2 Bed Flat, Single Let, Bromley, BR1 5RL, £300,000

Beachborough Road, Bromley, BR1 5RL - 2 months ago

Leasehold

BTL

ROI: 4%

~61 m²

+7 photos

ValuationUndervalued

Sold Prices	£200K - £450K
Sold Prices/m²	£3.9K/m² - £6.9K/m²

Square Metres	~60.76 m²
Price/m²	£4.9K/m²
Value Estimate	£312,453£312,453
BMV	4%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£75,000£75,000
Stamp Duty & Legal Fees	£21,200£21,200
Total Cash In	£96,200£96,200

Cash Out
Rent Range	£1,450 - £1,900£1,450 - £1,900
Rent Estimate	£1,550
Running Costs/mo	£1,267£1,267
Cashflow/mo	£283£283
Cashflow/yr	£3,396£3,396
ROI	4%4%
Gross Yield	6%6%

Local Sold Prices

48 sold prices from £200K to £450K, average is £308.8K. £3.9K/m² to £6.9K/m², average is £5.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£247.5K	12/20	0.28 mi	Flat 9, Whitchurch House, Bromley Road, Catford, London, Greater London SE6 2TE	-	-	2	Flat
£265K	01/23	0.41 mi	89, Dunfield Road, London, Greater London SE6 3RG	£4,015	66	2	Flat
£270K	12/22	0.42 mi	287, Brookehowse Road, London, Greater London SE6 3TS	-	-	2	Flat
£350K	01/21	0.57 mi	9a, Callander Road, London, Greater London SE6 2QA	£5,738	61	2	Flat
£335K	07/21	0.57 mi	13, Callander Road, London, Greater London SE6 2QA	£5,403	62	2	Flat
£425K	12/20	0.63 mi	81a, Birkhall Road, London, Greater London SE6 1TD	£6,641	64	2	Flat
£285K	12/23	0.64 mi	51b, Ardoch Road, London, Greater London SE6 1SN	£5,278	54	2	Flat
£360K	06/21	0.66 mi	119a, Bromley Road, Catford, London, Greater London SE6 2NZ	£3,871	93	2	Flat
£242.5K	12/20	0.67 mi	Flat 16, Rokell House, Beckenham Hill Road, Beckenham, Greater London BR3 1TF	£4,181	58	2	Flat
£260K	06/23	0.72 mi	11, Cowden Street, London, Greater London SE6 3SW	£3,939	66	2	Flat
£330K	11/23	0.73 mi	79, Broadmead, Bellingham, London, Greater London SE6 3SD	£6,111	54	2	Flat
£250K	11/20	0.74 mi	106, Evans Road, London, Greater London SE6 1QQ	£3,906	64	2	Flat
£312K	11/20	0.74 mi	97, Swallands Road, London, Greater London SE6 3HG	£5,032	62	2	Flat
£415K	01/21	0.75 mi	1, Arran Road, London, Greater London SE6 2LT	£3,876	107	2	Flat
£310K	01/21	0.75 mi	89a, Arran Road, London, Greater London SE6 2LS	£4,627	67	2	Flat
£335K	11/20	0.76 mi	21, Cowdrey Mews, London, Greater London SE6 3AP	£5,076	66	2	Flat
£335K	10/21	0.76 mi	17, Meadowview Road, London, Greater London SE6 3NL	£6,569	51	2	Flat
£285K	01/21	0.76 mi	43, Meadowview Road, London, Greater London SE6 3NL	£5,377	53	2	Flat
£370K	01/24	0.77 mi	18, Meadow Close, London, Greater London SE6 3NW	£5,873	63	2	Flat
£320K	09/23	0.77 mi	14, Meadow Close, London, Greater London SE6 3NW	£6,038	53	2	Flat
£295K	09/21	0.79 mi	60, Meadowview Road, London, Greater London SE6 3NN	£5,900	50	2	Flat
£265K	08/23	0.79 mi	46, Meadowview Road, London, Greater London SE6 3NN	-	-	2	Flat
£200K	07/23	0.79 mi	36, Meadowview Road, London, Greater London SE6 3NN	-	-	2	Flat
£265K	12/20	0.8 mi	4, Meadow Close, London, Greater London SE6 3NW	£5,096	52	2	Flat
£250K	01/23	0.81 mi	113, Meadowview Road, London, Greater London SE6 3NJ	£5,000	50	2	Flat
£292K	01/24	0.81 mi	101, Meadowview Road, London, Greater London SE6 3NJ	-	-	2	Flat
£276K	04/21	0.84 mi	158, Meadowview Road, London, Greater London SE6 3NQ	-	-	2	Flat
£235K	07/23	0.86 mi	179b, Broadfield Road, London, Greater London SE6 1TJ	£4,452	53	2	Flat
£450K	03/21	0.87 mi	58a, Bargery Road, London, Greater London SE6 2LN	£5,844	77	2	Flat
£372K	10/21	0.88 mi	210a, Wellmeadow Road, Catford, London, Greater London SE6 1HS	-	-	2	Flat
£356.5K	08/21	0.88 mi	37a, Hazelbank Road, Catford, London, Greater London SE6 1LN	£6,147	58	2	Flat
£299K	10/21	0.89 mi	168, Meadowview Road, London, Greater London SE6 3NH	£5,537	54	2	Flat
£450K	01/23	0.89 mi	43a, Bargery Road, London, Greater London SE6 2LJ	-	-	2	Flat
£305K	01/21	0.9 mi	114, Moremead Road, London, Greater London SE6 3LT	£5,980	51	2	Flat
£315K	06/21	0.91 mi	97, Moremead Road, London, Greater London SE6 3LS	£6,563	48	2	Flat
£275K	03/23	0.92 mi	277, Downham Way, Bromley, Greater London BR1 5EN	£5,189	53	2	Flat
£305K	02/21	0.93 mi	145a, Culverley Road, London, Greater London SE6 2JZ	-	-	2	Flat
£320K	09/21	0.94 mi	Flat 5, Jodie Court, Stevens Close, Beckenham, Greater London BR3 1RT	-	-	2	Flat
£325K	05/23	0.94 mi	Flat 29, Priory House Court, Bromley Road, Catford, London, Greater London SE6 2UB	£4,710	69	2	Flat
£357.5K	06/21	0.94 mi	Flat 24, Priory House Court, Bromley Road, London, Greater London SE6 2UB	-	-	2	Flat
£307.7K	04/23	0.94 mi	Flat 27, Priory House Court, Bromley Road, Catford, London, Greater London SE6 2UB	-	-	2	Flat
£405K	05/21	0.95 mi	27, Shannon Way, Beckenham, Greater London BR3 1WG	£5,466	74	2	Flat
£401K	05/21	0.95 mi	26, Shannon Way, Beckenham, Greater London BR3 1WG	£4,506	89	2	Flat
£434.5K	07/23	0.95 mi	8, Shannon Way, Beckenham, Greater London BR3 1WG	£4,530	96	2	Flat
£262.5K	06/21	0.97 mi	72, Montana Gardens, London, Greater London SE26 5BG	£4,605	57	2	Flat
£270K	04/23	0.97 mi	67, Montana Gardens, London, Greater London SE26 5BG	£4,704	57	2	Flat
£360K	09/23	0.98 mi	21, Hanson Close, Beckenham, Greater London BR3 1WJ	£6,881	52	2	Flat
£268K	02/23	0.99 mi	211, Sangley Road, London, Greater London SE6 2DY	£4,254	63	2	Flat

Local Rents

16 rents from £1.4K/mo to £1.9K/mo, average is £1.7K/mo.

Rent	Date	Distance	Address	Beds	Type
£1,900	08/24	0.39 mi	Bromley Road, London	2	Flat
£1,600	03/24	0.39 mi	Downderry Road Bromley BR1	2	House
£1,900	08/24	0.41 mi	-	2	Flat
£1,750	02/25	0.43 mi	-	2	Flat
£1,800	02/25	0.43 mi	-	2	Flat
£1,750	12/24	0.46 mi	-	2	Flat
£1,450	08/24	0.46 mi	-	2	Flat
£1,680	04/25	0.47 mi	-	2	Terraced House
£1,750	03/24	0.47 mi	Oakridge Road, Bromley, London, BR1	2	Terraced House
£1,600	03/24	0.47 mi	Nesbitt House, Bromley	2	Flat
£1,750	08/24	0.47 mi	Randisbourne Gardens, Bromley Road, London SE6	2	Flat
£1,550	08/24	0.49 mi	Daneby, SE6	2	Flat
£1,600	10/24	0.5 mi	-	2	Flat
£1,600	08/24	0.52 mi	Bellingham Road, Catford, SE6	2	Flat
£1,550	08/24	0.52 mi	-	2	Flat
£1,750	08/24	0.62 mi	Gilton Road, London SE9	2	Flat

Local Area Statistics

Population in BR1	55,93155,931
Population in Bromley	55,94755,947
Town centre distance	2.43 miles away2.43 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.39 miles away0.39 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

February 3, 2025

Floor Plans

Description

Two Bedroom Flat +
Popular Location +
Double Glazed +
Gas Fired Central Heating +
Communal Gardens +
Close to Beckenham Hill Station +
Residents Parking +
Close To Popular Schools +

Generous two bedroom ground floor flat, set within a popular development close to Beckenham Hill Station and bus routes connecting Bromley and Lewisham. Communal entrance with entry phone system, hallway with built in storage. larger than average lounge/diner, white fitted kitchen, two bedrooms and bathroom suite. Communal gardens are located to the rear, and residents parking being unallocated. Beckenham Place Park and Forster Park are close by with a selection of local shops. Popular schools include St John Baptist Southend Church of England Primary School and St Augustine's Catholic Primary School and Nursery. The popular Radley Court is situated within a popular road opposite Beechborugh Green. Local shops can be found along the road on Bromley Road. Local parks include Forster Memorial Park ad Beckenham Place Park. Beckenham Hill. Beckenham Hill station which provides links into London Blackfriars is within 0.4 of a mile away. Bus routes connect Bromley and Lewisham town centres Standard Construction

Agent Details

Proctors, Bromley

020 3872 2917

Next Steps?

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

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