3 Bed Flat, Single Let, BR2 0AH, £350,000

3 Laurel House, Bromley Road, Shortlands, Bromley, BR2 0AH - 2 views - 3 months ago

Leasehold
BTL
ROI: 3%
63 m²
+6 photos

ValuationOvervalued

Sold Prices£225K - £800K
Sold Prices/m²£2.4K/m² - £6.8K/m²

 

 

Square Metres

63 m²
Price/m²£5.6K/m²

Value Estimate

£282,692

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Rent Range

£1,650 - £2,800

Rent Estimate

£1,675

Running Costs/mo

£1,449

Cashflow/mo

£226

Cashflow/yr

£2,715

ROI

3%

Gross Yield

6%

Local Sold Prices

30 sold prices from £225K to £800K, average is £367.5K. £2.4K/m² to £6.8K/m², average is £4.5K/m².

PriceDateDistanceAddressBeds 
£340K11/210.01 miFlat 3, Laurel House, Bromley Road, Shortlands, Bromley, Greater London BR2 0AH3
£314K09/230.27 mi58a, Martins Road, Bromley, Greater London BR2 0EF3
£325K12/220.29 mi56a, Martins Road, Bromley, Greater London BR2 0EF3
£350K09/230.46 mi60, Blyth Road, Bromley, Greater London BR1 3RU3
£450K07/230.49 miFlat 3, Weymouth House, Hill House Mews, Bromley, Greater London BR2 0DD3
£360K06/230.55 mi26b, London Road, Bromley, Greater London BR1 3QR3
£300K08/210.6 mi8, Weston Grove, Bromley, Greater London BR1 3RJ3
£572.5K02/230.69 miFlat 4, Park View House, Westgate Road, Beckenham, Greater London BR3 5DF3
£375K01/230.71 mi2, College Road, Bromley, Greater London BR1 3NS3
£340K12/200.74 mi38, Saxon Road, Bromley, Greater London BR1 3RP3
£550K02/230.75 miFlat 1, Wonham Court, The Knoll, Beckenham, Greater London BR3 5JR3
£800K09/210.91 miFlat 6, Aaron Court, Kelsey Park Avenue, Beckenham, Greater London BR3 6UN3
£766.3K02/210.91 miFlat 3, Aaron Court, Kelsey Park Avenue, Beckenham, Greater London BR3 6UN3
£625K06/211 miFlat 5, Foxgrove House, Foxgrove Road, Beckenham, Greater London BR3 5AR3
£302K08/231.17 miFlat 15, Wandle House, Brangbourne Road, Bromley, Greater London BR1 4LY3
£440K11/201.2 miFlat 20, Hardwick House, Masons Hill, Bromley, Greater London BR2 9GW3
£225K02/211.34 mi30a, Letchworth Drive, Bromley, Greater London BR2 9BE3
£280K12/201.34 mi16, Hackington Crescent, Beckenham, Greater London BR3 1RZ3
£400K05/211.36 mi10, Rectory Green, Beckenham, Greater London BR3 4HX3
£410K05/211.38 mi6, Field Close, Bromley, Greater London BR1 2SF3
£425K01/211.38 mi33, Stanley Road, Bromley, Greater London BR2 9JH3
£710K06/211.52 miFlat 1, Gallery House, Copers Cope Road, Beckenham, Greater London BR3 1DQ3
£285K03/231.6 mi47, Tylney Road, Bromley, Greater London BR1 2RJ3
£335K06/211.63 mi71, Heron Court, Bromley, Greater London BR2 9LR3
£350K06/211.72 mi153a, Croydon Road, Beckenham, Greater London BR3 3QH3
£435K10/211.75 mi11a, Page Heath Lane, Bromley, Greater London BR1 2DR3
£315K04/231.82 mi1, Elfrida Crescent, London, Greater London SE6 3EP3
£302.5K11/211.84 miFlat 98, Passfields, Bromley Road, London, Greater London SE6 2RF3
£420K09/211.89 miFlat 4, Red Lodge Court, Pickhurst Rise, West Wickham, Greater London BR4 0AJ3
£527.5K09/211.91 mi11, Beckett Walk, Beckenham, Greater London BR3 1JH3

Local Rents

22 rents from £1.6K/mo to £2.8K/mo, average is £2.1K/mo.

RentDateDistanceAddressBeds 
£2,20004/240.14 miThe Glen, Shortlands, Bromley, BR23
£1,80012/240.28 mi-3
£1,85004/240.3 miStation Road, Shortlands, Bromley,BR23
£2,10004/240.3 miRecreation Road, Bromley, Kent, BR23
£2,55004/240.37 miShortlands Road, Bromley, BR23
£2,55012/240.37 miShortlands Road, Bromley, BR23
£2,55012/240.37 mi-3
£2,60004/240.38 miThe Gardens, Beckenham, BR33
£2,00002/240.44 mi-3
£2,50003/240.44 miAlbemarle Road, Beckenham3
£2,10004/240.47 miBromley Gardens, Bromley3
£1,65012/240.48 mi-3
£2,80012/240.48 mi-3
£2,80001/250.48 mi-3
£2,00003/240.49 miPark End, Bromley, BR13
£2,10003/240.49 miOaklands Road, Bromley, BR13
£2,35004/250.5 mi-3
£1,80004/240.53 miOaklands Road, Bromley, BR13
£1,99004/240.54 mi-3
£1,99003/240.54 miCawston Court, Bromley, BR13
£1,70003/240.55 miLondon Road Bromley BR13
£2,50004/250.6 mi-3

Local Area Statistics

Population in BR2

44,903

Nearest school

0.10 miles away

Nearest train station

0.13 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £350,000

January 15, 2025

Floor Plans

Description

  • SPACIOUS UPPER GROUND FLOOR FLAT +
  • THREE GOOD SIZE BEDROOMS +
  • LARGE BAY FRONTED LOUNGE WITH FIREPLACE +
  • MODERN FITTED KITCHEN +
  • WELL APPOINTED BATHROOM - SHOWER OVER THE BATH +
  • GREAT LOCATION - CLOSE TO STATION/SHOPS +
  • ATTRACTIVE COMMUNAL GROUNDS +
  • PLENTY OF USEFUL STORAGE +

Guide Price: £350,000 - £375,000. Maguire Baylis are delighted to present to the market to this impressive three bedroom upper ground floor flat forming part of a popular and highly convenient development just a few minutes walk from Shortlands local shops and station (serving Victoria and Blackfriars) and also within easy reach of both Beckenham and Bromley town centres.

The property provides bright and spacious accommodation which comprises: a fitted kitchen with a comprehensive range of fitted units and built-in oven and hob; a superb living room with large bay window and feature fireplace; the bathroom provides a modern white suite with built in shower over the bath. Two of the bedrooms are double sized, whilst the third is useful single room, currently used as an office.

Further features include the solid wood flooring throughout the hallway, lounge and kitchen, plus there is ample storage space comprising three built-in cupboards and useful private store located to the lower ground ground floor.

In addition to the main line station - with direct links to London Victorian & City Thameslink/Blackfriars - Shortlands provides a good range of local shops. For more comprehensive shopping facilities - including The Glades retail centre - Bromley can be easily reached on foot via a pleasant walk through Queensmead Park. Beckenham High Street is also easily accessible and provides a lovely range of independent shops and restaurants.

For those seeking outdoor recreation, there are also some great facilities nearby including Beckenham Place Park which offers country walks almost on the doorstep and, for the more adventurous, an outdoor swimming lake.

Communal Hall -

Entrance Hallway - Wood flooring; three useful built-in storage/coats cupboards; radiator.

Lounge - 5.18m x 3.84m (into bay) (17' x 12'7 (into bay)) - Double glazed bay window to front; radiator; feature period style fireplace with gas fire; wood flooring.

Kitchen - 3.76m x 2.18m (12'4 x 7'2) - Double glazed windows to side and rear; fitted with a range of modern wall and base units with solid wood worktops to three walls; inset enamelled sink unit; built-in gas hob with extractor hood over; electric oven; spaces for washing machine and fridge/freezer; wood flooring; part tiled walls. Wall mounted gas combi boiler.

Bedroom 1 - 3.81m x 3.38m (12'6 x 11'1) - Double glazed window to front; radiator.

Bedroom 2 - 3.48m x 2.79m (11'5 x 9'2) - Double glazed window to rear; radiator.

Bedroom 3 - 2.77m x 2.01m (widening to 2.18m) (9'1 x 6'7 (wide - Double glazed window to rear; radiator; fitted desk top to one wall.

Bathroom - Double glazed window to rear; modern and well appointed suite comprising panelled bath with built-in shower over and fitted glass shower screen; pedestal wash basin; WC; fully tiled walls and flooring; heated towel rail.

Communal Gardens -

Lease & Maintenance - LEASE - approx 85 years remaining
SERVICE CHARGE - Currently £1560 pa
GROUND RENT - £10 pa

Parking -

Council Tax - London Borough of Bromley - Band C

Location - What3words: ///ticket.defend.fairly

Agent Details

Maguire Baylis, Bromley

020 8464 9952

Next Steps?

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