2 Bed Flat, Single Let, BR2 0BN, £300,000





ValuationUndervalued
Sold Prices | £223K - £517.5K |
Sold Prices/m² | £3.5K/m² - £10.4K/m² |
| |
Square Metres | ~68.11 m² |
Price/m² | £4.4K/m² |
Value Estimate | £350,126£350,126 |
BMV | 17% |
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 | £1,500 - £3,000£1,500 - £3,000 |
Rent Estimate | £1,500 |
Running Costs/mo | £1,258£1,258 |
Cashflow/mo | £243£243 |
Cashflow/yr | £2,910£2,910 |
ROI | 3%3% |
Gross Yield | 6%6% |
Local Sold Prices
50 sold prices from £223K to £517.5K, average is £350.5K. £3.5K/m² to £10.4K/m², average is £5.1K/m².
Price | Date | Distance | Address | Price/m² | m² | Beds | Type | |
£435K | 06/21 | 0.08 mi | 27a, Meadow Road, Bromley, Greater London BR2 0DX | £10,357 | 42 | 2 | Flat | |
£395K | 06/21 | 0.17 mi | 15, Hildenlea Place, Bromley, Greater London BR2 0YH | £5,127 | 77 | 2 | Flat | |
£335K | 08/21 | 0.17 mi | 4a, Shortlands Gardens, Bromley, Greater London BR2 0EA | £5,154 | 65 | 2 | Flat | |
£280K | 08/21 | 0.21 mi | 37a, Martins Road, Bromley, Greater London BR2 0EE | £4,828 | 58 | 2 | Flat | |
£430K | 06/21 | 0.23 mi | 48a, Valley Road, Bromley, Greater London BR2 0HD | £5,707 | 75 | 2 | Flat | |
£430K | 11/22 | 0.24 mi | 52a, Valley Road, Bromley, Greater London BR2 0HD | - | - | 2 | Flat | |
£285K | 03/21 | 0.24 mi | 14, Madeira Avenue, Bromley, Greater London BR1 4AZ | £5,481 | 52 | 2 | Flat | |
£350K | 12/20 | 0.26 mi | 24, Cadogan Close, Beckenham, Greater London BR3 5XY | £5,303 | 66 | 2 | Flat | |
£350K | 04/21 | 0.29 mi | 5, Pump House Close, Bromley, Greater London BR2 0LA | £5,000 | 70 | 2 | Flat | |
£423K | 07/23 | 0.29 mi | 6, Pump House Close, Bromley, Greater London BR2 0LA | £6,689 | 63 | 2 | Flat | |
£400K | 06/23 | 0.29 mi | Flat 1, Cranley Court, Beckenham Grove, Bromley, Greater London BR2 0JZ | - | - | 2 | Flat | |
£355K | 12/20 | 0.31 mi | 38d, Madeira Avenue, Bromley, Greater London BR1 4AY | £6,961 | 51 | 2 | Flat | |
£270K | 10/21 | 0.31 mi | Flat 16, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG | - | - | 2 | Flat | |
£287.5K | 08/23 | 0.31 mi | Flat 15, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG | - | - | 2 | Flat | |
£485K | 03/21 | 0.34 mi | 7b, Church Road, Shortlands, Bromley, Greater London BR2 0HP | £4,450 | 109 | 2 | Flat | |
£285K | 11/20 | 0.35 mi | 150, Blyth Road, Bromley, Greater London BR1 3RT | £4,453 | 64 | 2 | Flat | |
£297.5K | 03/21 | 0.38 mi | Flat 9, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ | - | - | 2 | Flat | |
£300K | 05/21 | 0.38 mi | Flat 10, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ | - | - | 2 | Flat | |
£351K | 01/21 | 0.41 mi | Flat 17, Weymouth House, Hill House Mews, Bromley, Greater London BR2 0DD | - | - | 2 | Flat | |
£360K | 11/20 | 0.42 mi | 166, Farnaby Road, Bromley, Greater London BR2 0BB | £5,455 | 66 | 2 | Flat | |
£375K | 05/23 | 0.44 mi | 5, West Oak, Beckenham, Greater London BR3 5EZ | £6,188 | 61 | 2 | Flat | |
£427.5K | 02/23 | 0.44 mi | 12, Foxes Dale, Bromley, Greater London BR2 0JS | £5,089 | 84 | 2 | Flat | |
£302.5K | 03/21 | 0.46 mi | 4, Glassmill Lane, Bromley, Greater London BR2 0EJ | £5,758 | 53 | 2 | Flat | |
£375K | 03/21 | 0.5 mi | Flat 1, St James Court, Edison Road, Bromley, Greater London BR2 0EZ | - | - | 2 | Flat | |
£265K | 03/21 | 0.5 mi | Flat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF | - | - | 2 | Flat | |
£350K | 07/23 | 0.5 mi | Flat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF | - | - | 2 | Flat | |
£265K | 04/21 | 0.54 mi | 33, Weston Grove, Bromley, Greater London BR1 3RJ | £3,841 | 69 | 2 | Flat | |
£375K | 11/20 | 0.56 mi | 16a, Hammelton Road, Bromley, Greater London BR1 3PY | £4,261 | 88 | 2 | Flat | |
£350K | 01/21 | 0.56 mi | 44b, Hammelton Road, Bromley, Greater London BR1 3PY | £6,140 | 57 | 2 | Flat | |
£310K | 06/21 | 0.59 mi | 31, Weston Road, Bromley, Greater London BR1 3RH | £4,429 | 70 | 2 | Flat | |
£335K | 03/21 | 0.59 mi | 54, Hope Park, Bromley, Greater London BR1 3RQ | £3,526 | 95 | 2 | Flat | |
£325.3K | 03/23 | 0.61 mi | 98a, London Road, Bromley, Greater London BR1 3RL | £5,514 | 59 | 2 | Flat | |
£238K | 11/20 | 0.62 mi | 91, Hope Park, Bromley, Greater London BR1 3RG | £4,407 | 54 | 2 | Flat | |
£223K | 04/23 | 0.66 mi | 85, Howard Road, Bromley, Greater London BR1 3QQ | £4,055 | 55 | 2 | Flat | |
£235K | 03/21 | 0.67 mi | Flat 23, Newman Court, North Street, Bromley, Greater London BR1 1BQ | - | - | 2 | Flat | |
£370K | 06/21 | 0.67 mi | 13, Madison Gardens, Bromley, Greater London BR2 0SJ | £5,211 | 71 | 2 | Flat | |
£330K | 07/23 | 0.69 mi | 47c, Ravensbourne Road, Bromley, Greater London BR1 1HW | £4,342 | 76 | 2 | Flat | |
£340K | 04/21 | 0.7 mi | 44b, Morgan Road, Bromley, Greater London BR1 3QF | - | - | 2 | Flat | |
£325K | 11/20 | 0.7 mi | 78a, Morgan Road, Bromley, Greater London BR1 3QF | £5,603 | 58 | 2 | Flat | |
£442.5K | 02/23 | 0.71 mi | 28a, Durham Avenue, Bromley, Greater London BR2 0QB | - | - | 2 | Flat | |
£350K | 08/23 | 0.71 mi | 39, Lankton Close, Beckenham, Greater London BR3 5DZ | £5,000 | 70 | 2 | Flat | |
£357K | 11/20 | 0.78 mi | The First And Second Floor Flat, 108, College Road, Bromley, Greater London BR1 3PF | - | - | 2 | Flat | |
£357K | 11/20 | 0.79 mi | The First And Second Floor Flat, 108, College Road, Bromley, Greater London BR1 3PF | - | - | 2 | Flat | |
£517.5K | 06/23 | 0.81 mi | Flat 1, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH | - | - | 2 | Flat | |
£440K | 03/21 | 0.82 mi | Flat 3, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH | - | - | 2 | Flat | |
£375K | 04/21 | 0.82 mi | 8, Apex Close, Beckenham, Greater London BR3 5TU | - | - | 2 | Flat | |
£380K | 02/21 | 0.82 mi | 6, Apex Close, Beckenham, Greater London BR3 5TU | £5,000 | 76 | 2 | Flat | |
£395K | 03/21 | 0.82 mi | 28, Apex Close, Beckenham, Greater London BR3 5TU | £5,338 | 74 | 2 | Flat | |
£375K | 04/23 | 0.82 mi | 40, Apex Close, Beckenham, Greater London BR3 5TU | £4,783 | 78 | 2 | Flat | |
£415K | 01/23 | 0.82 mi | 17, Apex Close, Beckenham, Greater London BR3 5TU | £8,252 | 50 | 2 | Flat |
Local Rents
50 rents from £1.5K/mo to £3K/mo, average is £1.8K/mo.
Rent | Date | Distance | Address | Beds | Type | |
£1,550 | 04/24 | 0.01 mi | Bromley Road, Shortlands, Bromley, BR2 | 2 | Flat | |
£1,725 | 03/24 | 0.08 mi | Glecoe, Park Hill Road, Shortlands, BR2 | 2 | Flat | |
£1,750 | 03/24 | 0.08 mi | Meadow Road, Bromley, BR2 | 2 | Terraced House | |
£1,750 | 04/24 | 0.1 mi | Meadow Road, Bromley, BR2 | 2 | Flat | |
£1,750 | 03/24 | 0.14 mi | Martins Road, Shortlands, Bromley, BR2 | 2 | Flat | |
£1,600 | 03/25 | 0.14 mi | - | 2 | Flat | |
£1,500 | 03/24 | 0.15 mi | Shortlands Gardens, Shortlands, Bromley, BR2 | 2 | Flat | |
£1,750 | 12/24 | 0.16 mi | - | 2 | Flat | |
£1,750 | 04/24 | 0.16 mi | The Knoll, Bromley, BR2 | 2 | Flat | |
£2,300 | 03/25 | 0.18 mi | - | 2 | Terraced House | |
£1,600 | 03/24 | 0.18 mi | Park Hill Road, Bromley | 2 | Flat | |
£1,800 | 04/24 | 0.21 mi | Recreation Road Bromley BR2 | 2 | Semi-Detached House | |
£1,500 | 03/24 | 0.22 mi | Martins Road, Shortlands, Bromley, BR2 | 2 | Flat | |
£1,700 | 02/25 | 0.23 mi | - | 2 | Flat | |
£1,800 | 12/24 | 0.23 mi | Valley Road Bromley BR2 | 2 | Flat | |
£1,500 | 04/24 | 0.23 mi | Beckenham Grove, Shortlands, BR2 | 2 | Flat | |
£1,700 | 03/24 | 0.25 mi | Caton Court, 4 Beckenham Grove, Bromley, Kent, BR2 | 2 | Flat | |
£1,700 | 04/24 | 0.25 mi | Farnaby Road, Bromley, BR1 | 2 | Flat | |
£2,100 | 03/24 | 0.25 mi | Albemarle Road Beckenham BR3 | 2 | Flat | |
£1,950 | 04/25 | 0.26 mi | - | 2 | Flat | |
£1,700 | 03/24 | 0.27 mi | Beckenham Grove, Bromley, BR2 | 2 | Flat | |
£1,800 | 03/25 | 0.31 mi | - | 2 | Flat | |
£1,800 | 02/25 | 0.33 mi | - | 2 | Flat | |
£1,750 | 03/24 | 0.34 mi | Beckenham Lane, Bromley, BR2 | 2 | Flat | |
£1,750 | 04/24 | 0.34 mi | Beckenham Lane, Shortlands, Bromley, BR2 | 2 | Flat | |
£1,500 | 04/25 | 0.36 mi | - | 2 | Flat | |
£1,850 | 03/24 | 0.36 mi | Pump House Close, BR2 | 2 | Flat | |
£2,200 | 04/25 | 0.37 mi | - | 2 | Flat | |
£2,150 | 03/24 | 0.37 mi | Shortlands Grove Bromley BR2 | 2 | Flat | |
£2,150 | 04/24 | 0.37 mi | Shortlands Grove Bromley BR2 | 2 | Flat | |
£1,600 | 02/24 | 0.37 mi | - | 2 | Flat | |
£1,600 | 02/24 | 0.37 mi | - | 2 | Flat | |
£1,800 | 03/24 | 0.38 mi | - | 2 | Flat | |
£2,000 | 03/24 | 0.39 mi | Queens Mead Road Bromley BR2 | 2 | Flat | |
£1,550 | 04/25 | 0.41 mi | - | 2 | Flat | |
£1,700 | 04/24 | 0.41 mi | Weymouth House, Bromley, BR2 | 2 | Flat | |
£1,950 | 03/24 | 0.41 mi | Blyth Road, Bromley, BR1 | 2 | Flat | |
£1,950 | 03/24 | 0.42 mi | Blyth Road Bromley BR1 | 2 | Flat | |
£1,650 | 12/24 | 0.43 mi | - | 2 | Flat | |
£1,950 | 04/24 | 0.43 mi | 4 Blyth Road, Bromley, Kent, BR1 | 2 | Flat | |
£1,700 | 03/24 | 0.43 mi | Highland Road, Bromley, BR1 | 2 | Flat | |
£1,700 | 01/25 | 0.44 mi | - | 2 | Terraced House | |
£1,700 | 02/25 | 0.44 mi | - | 2 | Terraced House | |
£1,800 | 01/25 | 0.45 mi | - | 2 | Flat | |
£3,000 | 02/25 | 0.45 mi | - | 2 | Flat | |
£1,800 | 02/25 | 0.47 mi | - | 2 | Flat | |
£1,650 | 03/24 | 0.47 mi | Glassmill Lane, Shortlands, Bromley, BR2 | 2 | Flat | |
£1,699 | 03/24 | 0.47 mi | - | 2 | Flat | |
£1,699 | 03/24 | 0.47 mi | Bromley Road, Beckenham, BR3 | 2 | Flat | |
£1,600 | 04/24 | 0.47 mi | Kingswood Road, Bromley, London, BR2 | 2 | Flat |
Local Area Statistics
Population in BR2 | 44,90344,903 |
Nearest school | 0.20 miles away0.20 miles away |
Nearest train station | 0.04 miles away0.04 miles away |
| |
Rental demand | Landlord's marketLandlord's market |
Rental growth (12m) | +9%+9% |
Sales demand | Balanced marketBalanced market |
Capital growth (5yrs) | +15%+15% |
Property History
Listed for £300,000
January 30, 2025
Floor Plans

Description
- Seperate kitchen +
- Close to Bromley Town Centre +
- Close to Shorthands Station +
- First floor two bedroom flat +
- Bright reception room +
- Shower room with WC and wash basin +
- Residents parking +
- CHAIN FREE +
Guide Price £300,000 - £325,000
This well-presented two-bedroom flat is ideally located on the first floor of this residential block, offering convenience, comfort, and practicality. Perfect for first-time buyers, investors, or those seeking a commuter-friendly home, this property is offered to the market chain-free.
The property features an inviting entrance hallway with ample storage cupboards, providing a practical space for coats, shoes, and everyday essentials. The bright and welcoming reception room is enhanced by a charming bay window, which floods the space with natural light, making it ideal for relaxing or entertaining.
The separate kitchen is thoughtfully designed with a range of wall and base units, a freestanding oven and hob, space for additional appliances, and a breakfast bar, offering a practical area for casual dining.
There are two generously sized double bedrooms, with the master bedroom benefiting from built-in wardrobes for convenient storage. The modern shower room is fully tiled and features a shower cubicle, WC, and wash basin, creating a functional and stylish space. Additional benefits include gas central heating, double-glazed windows, residents- permit parking, and access to well-maintained communal gardens.
The property-s location is second to none, just a short stroll from Shortlands Station, which offers excellent transport links into London, perfect for commuters. The immediate area boasts a variety of local shops, cafes, and pubs, while Bromley town centre is also within walking distance, offering a wide array of shopping, dining, and entertainment options. For those who enjoy the outdoors, the area is surrounded by green spaces, providing plenty of opportunities for leisure and relaxation.
This two-bedroom flat combines practicality, a fantastic location, and the convenience of being chain-free, making it a rare find in today's market. Early viewings are highly recommended, don't miss the opportunity to make this property your own!
Leasehold
83 years remaining on the lease.
Service charge -£1,200.00 approx. pa
Ground rent – £10 pa
Viewing: By appointment via Truepenny's.
Truepenny's Property Consultants for themselves and for the owner of this property for whom we act as agents, give notice of the following: (1) these particulars do not constitute any part of an offer or contract, (2) all statements contained within these particulars are made without responsibility on the part of the Landlord/Vendor or Truepenny's Property Consultants, (3) none of the statements contained within these particulars are to be relied upon as a statement of representation or fact, (4) any intending tenant/buyer must satisfy him/herself by inspection or otherwise as to the correctness of each of the statements contained within these particulars, (5) the Landlord/Vendor does not make or give either Truepenny's Property Consultants or any person in their employment any authority to make or give representation or warranty whatsoever in relation to this property. (5) any computer generated images, virtually staged images, artist-s impressions and floorplans are used purely for illustrative purposes only. They are intended to show what furnishings or fixtures could look like at the property and does not necessarily represent the actual furnishings and fixtures which maybe present at the time of inspection.Truepenny’s Property Consultants for themselves and for the owner of this property for whom we act as agents, give notice of the following: (1) these particulars do not constitute any part of an offer or contract, (2) all statements contained within these particulars are made without responsibility on the part of the Landlord/Vendor or Truepenny’s Property Consultants, (3) none of the statements contained within these particulars are to be relied upon as a statement of representation or fact, (4) any intending tenant/buyer must satisfy him/herself by inspection or otherwise as to the correctness of each of the statements contained within these particulars, (5) the Landlord/Vendor does not make or give either Truepenny’s Property Consultants or any person in their employment any authority to make or give representation or warranty whatsoever in relation to this property. (6) any computer-generated images, virtually staged images, artist’s impressions and floorplans are used purely for illustrative purposes only. They are intended to show what furnishings or fixtures could look like at the property and does not necessarily represent the actual furnishings and fixtures which may be present at the time of inspection.
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