2 Bed Flat, Single Let, Bromley, BR1 5RL, £280,000

Beachborough Road, Bromley, BR1 5RL - 1 views - 2 months ago

Leasehold

BTL

ROI: 5%

~63 m²

+8 photos

ValuationUndervalued

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£70,000£70,000
Stamp Duty & Legal Fees	£16,700£16,700
Total Cash In	£86,700£86,700

Cash Out
Rent Range	£1,450 - £1,900£1,450 - £1,900
Rent Estimate	£1,550
Running Costs/mo	£1,205£1,205
Cashflow/mo	£345£345
Cashflow/yr	£4,140£4,140
ROI	5%5%
Gross Yield	7%7%

‌

‌
‌
‌
‌
‌
‌
‌
‌
‌
‌

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

Price changed to £280,000

March 20, 2025

Listed for £290,000

February 18, 2025

Floor Plans

Description

Offers In The Region Of £280,000 - £300,000

This two bedroom, second floor flat is ideal for first time buyers or anyone looking to tap into the great local buy to let market.

The accommodation comprises of a lounge which is flooded with natural light and offers ample space for dining, kitchen, spacious double bedroom, single bedroom and a family bathroom.

It is in good condition throughout with a neutral decor, ideal for anyone who simply wants to move in and unpack.

The property also benefits from double glazing, a secure door entry system and private residents parking.

It is conveniently located, being within walking distance of local amenities including a number of schools, parks, shops and transport links.

Local Authority: Lewisham
Council Tax Band: B

Agent Details

Alan de Maid, Bromley

020 3872 5250

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

3 Bed House, Single Let, Bromley, BR1 5RW

£550,000

2 views • 23 days ago • 66 m²

Sold STC

3 Bed House, Single Let, Bromley, BR1 5RT

£500,000

2 views • 3 years ago • 77 m²