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

Willow House, Bromley Road, Bromley, BR2 0BN - 3 views - 2 months ago

Leasehold
BTL
ROI: 3%
~68 m²
+6 photos

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
BMV17%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£75,000

Stamp Duty & Legal Fees

£12,700

Total Cash In

£87,700

 

 

Cash Out

 

Rent Range

£1,500 - £3,000

Rent Estimate

£1,500

Running Costs/mo

£1,258

Cashflow/mo

£243

Cashflow/yr

£2,910

ROI

3%

Gross Yield

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.

PriceDateDistanceAddressBeds 
£435K06/210.08 mi27a, Meadow Road, Bromley, Greater London BR2 0DX2
£395K06/210.17 mi15, Hildenlea Place, Bromley, Greater London BR2 0YH2
£335K08/210.17 mi4a, Shortlands Gardens, Bromley, Greater London BR2 0EA2
£280K08/210.21 mi37a, Martins Road, Bromley, Greater London BR2 0EE2
£430K06/210.23 mi48a, Valley Road, Bromley, Greater London BR2 0HD2
£430K11/220.24 mi52a, Valley Road, Bromley, Greater London BR2 0HD2
£285K03/210.24 mi14, Madeira Avenue, Bromley, Greater London BR1 4AZ2
£350K12/200.26 mi24, Cadogan Close, Beckenham, Greater London BR3 5XY2
£350K04/210.29 mi5, Pump House Close, Bromley, Greater London BR2 0LA2
£423K07/230.29 mi6, Pump House Close, Bromley, Greater London BR2 0LA2
£400K06/230.29 miFlat 1, Cranley Court, Beckenham Grove, Bromley, Greater London BR2 0JZ2
£355K12/200.31 mi38d, Madeira Avenue, Bromley, Greater London BR1 4AY2
£270K10/210.31 miFlat 16, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£287.5K08/230.31 miFlat 15, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£485K03/210.34 mi7b, Church Road, Shortlands, Bromley, Greater London BR2 0HP2
£285K11/200.35 mi150, Blyth Road, Bromley, Greater London BR1 3RT2
£297.5K03/210.38 miFlat 9, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ2
£300K05/210.38 miFlat 10, Karen Court, Blyth Road, Bromley, Greater London BR1 3RZ2
£351K01/210.41 miFlat 17, Weymouth House, Hill House Mews, Bromley, Greater London BR2 0DD2
£360K11/200.42 mi166, Farnaby Road, Bromley, Greater London BR2 0BB2
£375K05/230.44 mi5, West Oak, Beckenham, Greater London BR3 5EZ2
£427.5K02/230.44 mi12, Foxes Dale, Bromley, Greater London BR2 0JS2
£302.5K03/210.46 mi4, Glassmill Lane, Bromley, Greater London BR2 0EJ2
£375K03/210.5 miFlat 1, St James Court, Edison Road, Bromley, Greater London BR2 0EZ2
£265K03/210.5 miFlat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF2
£350K07/230.5 miFlat 4, Cawston Court, Highland Road, Bromley, Greater London BR1 4AF2
£265K04/210.54 mi33, Weston Grove, Bromley, Greater London BR1 3RJ2
£375K11/200.56 mi16a, Hammelton Road, Bromley, Greater London BR1 3PY2
£350K01/210.56 mi44b, Hammelton Road, Bromley, Greater London BR1 3PY2
£310K06/210.59 mi31, Weston Road, Bromley, Greater London BR1 3RH2
£335K03/210.59 mi54, Hope Park, Bromley, Greater London BR1 3RQ2
£325.3K03/230.61 mi98a, London Road, Bromley, Greater London BR1 3RL2
£238K11/200.62 mi91, Hope Park, Bromley, Greater London BR1 3RG2
£223K04/230.66 mi85, Howard Road, Bromley, Greater London BR1 3QQ2
£235K03/210.67 miFlat 23, Newman Court, North Street, Bromley, Greater London BR1 1BQ2
£370K06/210.67 mi13, Madison Gardens, Bromley, Greater London BR2 0SJ2
£330K07/230.69 mi47c, Ravensbourne Road, Bromley, Greater London BR1 1HW2
£340K04/210.7 mi44b, Morgan Road, Bromley, Greater London BR1 3QF2
£325K11/200.7 mi78a, Morgan Road, Bromley, Greater London BR1 3QF2
£442.5K02/230.71 mi28a, Durham Avenue, Bromley, Greater London BR2 0QB2
£350K08/230.71 mi39, Lankton Close, Beckenham, Greater London BR3 5DZ2
£357K11/200.78 miThe First And Second Floor Flat, 108, College Road, Bromley, Greater London BR1 3PF2
£357K11/200.79 miThe First And Second Floor Flat, 108, College Road, Bromley, Greater London BR1 3PF2
£517.5K06/230.81 miFlat 1, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH2
£440K03/210.82 miFlat 3, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH2
£375K04/210.82 mi8, Apex Close, Beckenham, Greater London BR3 5TU2
£380K02/210.82 mi6, Apex Close, Beckenham, Greater London BR3 5TU2
£395K03/210.82 mi28, Apex Close, Beckenham, Greater London BR3 5TU2
£375K04/230.82 mi40, Apex Close, Beckenham, Greater London BR3 5TU2
£415K01/230.82 mi17, Apex Close, Beckenham, Greater London BR3 5TU2

Local Rents

50 rents from £1.5K/mo to £3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,55004/240.01 miBromley Road, Shortlands, Bromley, BR22
£1,72503/240.08 miGlecoe, Park Hill Road, Shortlands, BR22
£1,75003/240.08 miMeadow Road, Bromley, BR22
£1,75004/240.1 miMeadow Road, Bromley, BR22
£1,75003/240.14 miMartins Road, Shortlands, Bromley, BR22
£1,60003/250.14 mi-2
£1,50003/240.15 miShortlands Gardens, Shortlands, Bromley, BR22
£1,75012/240.16 mi-2
£1,75004/240.16 miThe Knoll, Bromley, BR22
£2,30003/250.18 mi-2
£1,60003/240.18 miPark Hill Road, Bromley2
£1,80004/240.21 miRecreation Road Bromley BR22
£1,50003/240.22 miMartins Road, Shortlands, Bromley, BR22
£1,70002/250.23 mi-2
£1,80012/240.23 miValley Road Bromley BR22
£1,50004/240.23 miBeckenham Grove, Shortlands, BR22
£1,70003/240.25 miCaton Court, 4 Beckenham Grove, Bromley, Kent, BR22
£1,70004/240.25 miFarnaby Road, Bromley, BR12
£2,10003/240.25 miAlbemarle Road Beckenham BR32
£1,95004/250.26 mi-2
£1,70003/240.27 miBeckenham Grove, Bromley, BR22
£1,80003/250.31 mi-2
£1,80002/250.33 mi-2
£1,75003/240.34 miBeckenham Lane, Bromley, BR22
£1,75004/240.34 miBeckenham Lane, Shortlands, Bromley, BR22
£1,50004/250.36 mi-2
£1,85003/240.36 miPump House Close, BR22
£2,20004/250.37 mi-2
£2,15003/240.37 miShortlands Grove Bromley BR22
£2,15004/240.37 miShortlands Grove Bromley BR22
£1,60002/240.37 mi-2
£1,60002/240.37 mi-2
£1,80003/240.38 mi-2
£2,00003/240.39 miQueens Mead Road Bromley BR22
£1,55004/250.41 mi-2
£1,70004/240.41 miWeymouth House, Bromley, BR22
£1,95003/240.41 miBlyth Road, Bromley, BR12
£1,95003/240.42 miBlyth Road Bromley BR12
£1,65012/240.43 mi-2
£1,95004/240.43 mi4 Blyth Road, Bromley, Kent, BR12
£1,70003/240.43 miHighland Road, Bromley, BR12
£1,70001/250.44 mi-2
£1,70002/250.44 mi-2
£1,80001/250.45 mi-2
£3,00002/250.45 mi-2
£1,80002/250.47 mi-2
£1,65003/240.47 miGlassmill Lane, Shortlands, Bromley, BR22
£1,69903/240.47 mi-2
£1,69903/240.47 miBromley Road, Beckenham, BR32
£1,60004/240.47 miKingswood Road, Bromley, London, BR22

Local Area Statistics

Population in BR2

44,903

Nearest school

0.20 miles away

Nearest train station

0.04 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+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.

Agent Details

Truepenny's Property Consultants, Beckenham

020 8464 9962

Next Steps?

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