4 Bed Semi-Detached House, Planning Permission, Bromley, BR1 4EN, £975,000

Lake Avenue, Bromley, Kent, BR1 4EN - 1 views - 3 months ago

Planning
~129 m²
+17 photos

ValuationOvervalued

Sold Prices£378K - £1.2M
Sold Prices/m²£3.7K/m² - £9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£7.5K/m²

Value Estimate

£658,765

 

 

End Value (After Refurb)

£888,750

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£243,750

Stamp Duty & Legal Fees

£91,200

Refurb Costs

£68,381

Bridging Loan Interest

£25,594

Total Cash In

£430,675

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£888,750

Mortgage (After Refinance)

£666,563

Mortgage LTV

75%

Cash Left In

£430,675

Equity

£222,188

Rent Range

£1,600 - £5,500

Rent Estimate

£2,744

Running Costs/mo

£3,346

Cashflow/mo

£-602

Cashflow/yr

£-7,226

Gross Yield

3%

Local Sold Prices

50 sold prices from £378K to £1.2M, average is £658.8K. £3.7K/m² to £9K/m², average is £5.2K/m².

PriceDateDistanceAddressBeds 
£650K12/220.05 mi9, Fenn Close, Bromley, Greater London BR1 4DX4
£650K06/210.08 mi4, Fenn Close, Bromley, Greater London BR1 4DX4
£650K06/210.08 mi1, Fenn Close, Bromley, Greater London BR1 4DX4
£660K03/230.08 mi7, Fenn Close, Bromley, Greater London BR1 4DX4
£685K08/230.08 mi2, Fenn Close, Bromley, Greater London BR1 4DX4
£815K01/210.08 mi27, Quernmore Close, Bromley, Greater London BR1 4EL4
£657.5K02/210.08 mi12, Quernmore Close, Bromley, Greater London BR1 4EL4
£840K05/230.08 mi9, Quernmore Close, Bromley, Greater London BR1 4EL4
£800K04/230.08 mi14, Quernmore Close, Bromley, Greater London BR1 4EL4
£915K08/210.15 mi43, Park Avenue, Bromley, Greater London BR1 4EG4
£515K01/210.18 mi10, Roslin Way, Bromley, Greater London BR1 4QT4
£625K02/210.28 mi50, Minster Road, Bromley, Greater London BR1 4DZ4
£518K02/210.28 mi51, Kynaston Road, Bromley, Greater London BR1 5AN4
£600K01/210.28 mi15, Lytchet Road, Bromley, Greater London BR1 4DU4
£1.2M07/230.31 mi9, Minster Road, Bromley, Greater London BR1 4DY4
£800K06/210.31 mi12, Minster Road, Bromley, Greater London BR1 4DZ4
£878K10/220.34 mi7, Lawn Close, Bromley, Greater London BR1 3NA4
£880K02/230.35 mi9, Gilbert Road, Bromley, Greater London BR1 3QP4
£697K03/210.35 mi25, Fairfield Road, Bromley, Greater London BR1 3QN4
£745K06/210.36 mi1, Cairndale Close, Bromley, Greater London BR1 4HH4
£785K06/210.39 mi9, Cambridge Road, Bromley, Greater London BR1 4EB4
£535K06/210.4 mi32, Saxon Road, Bromley, Greater London BR1 3RP4
£560K06/230.4 mi18, Saxon Road, Bromley, Greater London BR1 3RP4
£670K08/230.45 mi3, Briary Gardens, Bromley, Greater London BR1 5DA4
£650K12/200.45 mi59, Kings Avenue, Bromley, Greater London BR1 4HL4
£613K03/210.45 mi56, Howard Road, Bromley, Greater London BR1 3QJ4
£495K12/200.46 mi99, Avondale Road, Bromley, Greater London BR1 4HR4
£880K11/220.47 mi56, Crescent Road, Bromley, Greater London BR1 3PW4
£885K07/230.48 mi16, Lansdowne Road, Bromley, Greater London BR1 3LZ4
£730K02/210.48 mi94, Babbacombe Road, Bromley, Greater London BR1 3LS4
£378K12/200.49 mi391, Downham Way, Bromley, Greater London BR1 5EW4
£545K09/210.53 mi232, Burnt Ash Lane, Bromley, Greater London BR1 5BS4
£645K07/210.54 mi225, Burnt Ash Lane, Bromley, Greater London BR1 5DL4
£1.1M03/210.55 mi14, Coppergate Close, Bromley, Greater London BR1 3JG4
£640K02/210.55 mi116, Ridgeway Drive, Bromley, Greater London BR1 5DD4
£780K10/210.56 mi68, Babbacombe Road, Bromley, Greater London BR1 3LW4
£665K10/210.56 mi26, Babbacombe Road, Bromley, Greater London BR1 3LW4
£675K11/220.57 mi12, Oak Tree Gardens, Sundridge, Bromley, Greater London BR1 5BH4
£645K06/210.58 mi107, Ridgeway Drive, Bromley, Greater London BR1 5DB4
£558K11/200.6 mi29, Broadlands Road, Bromley, Greater London BR1 5DE4
£575K09/210.61 mi3, Hawkshead Close, Bromley, Greater London BR1 4TJ4
£745K03/230.61 mi5, Glebe Road, Bromley, Greater London BR1 3NT4
£570K03/230.62 mi23, Glebe Road, Bromley, Greater London BR1 3NT4
£625K06/230.62 mi15, Glebe Road, Bromley, Greater London BR1 3NT4
£580K09/210.63 mi12, Grasmere Road, Bromley, Greater London BR1 4BA4
£680K10/220.64 mi99, Ridgeway Drive, Bromley, Greater London BR1 5DB4
£585K04/210.65 mi14, Park End, Bromley, Greater London BR1 4AN4
£545K07/230.66 mi18, Ridgeway Drive, Bromley, Greater London BR1 5DQ4
£875K03/210.67 mi76, Madeira Avenue, Bromley, Greater London BR1 4AS4
£675K10/220.69 mi7, Milverton Place, Bromley, Greater London BR1 5FB4

Local Rents

50 rents from £1.6K/mo to £5.5K/mo, average is £2.4K/mo.

RentDateDistanceAddressBeds 
£4,95003/240.15 mi-5
£4,95003/240.15 mi-5
£4,95003/240.15 miAvondale Road, Bromley, BR15
£2,15003/240.3 miAutumn Grove, BROMLEY, BR13
£2,00002/250.36 mi-3
£2,34012/240.36 mi-3
£3,27504/240.36 miCollege Road, Bromley, BR15
£3,20005/240.36 mi-5
£3,20012/240.36 mi-5
£5,00003/250.37 mi-6
£5,00004/250.37 mi-6
£2,30012/240.37 mi-3
£2,65004/250.37 mi-3
£2,60004/250.37 mi-3
£5,50002/250.38 mi-5
£2,75003/240.39 miLondon Lane, Bromley, BR14
£2,30003/240.39 miCambridge Road Bromley BR13
£1,95003/240.39 miPlaistow Grove, BROMLEY, BR13
£2,00004/240.39 miMorgan Road Bromley BR13
£2,35003/240.41 miLansdowne Road Bromley BR13
£1,99904/240.42 miMorgan Road, Bromley, BR13
£1,70003/240.45 miPowster Road, Bromley. BR13
£3,50003/240.45 miKings Avenue Bromley BR14
£2,10004/240.46 miHeathfield Road, Bromley, BR13
£1,90001/250.47 mi-3
£2,25003/240.47 miPowster Road, Bromley, BR14
£1,60004/240.47 mi-4
£2,20002/250.48 mi-3
£3,30003/240.5 mi-4
£3,30012/240.5 mi-4
£3,35004/240.5 miDownham Way, Bromley, BR14
£3,88003/250.5 mi-4
£2,40001/240.5 mi-3
£2,50012/240.5 mi-3
£2,10012/240.5 mi-3
£2,20002/250.51 mi-3
£2,50003/250.51 mi-3
£2,50003/240.51 miChatsworth Avenue, Bromley, BR13
£2,30004/250.55 mi-3
£1,99003/240.56 miCawston Court, Bromley, BR13
£1,99004/240.56 mi-3
£2,00003/240.56 mi-3
£2,50012/240.58 mi-4
£2,60004/250.59 mi-3
£2,35003/250.59 mi-3
£2,25004/250.59 mi-3
£1,80004/240.6 miOaklands Road, Bromley, BR13
£2,10003/240.6 miOaklands Road, Bromley, BR13
£2,35004/250.61 mi-3
£2,99503/240.62 miPlaistow Lane, Bromley, Kent4

Local Area Statistics

Population in BR1

55,931

Population in Bromley

55,947

Town centre distance

1.29 miles away

Nearest school

0.20 miles away

Nearest train station

0.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £975,000

February 4, 2025

Floor Plans

Description

  • Exceptional four-bedroom semi-detached house +
  • Charming features +
  • Off street parking and garage +
  • Desirable location +
  • Planning permission granted for side extention and loft conversion. +

Guide Price £975,000 to £1,000,000
Located on Lake Avenue in Bromley, this exceptional four-bedroom semi-detached house offers a perfect blend of modern living, spacious interiors, and a convenient location.

Presented o the market CHAIN FREE is this property on Lake Avenue with its well-designed layout, charming features, and numerous amenities, this property presents an ideal opportunity for a family seeking a comfortable and elegant home.

Upon entering the property, you are greeted by a spacious hallway that sets the tone for the generous proportions and tasteful design found throughout the house. The ground floor boasts an expansive reception area, providing ample space for relaxation and entertainment. A separate dining room, is also accessed via the hallway.

The heart of the home is the modern kitchen, which seamlessly combines functionality and style. The additional living space within the kitchen area adds versatility, accommodating various family activities. Adding to the charm of the property is the orangery, a delightful space that not only floods the interior with natural light but also serves as a gateway to the well-maintained garden. Completing the ground floor is a convenient downstairs W/C, ensuring utmost practicality.

Ascending to the first floor, you'll discover four generously proportioned double bedrooms. The master bedroom benefits from an ensuite bathroom, providing a private retreat for relaxation. Bedroom three stands out with its access to a balcony with views of the garden.

Externally, the property offers ample off-street parking. A separate garage provides secure storage space and the potential for additional parking and a well maintained rear garden.

Planning permission was obtained in April 2023 for a side extension and a loft conversion.

Location:
Located on Lake Avenue in Bromley, this property enjoys a prime position with access to a range of local amenities, schools, and transport links. The surrounding area offers a mix of green spaces, shopping options, and recreational facilities, providing a balanced and enjoyable lifestyle for residents.

Broadband and Mobile Coverage
For broadband and mobile phone coverage at the property in question please visit: checker.ofcom.org.uk/en-gb/broadband-coverage and checker.ofcom.org.uk/en-gb/mobile-coverage respectively.

IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact and a buyer is advised to obtain verification from their own solicitor or surveyor.

Agent Details

jdm, Bromley

020 3910 6349

Next Steps?

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