2 Bed Flat, Single Let, Bromley, BR1 3PD, £300,000

Upper Park Road, Bromley, BR1 3PD - 2 views - 3 months ago

Sold STC

Leasehold

BTL

ROI: 3%

~68 m²

+9 photos

ValuationUndervalued

Sold Prices	£154.6K - £425K
Sold Prices/m²	£3.4K/m² - £7K/m²

Square Metres	~68.11 m²
Price/m²	£4.4K/m²
Value Estimate	£352,989£352,989
BMV	18%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£12,700£12,700
Total Cash In	£87,700£87,700

Cash Out
Rent Range	£1,490 - £2,800£1,490 - £2,800
Rent Estimate	£1,490
Running Costs/mo	£1,256£1,256
Cashflow/mo	£235£235
Cashflow/yr	£2,814£2,814
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

47 sold prices from £154.6K to £425K, average is £310K. £3.4K/m² to £7K/m², average is £5.2K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£264K	02/21	0.03 mi	7, Dainton Close, Bromley, Greater London BR1 3JA	£4,632	57	2	Flat
£310K	09/21	0.21 mi	38, Palace Road, Bromley, Greater London BR1 3JT	£3,563	87	2	Flat
£425K	02/23	0.3 mi	134b, Widmore Road, Bromley, Greater London BR1 3BP	-	-	2	Flat
£365K	03/23	0.35 mi	29a, Lansdowne Road, Bromley, Greater London BR1 3PG	£5,887	62	2	Flat
£235K	03/21	0.42 mi	Flat 23, Newman Court, North Street, Bromley, Greater London BR1 1BQ	-	-	2	Flat
£330K	12/20	0.42 mi	24b, Cambridge Road, Bromley, Greater London BR1 4EA	£5,893	56	2	Flat
£375K	08/23	0.43 mi	12, Field Close, Bromley, Greater London BR1 2SF	£6,275	60	2	Flat
£350K	10/21	0.45 mi	9, Field Close, Bromley, Greater London BR1 2SF	£5,645	62	2	Flat
£357K	11/20	0.47 mi	The First And Second Floor Flat, 108, College Road, Bromley, Greater London BR1 3PF	-	-	2	Flat
£357K	11/20	0.47 mi	The First And Second Floor Flat, 108, College Road, Bromley, Greater London BR1 3PF	-	-	2	Flat
£350K	01/21	0.55 mi	44b, Hammelton Road, Bromley, Greater London BR1 3PY	£6,140	57	2	Flat
£375K	11/20	0.56 mi	16a, Hammelton Road, Bromley, Greater London BR1 3PY	£4,261	88	2	Flat
£340K	04/21	0.59 mi	44b, Morgan Road, Bromley, Greater London BR1 3QF	-	-	2	Flat
£325K	11/20	0.59 mi	78a, Morgan Road, Bromley, Greater London BR1 3QF	£5,603	58	2	Flat
£223K	04/23	0.61 mi	85, Howard Road, Bromley, Greater London BR1 3QQ	£4,055	55	2	Flat
£375K	03/21	0.62 mi	Flat 1, St James Court, Edison Road, Bromley, Greater London BR2 0EZ	-	-	2	Flat
£265K	04/21	0.65 mi	33, Weston Grove, Bromley, Greater London BR1 3RJ	£3,841	69	2	Flat
£310K	06/21	0.65 mi	31, Weston Road, Bromley, Greater London BR1 3RH	£4,429	70	2	Flat
£335K	03/21	0.66 mi	54, Hope Park, Bromley, Greater London BR1 3RQ	£3,526	95	2	Flat
£238K	11/20	0.67 mi	91, Hope Park, Bromley, Greater London BR1 3RG	£4,407	54	2	Flat
£351K	01/21	0.69 mi	Flat 17, Weymouth House, Hill House Mews, Bromley, Greater London BR2 0DD	-	-	2	Flat
£285K	11/20	0.73 mi	150, Blyth Road, Bromley, Greater London BR1 3RT	£4,453	64	2	Flat
£297.5K	03/21	0.75 mi	Flat 9, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ	-	-	2	Flat
£300K	05/21	0.75 mi	Flat 10, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ	-	-	2	Flat
£302.5K	03/21	0.76 mi	4, Glassmill Lane, Bromley, Greater London BR2 0EJ	£5,758	53	2	Flat
£330K	07/23	0.78 mi	47c, Ravensbourne Road, Bromley, Greater London BR1 1HW	£4,342	76	2	Flat
£350K	07/23	0.78 mi	Flat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF	-	-	2	Flat
£265K	03/21	0.78 mi	Flat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF	-	-	2	Flat
£270K	10/21	0.79 mi	Flat 16, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG	-	-	2	Flat
£287.5K	08/23	0.79 mi	Flat 15, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG	-	-	2	Flat
£310K	08/23	0.79 mi	13b, Page Heath Villas, Bromley, Greater London BR1 2QN	-	-	2	Flat
£286K	03/23	0.8 mi	Flat 17, Sundridge House, Burnt Ash Lane, Bromley, Greater London BR1 5AE	-	-	2	Flat
£300K	12/21	0.82 mi	55, Woldham Road, Bromley, Greater London BR2 9LA	£6,977	43	2	Flat
£335K	02/21	0.82 mi	Flat 23, Hardwick House, Masons Hill, Bromley, Greater London BR2 9GW	-	-	2	Flat
£154.6K	06/23	0.82 mi	148, Homesdale Road, Bromley, Greater London BR2 9LH	£3,435	45	2	Flat
£275K	11/20	0.82 mi	96, Homesdale Road, Bromley, Greater London BR2 9LH	£6,548	42	2	Flat
£180K	08/23	0.84 mi	7, Brook Lane, Bromley, Greater London BR1 4PU	-	-	2	Flat
£325.3K	03/23	0.84 mi	98a, London Road, Bromley, Greater London BR1 3RL	£5,514	59	2	Flat
£285K	03/21	0.9 mi	14, Madeira Avenue, Bromley, Greater London BR1 4AZ	£5,481	52	2	Flat
£355K	12/20	0.9 mi	38d, Madeira Avenue, Bromley, Greater London BR1 4AY	£6,961	51	2	Flat
£335K	08/21	0.91 mi	4a, Shortlands Gardens, Bromley, Greater London BR2 0EA	£5,154	65	2	Flat
£280K	08/21	0.94 mi	37a, Martins Road, Bromley, Greater London BR2 0EE	£4,828	58	2	Flat
£285K	09/21	0.95 mi	Flat 27, Gainsborough Court, Homesdale Road, Bromley, Greater London BR2 9NB	£4,385	65	2	Flat
£370K	06/21	0.97 mi	13, Madison Gardens, Bromley, Greater London BR2 0SJ	£5,211	71	2	Flat
£350K	04/21	0.98 mi	5, Pump House Close, Bromley, Greater London BR2 0LA	£5,000	70	2	Flat
£423K	07/23	0.98 mi	6, Pump House Close, Bromley, Greater London BR2 0LA	£6,689	63	2	Flat
£305K	05/21	0.99 mi	32, Bourne Road, Bromley, Greater London BR2 9NS	£5,351	57	2	Flat

Local Rents

50 rents from £1.5K/mo to £2.8K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,950	02/25	0.02 mi	-	2	Flat
£1,500	03/24	0.03 mi	Dainton Close, Bromley	2	Flat
£1,700	03/24	0.09 mi	Freelands Grove, Bromley, BR1	2	Flat
£1,700	03/24	0.1 mi	Freelands Road Bromley BR1	2	Flat
£1,800	03/25	0.13 mi	-	2	Terraced House
£1,650	03/24	0.14 mi	Wharton Road, Bromley, BR1	2	Flat
£1,650	04/24	0.14 mi	Wharton Road, Bromley, BR1	2	House
£1,600	03/24	0.14 mi	North Road, Bromley, BR1	2	Terraced House
£1,600	04/24	0.14 mi	-	2	Terraced House
£2,000	04/24	0.16 mi	Marian Gardens, Bromley	2	Flat
£2,000	04/24	0.16 mi	Marian Gardens, Bromley	2	Flat
£1,650	04/25	0.16 mi	-	2	Flat
£1,800	01/25	0.17 mi	-	2	Flat
£1,600	03/24	0.17 mi	Winston Court, Widmore Road, Bromley, BR1	2	Flat
£2,800	12/24	0.17 mi	-	2	Flat
£2,250	12/24	0.17 mi	-	2	Flat
£2,500	01/25	0.17 mi	-	2	Flat
£2,250	02/25	0.17 mi	-	2	Flat
£2,300	01/25	0.17 mi	-	2	Flat
£2,000	02/25	0.17 mi	-	2	Flat
£1,800	04/25	0.18 mi	-	2	Terraced House
£1,650	03/24	0.2 mi	Plaistow Lane, Bromley	2	Flat
£1,725	04/24	0.2 mi	Plaistow Lane, Bromley, BR1 3JE	2	Flat
£1,700	03/24	0.2 mi	Empire Court, Plaistow Lane, BR1	2	Flat
£1,950	04/24	0.2 mi	Plaistow Lane, Bromley, BR1	2	Flat
£2,650	03/24	0.21 mi	Michael John House, 14 Southend Road, Beckenham, BR3	2	Flat
£1,700	12/24	0.22 mi	Widmore Road, Bromley, BR1	2	Flat
£1,550	12/24	0.23 mi	-	2	Flat
£1,800	01/25	0.24 mi	-	2	Flat
£1,600	12/24	0.24 mi	-	2	Flat
£1,850	04/24	0.26 mi	1 Lansdowne Road, Bromley, Kent, BR1	2	Flat
£1,875	04/25	0.26 mi	-	2	Flat
£1,650	03/24	0.27 mi	-	2	Flat
£1,600	03/25	0.28 mi	-	2	Flat
£1,950	03/24	0.28 mi	Plaistow Lane, Bromley, BR1	2	Flat
£1,750	02/25	0.28 mi	-	2	Flat
£1,875	04/25	0.29 mi	-	2	Flat
£1,850	03/24	0.3 mi	Plaistow Lane, BROMLEY, BR1	2	Flat
£1,650	03/24	0.3 mi	Sherman Road, Bromley, BR1	2	Flat
£1,650	03/24	0.3 mi	Sherman Road, Bromley, BR1	2	Flat
£1,825	04/25	0.3 mi	-	2	Flat
£2,200	03/25	0.31 mi	-	2	Flat
£1,700	04/24	0.32 mi	Sage Court, Plaistow Lane, BR1	2	Flat
£1,750	03/24	0.34 mi	Edward Road, Bromley, BR1	2	Flat
£1,550	02/24	0.34 mi	-	2	Flat
£1,550	02/24	0.34 mi	-	2	Flat
£1,700	04/25	0.34 mi	-	2	Flat
£2,400	01/25	0.35 mi	-	2	Flat
£1,490	12/24	0.35 mi	-	2	Flat
£1,490	04/24	0.35 mi	Babbacombe Road, Bromley, BR1	2	Flat

Local Area Statistics

Population in BR1	55,93155,931
Population in Bromley	55,94755,947
Town centre distance	0.58 miles away0.58 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.32 miles away0.32 miles away

Rental demand	Landlord's marketLandlord's market
Rental growth (12m)	+7%+7%
Sales demand	Balanced marketBalanced market
Capital growth (5yrs)	+17%+17%

Property History

Listed for £300,000

January 11, 2025

Floor Plans

Description

*Chain Free*
Located in the popular Bromley North area, a short stroll of Sundridge Park Village is this fabulous chain free two bedroom, two bathroom top floor apartment.

Communal areas are well maintained and the property is accessed via video door entry. The apartment offers over 700 sq. ft. of accommodation that comprises as follows; spacious entrance hall with storage cupboards, fitted kitchen, spacious reception/diner, principle bedroom with en suite shower room, second bedroom and family bathroom.

Other benefits include allocated parking and well maintained communal grounds.

The property is situated in an attractive purpose-built development on the corner of Upper Park Road. Nearby Bromley town centre offers a vast array of shops, bars and restaurants and a variety of leisure facilities, cinema and theatre.

Local Authority: Bromley
Council Tax Band: E

Agent Details

Alan de Maid, Bromley

020 3872 5250

Next Steps?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents