6 Bed Detached House, Refurb/BRRR, Bromley, BR1 2AJ, £1,900,000

Wells Road, Chislehurst, BR1 2AJ - 2 views - 3 months ago

Refurb/BRRR
Planning
~186 m²
+12 photos

ValuationOvervalued

Sold Prices£805K - £3.3M
Sold Prices/m²£3.7K/m² - £9.8K/m²

 

 

Square Metres

~186 m²
Price/m²£10.2K/m²

Value Estimate

£924,757

 

 

End Value (After Refurb)

£1,462,500

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£475,000

Stamp Duty & Legal Fees

£212,450

Refurb Costs

£98,400

Bridging Loan Interest

£49,875

Total Cash In

£837,475

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£1,462,500

Mortgage (After Refinance)

£1,096,875

Mortgage LTV

75%

Cash Left In

£837,475

Equity

£365,625

Rent Range

£1,890 - £8,300

Rent Estimate

£4,019

Running Costs/mo

£5,394

Cashflow/mo

£-1,375

Cashflow/yr

£-16,501

Gross Yield

3%

Local Sold Prices

29 sold prices from £805K to £3.3M, average is £1.8M. £3.7K/m² to £9.8K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£2.5M03/210.04 mi3, Denbridge Road, Bromley, Greater London BR1 2AG6
£2.8M05/230.16 miBeechwood, Chislehurst Road, Chislehurst, Greater London BR7 5LD6
£1.8M03/230.29 mi2, Twitten Grove, Bromley, Greater London BR1 2GD6
£2.3M06/210.44 mi34, Lubbock Road, Chislehurst, Greater London BR7 5JJ6
£2.4M02/210.46 miOrchard Lodge, Park Farm Road, Bromley, Greater London BR1 2PF6
£1.1M12/220.51 mi2, Heath Park Drive, Bromley, Greater London BR1 2WQ6
£1.9M05/210.58 miLarkfield, Hill Brow, Bromley, Greater London BR1 2PQ6
£1.5M12/220.67 miWellingtonia House, 2, Springfield Road, Bromley, Greater London BR1 2LJ6
£1.2M01/210.72 miSilver Ley, Sundridge Avenue, Bromley, Greater London BR1 2QA6
£1.8M03/230.78 mi1a, Sundridge Avenue, Bromley, Greater London BR1 2PU6
£3.3M09/210.83 miChesham House, Wilderness Road, Chislehurst, Greater London BR7 5EY6
£2.3M02/211.03 mi15, Little Thrift, Petts Wood, Orpington, Greater London BR5 1NQ6
£1.8M05/211.21 mi3, Riverwood Lane, Chislehurst, Greater London BR7 5QN6
£1.8M10/221.23 mi28, Ashfield Lane, Chislehurst, Greater London BR7 6LQ6
£3.3M11/221.26 mi14, Edward Road, Bromley, Greater London BR1 3NQ6
£1.2M06/211.29 mi58, Bromley Common, Bromley, Greater London BR2 9PF6
£1.3M06/211.32 mi8, Hazelmere Road, Petts Wood, Orpington, Greater London BR5 1PB6
£2.4M10/221.36 miWhite Cottage, 10, Garden Road, Bromley, Greater London BR1 3LX6
£1.6M11/221.39 mi41b, Garden Road, Bromley, Greater London BR1 3LU6
£1.8M11/211.4 mi17, Garden Road, Bromley, Greater London BR1 3LU6
£1.3M10/221.53 mi23, Crossway, Petts Wood, Orpington, Greater London BR5 1PF6
£925K03/211.53 mi1, Toynbec Close, Chislehurst, Greater London BR7 6TH6
£805K10/221.55 mi24, Rolleston Avenue, Petts Wood, Orpington, Greater London BR5 1AH6
£1.1M01/211.71 mi71, Hayes Road, Bromley, Greater London BR2 9AE6
£942K03/211.77 mi11, Lake Avenue, Bromley, Greater London BR1 4EN6
£900K02/211.78 mi61, Avondale Road, Bromley, Greater London BR1 4HS6
£1.8M10/221.84 mi1, Avondale Road, Bromley, Greater London BR1 4HT6
£820K06/211.88 mi56, Avondale Road, Bromley, Greater London BR1 4EP6
£1.1M06/212 mi218, Chislehurst Road, Petts Wood, Orpington, Greater London BR5 1NR6

Local Rents

23 rents from £1.9K/mo to £8.3K/mo, average is £4K/mo.

RentDateDistanceAddressBeds 
£3,60003/240.13 miThe Spinneys Bickley BR14
£5,95004/240.2 miChislehurst Road, Chislehurst, Kent, BR74
£2,90001/250.2 mi-3
£5,00004/240.21 miChislehurst Road, Chislehurst, Kent, BR75
£4,40003/240.23 miBickley Park Road, Bromley, BR1 #3142594
£2,85003/240.23 miOrchard House, Bickley, BR15
£3,90002/250.25 mi-4
£3,95004/240.25 mi-4
£3,95003/240.25 miBickley Park Road, Bromley, BR14
£6,00003/240.25 miChislehurst Road Chislehurst BR75
£5,00004/240.25 miChislehurst Road Chislehurst BR75
£1,89004/240.28 miCaveside Close, Chislehurst, BR7 5NL3
£2,30003/240.28 miLower Camden, Chislehurst, BR73
£2,75003/240.32 miBlackbrook Lane, Bickley, Kent, BR13
£2,40003/240.33 miWellsmoor Gardens, Bromley, Kent, BR13
£4,00012/240.46 mi-5
£4,00002/250.46 mi-5
£4,00001/250.46 mi-5
£8,30011/240.53 mi-6
£7,50003/240.56 miFancourt Mews, Bromley, BR15
£2,00004/240.57 miSouthlands Grove, Bickley, Kent, BR13
£2,00003/240.59 miSouthlands Grove, Bickley, BR13
£3,80004/240.61 miChislehurst Road, Bromley, London Borough of BR14

Local Area Statistics

Population in BR1

55,931

Population in Bromley

55,947

Town centre distance

1.17 miles away

Nearest school

0.30 miles away

Nearest train station

0.25 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Price changed to £1,900,000

March 24, 2025

Listed for £2,000,000

February 10, 2025

Floor Plans

Description

  • Large, Established Plot +
  • Double Fronted Detached +
  • Six Upstairs Bedrooms +
  • Three Reception Rooms +
  • Kitchen Diner With Separate Utility Room +
  • Driveway And Detached Double Garage +
  • In Need Of Modernisation +
  • Established Garden With Swimming Pool +
  • Second Floor Master Bedroom +

The Property
NO ONWARD CHAIN: An opportunity to purchase a double fronted detached home with a sizable plot of land for redevelopment (subject to all planning permissions) or refurbishment.
The property is currently laid out with three reception rooms and six bedrooms over three floors. To the front is a double garage and driveway. An established side and rear garden features a swimming pool and large patio area.
Located within close proximity to Chislehurst High Street, half a mile of Chislehurst train station and under a mile to Buller's Wood school. Internal viewing recommended.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Bromley

020 3840 3788

Next Steps?

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