4 Bed Detached House, Refurb/BRRR, BR2 6BE, £865,000

Heathfield Road, Keston, BR2 6BE - 5 views - 2 months ago

Refurb/BRRR
ROI: 2%
~129 m²
+12 photos

ValuationOvervalued

Sold Prices£558.8K - £1.3M
Sold Prices/m²£4K/m² - £8.8K/m²

 

 

Square Metres

~129.26 m²
Price/m²£6.7K/m²

Value Estimate

£646,286

 

 

End Value (After Refurb)

£817,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£216,250

Stamp Duty & Legal Fees

£57,900

Refurb Costs

£68,719

Bridging Loan Interest

£22,706

Total Cash In

£367,325

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£817,500

Mortgage (After Refinance)

£613,125

Mortgage LTV

75%

Cash Left In

£367,325

Equity

£204,375

Rent Range

£700 - £6,700

Rent Estimate

£4,009

Running Costs/mo

£3,376

Cashflow/mo

£633

Cashflow/yr

£7,590

ROI

2%

Gross Yield

6%

Local Sold Prices

23 sold prices from £558.8K to £1.3M, average is £737.5K. £4K/m² to £8.8K/m², average is £5.7K/m².

PriceDateDistanceAddressBeds 
£825K03/210.04 miHolmbury, Keston Avenue, Keston, Greater London BR2 6BH4
£558.8K05/210.12 mi1b, Lakes Road, Keston, Greater London BR2 6BN4
£660K01/210.12 mi4, Windmill Drive, Keston, Greater London BR2 6BT4
£730K02/210.15 mi17, Keston Gardens, Keston, Greater London BR2 6BL4
£945K04/230.15 mi26, Keston Gardens, Keston, Greater London BR2 6BL4
£1.3M02/230.42 mi14, Hassock Wood, Keston, Greater London BR2 6HX4
£680K06/210.47 mi7, Phoenix Drive, Keston, Greater London BR2 8HS4
£680K12/200.49 mi43, The Dale, Keston, Greater London BR2 6HW4
£900K03/230.51 miPari, Westerham Road, Keston, Greater London BR2 6HH4
£615K11/220.57 mi87, Croydon Road, Keston, Greater London BR2 8HU4
£750K12/200.67 mi10, Cheyne Close, Bromley, Greater London BR2 8QA4
£840K12/200.69 mi31, Croydon Road, Keston, Greater London BR2 6EH4
£645K01/210.74 mi38, Oakley Drive, Bromley, Greater London BR2 8PP4
£810K10/200.74 mi2, Oakley Drive, Bromley, Greater London BR2 8PP4
£730K06/210.74 mi11, Rodney Gardens, West Wickham, Greater London BR4 9DD4
£737.5K02/210.8 mi4, Lawrence Road, West Wickham, Greater London BR4 9DB4
£730K11/200.8 mi1, Hartfield Road, West Wickham, Greater London BR4 9DA4
£800K06/210.86 mi2b, Hartfield Crescent, West Wickham, Greater London BR4 9DN4
£870K01/230.93 mi10, Rowan Walk, Bromley, Greater London BR2 8QN4
£858.5K03/230.96 mi57, Rowan Walk, Bromley, Greater London BR2 8QW4
£900K11/220.97 mi101, Harvest Bank Road, West Wickham, Greater London BR4 9DP4
£580K07/230.98 mi65, Baston Road, Bromley, Greater London BR2 7BS4
£630K11/200.98 miSoundings, Blackness Lane, Keston, Greater London BR2 6HL4

Local Rents

16 rents from £700/mo to £6.7K/mo, average is £3K/mo.

RentDateDistanceAddressBeds 
£6,00003/240.33 miPoulters Wood, Ravensbourne Park, Keston, Kent, BR25
£3,50003/240.37 miWesterham Road, Keston, BR23
£2,80003/250.53 mi-5
£2,40003/250.81 mi-3
£2,40012/240.83 miBriar Wood Close Bromley BR23
£2,36912/240.84 mi-3
£6,70004/240.91 miRedgate Drive Hayes BR25
£3,40012/241.01 mi-3
£3,20004/241.01 miWest Common Road, Hayes, BR24
£6,50012/241.12 miRobins, Elm Walk, Kent, BR65
£6,50003/241.13 miElm Walk, Farnborough Park, Orpington, Kent, BR65
£6,50012/241.13 miElm Walk, Farnborough Park, Orpington, Kent, BR65
£70002/241.21 mi-5
£2,65012/241.24 mi-4
£2,85012/241.24 mi-4
£2,85012/241.24 miBarkway Drive, Orpington, BR64

Local Area Statistics

Population in BR2

44,903

Nearest school

0.10 miles away

Nearest train station

1.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-4%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £865,000

February 10, 2025

Floor Plans

Description

  • Four Bedroom Detached Home. +
  • Heart of Popular Keston Village. +
  • Generous 18' 2" x 15' 2" Living Room. +
  • Dining Room & Conservatory. +
  • 17' 1' Kitchen/breakfast Room. +
  • Bathroom & En Suite Shower Room. +
  • South West Facing Garden. +
  • Short Walk Hayes & Keston Common. +

CHAIN FREE four bedroom detached house in the HEART of KESTON VILLAGE (being a Conservation Area), with it's coffee shops, two pubs and locals shops. KESTON PRIMARY School is off lakes Road. Keston Common with Keston Ponds off Fish Ponds Road and Hayes Common off Commonside being within walking distance. The SOUGHT AFTER HAYES Secondary School is off Baston Road. Generous 18' 2" x 15' 2" living room and dining room with double glazed patio doors to the double glazed conservatory. Cloakroom and 17' 1" x 9' 8" kitchen/breakfast room, which has plenty of space for a breakfast table. Main bedroom with mirror fronted fitted wardrobes and an en suite shower room and family bathroom off the landing. Gas fired heating with radiators via a Glow Worm boiler to the garage. Crazy paved hardstanding for three vehicles to the front and 42' x 36' south west facing rear garden with paved terrace, lawn, shrubs and trees. Some modernisation required including replacing the single glazed wooden windows with double glazing. This property is in the section of Heathfield Road between Heathfield Close and Leafy Grove. Keston Village provides two pubs, a few shops, coffee shops and Keston Primary School off Lakes Road. Hayes Common can be accessed off Commonside. Keston Common and Keston Ponds off Fish Ponds Road are within walking distance. Bus services pass along Heathfield Road. Hayes Station and shops in Station Approach are about 1.7 miles away. Other local schools include the sought after Hayes Secondary School, Ravenswood Secondary School and Wickham Common Primary School. Bromley High Street and Bromley South Station is about 3 miles away with fast (about 18 minutes) and frequent services to London.

Agent Details

Proctors, West Wickham

020 3879 5258

Next Steps?

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