2 Bed Flat, Single Let, Bromley, BR1 3QZ, £325,000

London Road, Bromley, BR1 3QZ - 3 months ago

Sold STC
Leasehold
BTL
ROI: 2%
~68 m²
+12 photos

ValuationUndervalued

Sold Prices£180K - £485K
Sold Prices/m²£3.5K/m² - £10.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£4.8K/m²

Value Estimate

£351,034
BMV8%

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

£1,490 - £3,000

Rent Estimate

£1,496

Running Costs/mo

£1,335

Cashflow/mo

£161

Cashflow/yr

£1,934

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £180K to £485K, average is £335K. £3.5K/m² to £10.4K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£265K04/210.03 mi33, Weston Grove, Bromley, Greater London BR1 3RJ2
£310K06/210.06 mi31, Weston Road, Bromley, Greater London BR1 3RH2
£335K03/210.07 mi54, Hope Park, Bromley, Greater London BR1 3RQ2
£238K11/200.1 mi91, Hope Park, Bromley, Greater London BR1 3RG2
£350K07/230.1 miFlat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF2
£265K03/210.11 miFlat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF2
£223K04/230.13 mi85, Howard Road, Bromley, Greater London BR1 3QQ2
£375K11/200.15 mi16a, Hammelton Road, Bromley, Greater London BR1 3PY2
£297.5K03/210.16 miFlat 9, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ2
£300K05/210.16 miFlat 10, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ2
£350K01/210.17 mi44b, Hammelton Road, Bromley, Greater London BR1 3PY2
£340K04/210.18 mi44b, Morgan Road, Bromley, Greater London BR1 3QF2
£325K11/200.18 mi78a, Morgan Road, Bromley, Greater London BR1 3QF2
£325.3K03/230.22 mi98a, London Road, Bromley, Greater London BR1 3RL2
£355K12/200.24 mi38d, Madeira Avenue, Bromley, Greater London BR1 4AY2
£357K11/200.27 miThe First And Second Floor Flat, 108, College Road, Bromley, Greater London BR1 3PF2
£357K11/200.28 miThe First And Second Floor Flat, 108, College Road, Bromley, Greater London BR1 3PF2
£285K03/210.28 mi14, Madeira Avenue, Bromley, Greater London BR1 4AZ2
£285K11/200.29 mi150, Blyth Road, Bromley, Greater London BR1 3RT2
£351K01/210.34 miFlat 17, Weymouth House, Hill House Mews, Bromley, Greater London BR2 0DD2
£235K03/210.36 miFlat 23, Newman Court, North Street, Bromley, Greater London BR1 1BQ2
£270K10/210.36 miFlat 16, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£287.5K08/230.36 miFlat 15, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£330K12/200.36 mi24b, Cambridge Road, Bromley, Greater London BR1 4EA2
£375K03/210.38 miFlat 1, St James Court, Edison Road, Bromley, Greater London BR2 0EZ2
£335K08/210.39 mi4a, Shortlands Gardens, Bromley, Greater London BR2 0EA2
£365K03/230.42 mi29a, Lansdowne Road, Bromley, Greater London BR1 3PG2
£435K06/210.44 mi27a, Meadow Road, Bromley, Greater London BR2 0DX2
£280K08/210.5 mi37a, Martins Road, Bromley, Greater London BR2 0EE2
£310K09/210.5 mi38, Palace Road, Bromley, Greater London BR1 3JT2
£302.5K03/210.54 mi4, Glassmill Lane, Bromley, Greater London BR2 0EJ2
£360K11/200.56 mi166, Farnaby Road, Bromley, Greater London BR2 0BB2
£350K04/210.61 mi5, Pump House Close, Bromley, Greater London BR2 0LA2
£423K07/230.61 mi6, Pump House Close, Bromley, Greater London BR2 0LA2
£430K06/210.62 mi48a, Valley Road, Bromley, Greater London BR2 0HD2
£430K11/220.62 mi52a, Valley Road, Bromley, Greater London BR2 0HD2
£180K08/230.64 mi7, Brook Lane, Bromley, Greater London BR1 4PU2
£264K02/210.69 mi7, Dainton Close, Bromley, Greater London BR1 3JA2
£395K06/210.69 mi15, Hildenlea Place, Bromley, Greater London BR2 0YH2
£350K12/200.72 mi24, Cadogan Close, Beckenham, Greater London BR3 5XY2
£330K07/230.75 mi47c, Ravensbourne Road, Bromley, Greater London BR1 1HW2
£286K03/230.78 miFlat 17, Sundridge House, Burnt Ash Lane, Bromley, Greater London BR1 5AE2
£375K05/230.78 mi5, West Oak, Beckenham, Greater London BR3 5EZ2
£485K03/210.81 mi7b, Church Road, Shortlands, Bromley, Greater London BR2 0HP2
£400K06/230.82 miFlat 1, Cranley Court, Beckenham Grove, Bromley, Greater London BR2 0JZ2
£370K06/210.86 mi13, Madison Gardens, Bromley, Greater London BR2 0SJ2
£275K03/230.89 mi277, Downham Way, Bromley, Greater London BR1 5EN2
£320K10/210.94 mi212, Southover, Bromley, Greater London BR1 4SE2
£425K02/230.94 mi134b, Widmore Road, Bromley, Greater London BR1 3BP2
£427.5K02/230.96 mi12, Foxes Dale, Bromley, Greater London BR2 0JS2

Local Rents

50 rents from £1.5K/mo to £3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,50003/240.04 miWeston Grove, Bromley, BR12
£2,65003/250.05 mi-2
£1,80004/250.06 mi-2
£1,65003/240.07 miMooreland Road Bromley BR12
£1,70002/250.09 mi-2
£1,70002/250.09 mi-2
£1,70001/250.09 mi-2
£1,70003/240.11 miHighland Road, Bromley, BR12
£1,95004/240.12 mi4 Blyth Road, Bromley, Kent, BR12
£1,95003/240.13 miBlyth Road Bromley BR12
£1,80002/250.13 mi-2
£1,95003/240.14 miBlyth Road, Bromley, BR12
£1,65012/240.14 mi-2
£1,57503/240.14 mi-2
£1,50003/240.14 mi-2
£1,50003/240.14 miMavery Court, Bromley, BR12
£1,70003/240.14 miScotts Road, Bromley, BR12
£1,89503/250.15 mi-2
£1,85003/240.15 miScotts Road, Bromley, BR12
£1,70004/240.16 miHammelton Road, Bromley, BR12
£1,60012/240.17 mi-2
£1,60001/250.18 mi-2
£1,79503/250.19 mi-2
£3,00002/250.2 mi-2
£1,60003/240.21 miCollege Road, Bromley, BR12
£2,00002/240.22 mi-2
£1,80003/250.25 mi-2
£1,60003/240.25 miFairfield Road, Bromley, BR12
£1,80003/240.27 miCollege Road, Sundridge Park, Bromley, BR12
£1,50004/250.28 mi-2
£1,70003/240.29 miPalisade Court, 14 Oaklands Road, BROMLEY, BR12
£1,65003/240.3 miLondon Lane, Bromley, BR12
£1,85004/250.32 mi-2
£1,70004/240.32 miFarnaby Road, Bromley, BR12
£1,49012/240.33 mi-2
£1,49004/240.33 miBabbacombe Road, Bromley, BR12
£1,70004/240.34 miWeymouth House, Bromley, BR22
£1,75003/240.35 miBeckenham Lane, Bromley, BR22
£1,75004/240.35 miBeckenham Lane, Shortlands, Bromley, BR22
£1,50004/240.36 miNorth Street, Bromley, BR12
£2,30003/250.37 mi-2
£1,65003/240.4 miSherman Road, Bromley, BR12
£1,50003/240.4 miShortlands Gardens, Shortlands, Bromley, BR22
£1,65003/240.4 miSherman Road, Bromley, BR12
£1,50004/240.41 miPark Avenue, Bromley, BR12
£1,65004/240.41 mi-2
£1,65003/240.41 miCedarhurst, Bromley, BR12
£2,20003/250.42 mi-2
£1,60003/250.42 mi-2
£1,69504/250.42 mi-2

Local Area Statistics

Population in BR1

55,931

Population in Bromley

55,947

Town centre distance

1 miles away

Nearest school

0.40 miles away

Nearest train station

0.40 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £325,000

January 17, 2025

Floor Plans

Description

A bright an airy spacious two bedroom ground floor apartment located in an ideal location to Bromley Town Centre with three stations close by with access to Central London.

The property offers recently modernised decor throughout, two double bedrooms, bathroom, kitchen and large living space with access to front and rear private balcony and garden area. This property not only offers access to outdoor space on both aspects it offers a 100 yr lease, communal garden, storage located in a small development in Bromley. Lease details: 100 years Service charge £520 twice annually Grount rent £10 Council tax Band C

Agent Details

Langley Estate Agents, Beckenham

020 3910 6331

Next Steps?

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