3 Bed Flat, Single Let, BR2 0EF, £325,000

Martins Road, Bromley, BR2 0EF - 4 views - 3 months ago

Sold STC
Leasehold
BTL
ROI: 4%
~93 m²
+9 photos

ValuationUndervalued

Sold Prices£225K - £800K
Sold Prices/m²£2.4K/m² - £5.9K/m²

 

 

Square Metres

~93 m²
Price/m²£3.5K/m²

Value Estimate

£390,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Rent Range

£1,650 - £2,550

Rent Estimate

£1,694

Running Costs/mo

£1,374

Cashflow/mo

£320

Cashflow/yr

£3,835

ROI

4%

Gross Yield

6%

Local Sold Prices

30 sold prices from £225K to £800K, average is £387.5K. £2.4K/m² to £5.9K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£314K09/230.01 mi58a, Martins Road, Bromley, Greater London BR2 0EF3
£325K12/220.01 mi56a, Martins Road, Bromley, Greater London BR2 0EF3
£450K07/230.25 miFlat 3, Weymouth House, Hill House Mews, Bromley, Greater London BR2 0DD3
£350K09/230.25 mi60, Blyth Road, Bromley, Greater London BR1 3RU3
£340K11/210.28 miFlat 3, Laurel House, Bromley Road, Shortlands, Bromley, Greater London BR2 0AH3
£360K06/230.37 mi26b, London Road, Bromley, Greater London BR1 3QR3
£300K08/210.48 mi8, Weston Grove, Bromley, Greater London BR1 3RJ3
£375K01/230.5 mi2, College Road, Bromley, Greater London BR1 3NS3
£340K12/200.65 mi38, Saxon Road, Bromley, Greater London BR1 3RP3
£440K11/200.93 miFlat 20, Hardwick House, Masons Hill, Bromley, Greater London BR2 9GW3
£572.5K02/230.96 miFlat 4, Park View House, Westgate Road, Beckenham, Greater London BR3 5DF3
£550K02/231.02 miFlat 1, Wonham Court, The Knoll, Beckenham, Greater London BR3 5JR3
£410K05/211.11 mi6, Field Close, Bromley, Greater London BR1 2SF3
£425K01/211.11 mi33, Stanley Road, Bromley, Greater London BR2 9JH3
£800K09/211.12 miFlat 6, Aaron Court, Kelsey Park Avenue, Beckenham, Greater London BR3 6UN3
£766.3K02/211.12 miFlat 3, Aaron Court, Kelsey Park Avenue, Beckenham, Greater London BR3 6UN3
£225K02/211.13 mi30a, Letchworth Drive, Bromley, Greater London BR2 9BE3
£625K06/211.27 miFlat 5, Foxgrove House, Foxgrove Road, Beckenham, Greater London BR3 5AR3
£285K03/231.33 mi47, Tylney Road, Bromley, Greater London BR1 2RJ3
£302K08/231.34 miFlat 15, Wandle House, Brangbourne Road, Bromley, Greater London BR1 4LY3
£335K06/211.36 mi71, Heron Court, Bromley, Greater London BR2 9LR3
£435K10/211.48 mi11a, Page Heath Lane, Bromley, Greater London BR1 2DR3
£280K12/201.6 mi16, Hackington Crescent, Beckenham, Greater London BR3 1RZ3
£400K05/211.63 mi10, Rectory Green, Beckenham, Greater London BR3 4HX3
£710K06/211.79 miFlat 1, Gallery House, Copers Cope Road, Beckenham, Greater London BR3 1DQ3
£450K03/231.84 miFlat 1, Englefield, Woodlands Road, Bromley, Greater London BR1 2AH3
£420K09/211.88 miFlat 4, Red Lodge Court, Pickhurst Rise, West Wickham, Greater London BR4 0AJ3
£285K02/211.91 mi36, Crown Lane, Bromley, Greater London BR2 9PQ3
£350K06/211.94 mi153a, Croydon Road, Beckenham, Greater London BR3 3QH3
£642.5K02/231.99 mi9a, Park Hill, Bromley, Greater London BR1 2JH3

Local Rents

29 rents from £1.6K/mo to £2.5K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£1,80012/240.01 mi-3
£2,10004/240.04 miRecreation Road, Bromley, Kent, BR23
£1,85004/240.07 miStation Road, Shortlands, Bromley,BR23
£2,20004/240.16 miThe Glen, Shortlands, Bromley, BR23
£2,10004/240.22 miBromley Gardens, Bromley3
£2,00003/240.37 miPark End, Bromley, BR13
£1,70003/240.37 miLondon Road Bromley BR13
£2,00002/240.39 mi-3
£1,65012/240.4 mi-3
£2,55004/240.42 miShortlands Road, Bromley, BR23
£2,55012/240.42 miShortlands Road, Bromley, BR23
£2,55012/240.42 mi-3
£2,20004/240.43 miQueen Anne Avenue, Bromley3
£2,30002/240.43 mi-3
£2,20004/240.43 mi-3
£1,90003/240.43 miCheveney Walk, Bromley, BR23
£1,99004/240.47 mi-3
£1,99003/240.47 miCawston Court, Bromley, BR13
£1,85003/240.48 miNorth Street, Bromley, BR13
£1,97503/240.49 miEast Street, Bromley, BR13
£2,10003/240.5 miOaklands Road, Bromley, BR13
£2,35004/250.53 mi-3
£2,20002/250.56 mi-3
£1,90001/250.56 mi-3
£2,10004/240.56 miHeathfield Road, Bromley, BR13
£1,80004/240.58 miOaklands Road, Bromley, BR13
£2,20002/250.59 mi-3
£2,50003/250.59 mi-3
£2,40004/250.6 mi-3

Local Area Statistics

Population in BR2

44,903

Nearest school

0.10 miles away

Nearest train station

0.14 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £325,000

December 27, 2024

Sold for £180,000

2013

Sold for £164,000

2005

Sold for £160,000

2003

Sold for £85,000

2000

Sold for £58,000

1999

Floor Plans

Description

  • Three bedrooms +
  • Beautifully presented +
  • Sought after location +
  • Early viewings recommended +

GUIDE PRICE £325,000 to £350,000

We are delighted to introduce to the market this beautifully presented three-bedroom second-floor flat.

We are delighted to introduce to the market this beautifully presented three-bedroom second-floor flat.

The flat has been incredibly well-maintained by the current owner and includes features such as a contemporary fitted kitchen with integrated appliances, spacious and modern bathroom and large windows providing an abundance of natural light. The living room is spacious and the three bedrooms are all of a good size.

The property is situated in the popular area of Shortlands Village, just yards from Queensmead Park and within close proximity of the Shortlands Station (Zone 4). Shortlands benefits from good public transport links, bus routes and local shops. The larger Bromley town centre is also nearby, with the Glades Shopping Centre, offering a vast array of shops, restaurants, and bars, cinemas, fitness centres, theatres, and supermarkets.

Additional benefits also include a large storage cupboard located just outside the front door plus a good sized brick built storage shed outside and outdoor residents washing line in the communal grounds.

The property also has the benefit of an extended lease. We recommend early viewing of this special property to avoid disappointment.

LEASEHOLD INFORMATION
Lease term expires: 20/09/2197
Service Charge: £98.88 per month
Ground Rent: £10 per annum

Broadband and Mobile Coverage
For broadband and mobile phone coverage at the property in question please visit: checker.ofcom.org.uk/en-gb/broadband-coverage and checker.ofcom.org.uk/en-gb/mobile-coverage respectively.

IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact and a buyer is advised to obtain verification from their own solicitor or surveyor.

Agent Details

jdm, Bromley

020 3910 6349

Next Steps?

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