheeler Place, Bromley, BR22
£2,00011/250.08 miWheeler Place Bromley BR22
£1,82510/250.08 miReflex Apartments, 1 Wheeler Place, Bromley, BR22
£2,15006/250.1 miSparkes Close, Bromley, Kent, BR22
£1,65003/240.11 miMasons Hill Bromley BR22
£1,70007/250.11 miMasons Hill, Bromley, Kent, BR22
£1,70007/250.11 miMasons Hill, Bromley, Kent, BR22
£2,50002/250.11 mi-2
£1,80003/250.13 mi-2
£1,56504/240.13 miLangdon Road, Bromley, Kent, BR2 9JS2
£1,75003/240.13 miUpper Floor, Pinewood Road, Bromley, BR22
£2,20009/250.15 miSt. Marks Square, Bromley, BR22
£2,20012/240.15 miDevonshire Square, Bromley, BR22
£1,65011/250.15 miNapier Road, Bromley, BR22
£1,85003/240.16 miSt. Marks Road Bromley BR22
£1,85003/240.16 miSt. Marks Road Bromley BR22
£1,90004/240.16 miSt. Marks Road Bromley BR22
£1,90004/240.16 miSt. Marks Road Bromley BR22
£2,35004/240.16 miSt. Marks Road Bromley BR22
£1,95007/250.16 miSt. Marks Road Bromley BR22
£1,95007/250.16 miSt. Marks Road Bromley BR22
£1,90006/250.16 miSt Marks Road Bromley BR22
£2,00007/250.16 miSt. Marks Road Bromley BR22
£2,35008/250.16 miSt. Marks Road Bromley BR22

Local Area Statistics

Population in BR2

44,903

Nearest school

0.20 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £375,000

November 4, 2025

Price changed to £390,000

September 29, 2025

Price changed to £400,000

August 20, 2025

Price changed to £415,000

July 27, 2025

Price changed to £425,000

January 27, 2025

Listed for £450,000

December 26, 2024

Sold for £285,000

2004

Floor Plans

Property image

Description

  • Modern Gated Development +
  • Large Reception Area +
  • Two Double Bedrooms +
  • Two Bathrooms +
  • Balcony +
  • Secure Underground Parking +
  • Bromley South Station Nearby +
  • Generous Living Space +

Guide Price: £375,000-£400,000

Situated in a gated development just 0.2m from Bromley South Station is this spacious, two-bedroom, two bathroom apartment.

This fantastic two-bedroom apartment is set within a modern complex and offers spacious, bright and airy living space throughout. Boasting a large reception area, fitted kitchen, two double bedrooms with two ensuites plus WC and a fantastic balcony. Other benefits include allocated, secure underground parking plus gated visitor parking spaces.

Bromley South Station offers direct links into London Blackfriars and Victoria (from 17 minutes). Bromley High Street and The Glades shopping centre with an array of cafes, bars and restaurants makes this an ideal choice to suit different lifestyles.

The new St Marks Square development is within 0.2m and includes a nine screen multi-plex cinema along with restaurants and a landscaped square.

Tenure - Leasehold
Lease Length - 98 Years
Service Charge - £2,000 P/A
Ground Rent - £280 P/A

Energy Efficiency Rating TBC | Council Tax London Borough Of Bromley Band E

Agent Details

Langford Russell, Bromley

020 8138 8435

Next Steps?

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