4 Bed Detached House, Refurb/BRRR, BR2 0PL, £950,000

Cumberland Road, Bromley, BR2 0PL - 2 views - 2 months ago

Refurb/BRRR
Planning
~129 m²
+15 photos

ValuationOvervalued

Sold Prices£350K - £1.4M
Sold Prices/m²£4.6K/m² - £7.9K/m²

 

 

Square Metres

~129.26 m²
Price/m²£7.3K/m²

Value Estimate

£676,600

 

 

End Value (After Refurb)

£813,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£237,500

Stamp Duty & Legal Fees

£65,950

Refurb Costs

£68,719

Bridging Loan Interest

£24,938

Total Cash In

£398,857

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£813,000

Mortgage (After Refinance)

£609,750

Mortgage LTV

75%

Cash Left In

£398,857

Equity

£203,250

Rent Range

£1,800 - £4,500

Rent Estimate

£2,557

Running Costs/mo

£3,072

Cashflow/mo

£-515

Cashflow/yr

£-6,180

Gross Yield

3%

Local Sold Prices

50 sold prices from £350K to £1.4M, average is £892.5K. £4.6K/m² to £7.9K/m², average is £6.1K/m².

PriceDateDistanceAddressBeds 
£1.2M09/220.08 mi12, Highfield Drive, Bromley, Greater London BR2 0RX4
£910K12/200.08 mi28, Highfield Drive, Bromley, Greater London BR2 0RX4
£835K06/210.08 mi2, Winchester Road, Bromley, Greater London BR2 0PZ4
£1.1M11/220.09 mi70, Cumberland Road, Bromley, Greater London BR2 0PW4
£935K01/210.13 mi59, St Marys Avenue, Bromley, Greater London BR2 0PU4
£916K12/220.13 mi31, St Marys Avenue, Bromley, Greater London BR2 0PU4
£1.3M06/210.16 mi48, Durham Avenue, Bromley, Greater London BR2 0QG4
£796K02/210.17 mi38, St Marys Avenue, Bromley, Greater London BR2 0PR4
£992.5K09/220.17 mi21, Durham Avenue, Bromley, Greater London BR2 0QE4
£950K03/230.21 mi52, Mays Hill Road, Bromley, Greater London BR2 0HT4
£937.5K03/210.22 mi45, Mays Hill Road, Bromley, Greater London BR2 0HS4
£545K06/210.28 mi122, Ridley Road, Bromley, Greater London BR2 0EU4
£707K05/230.28 mi21, Stamford Drive, Bromley, Greater London BR2 0XF4
£650K08/210.28 mi3, Stamford Drive, Bromley, Greater London BR2 0XF4
£850K03/210.29 mi55, Kingswood Road, Shortlands, Bromley, Greater London BR2 0NL4
£750K02/230.29 mi85, Ridley Road, Bromley, Greater London BR2 0EU4
£770K05/210.31 mi4, Deepdale Avenue, Bromley, Greater London BR2 0TJ4
£965K03/210.31 mi5, Rutland Gate, Bromley, Greater London BR2 0TG4
£850K04/230.33 mi11, D'arcy Place, Bromley, Greater London BR2 0RY4
£985K11/200.33 mi56, Kingswood Avenue, Bromley, Greater London BR2 0NY4
£660K01/210.34 mi7, Oakham Drive, Bromley, Greater London BR2 0XE4
£720K03/210.34 mi5, Oakham Drive, Bromley, Greater London BR2 0XE4
£655K12/200.34 mi23, Oakham Drive, Bromley, Greater London BR2 0XE4
£680K03/210.34 mi21, Oakham Drive, Bromley, Greater London BR2 0XE4
£1.1M03/210.34 mi53, Kingswood Avenue, Bromley, Greater London BR2 0NR4
£1.1M05/210.35 mi23, Kingswood Avenue, Bromley, Greater London BR2 0NT4
£800K06/210.35 mi8, Green Close, Bromley, Greater London BR2 0HJ4
£850K03/210.36 mi21, Tall Elms Close, Bromley, Greater London BR2 0TT4
£700K05/210.36 mi5b, Church Road, Shortlands, Bromley, Greater London BR2 0HP4
£1.4M01/230.39 mi40, Stone Road, Bromley, Greater London BR2 9AU4
£970K04/210.41 mi39, Shortlands Road, Bromley, Greater London BR2 0JG4
£535K03/210.42 mi36, Ravensbourne Road, Bromley, Greater London BR1 1HP4
£778K07/230.44 mi29, Valley Road, Bromley, Greater London BR2 0HB4
£1.1M06/210.47 mi6, Den Close, Beckenham, Greater London BR3 6RP4
£900K10/200.48 mi89, Hayes Way, Beckenham, Greater London BR3 6RR4
£1.1M05/230.48 mi105, Hayes Way, Beckenham, Greater London BR3 6RR4
£960K07/230.49 mi7, Teynham Green, Bromley, Greater London BR2 9BY4
£775K09/230.49 mi9, Teynham Green, Bromley, Greater London BR2 9BY4
£1.2M01/210.51 mi68, Hayes Way, Beckenham, Greater London BR3 6RS4
£990K10/200.53 mi43, Beadon Road, Bromley, Greater London BR2 9AS4
£940K11/210.54 mi41, Pickhurst Park, Bromley, Greater London BR2 0UE4
£780K06/210.54 mi5, Park Hill Road, Bromley, Greater London BR2 0JX4
£665K03/210.54 mi5, Park Hill Road, Bromley, Greater London BR2 0JX4
£980K12/200.55 mi34, Beadon Road, Bromley, Greater London BR2 9AT4
£350K09/230.55 mi2, Woodlea Drive, Bromley, Greater London BR2 0UQ4
£790K10/200.55 mi4, Woodlea Drive, Bromley, Greater London BR2 0UQ4
£1.2M04/210.56 mi77, Elwill Way, Beckenham, Greater London BR3 6RY4
£560K09/210.56 mi86, Beckenham Lane, Bromley, Greater London BR2 0DW4
£1.4M11/220.57 mi15, Barnfield Wood Road, Beckenham, Greater London BR3 6SR4
£885K06/230.57 mi94, Sandford Road, Bromley, Greater London BR2 9AN4

Local Rents

31 rents from £1.8K/mo to £4.5K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£2,75003/240.21 miQueen Anne Avenue, Bromley, BR24
£2,30002/240.21 mi-3
£2,20004/240.21 mi-3
£2,20004/240.23 miQueen Anne Avenue, Bromley3
£2,00012/230.27 mi-3
£2,00004/240.28 miStamford Drive, Bromley, BR23
£2,75012/240.29 mi-4
£2,75002/250.29 mi-4
£4,40003/250.29 mi-4
£2,10004/240.32 miBromley Gardens, Bromley3
£2,70003/240.32 mi-4
£2,70003/240.32 miBromley, Bromley, London, BR24
£2,50012/240.35 mi-4
£2,80003/240.35 miGreen Close Bromley BR25
£3,00012/240.35 miGreen Close Bromley BR25
£1,90003/240.36 miCheveney Walk, Bromley, BR23
£1,85004/240.42 miStation Road, Shortlands, Bromley,BR23
£2,55004/240.43 miShortlands Road, Bromley, BR23
£2,55012/240.43 miShortlands Road, Bromley, BR23
£2,55012/240.43 mi-3
£4,50003/240.43 miCameron Road, Bromley, BR25
£2,40004/250.44 mi-3
£3,20004/250.47 mi-4
£1,80012/240.48 mi-3
£2,10004/240.51 miRecreation Road, Bromley, Kent, BR23
£2,20004/240.53 miThe Glen, Shortlands, Bromley, BR23
£2,30003/240.53 miHayesford Park Drive, Bromley, BR23
£2,50004/250.54 mi-3
£3,30005/240.55 miHayes Lane Beckenham BR34
£3,50002/250.57 mi-4
£3,20012/240.59 mi-4

Local Area Statistics

Population in BR2

44,903

Nearest school

0.10 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £950,000

February 20, 2025

Floor Plans

Description

  • Chain Free +
  • 4 Bedrrom detached house +
  • In need of modernisation +
  • Sought after location +

Guide Price £950,000 to £975,000
Situated in the sought-after Cumberland Road area of Shortlands, Bromley, is this chain free four-bedroom detached property offering generous living space, modern comforts, and a prime location.

The home features two well-proportioned reception rooms, a good sized kitchen, four spacious bedrooms, complemented by a family bathroom, making it ideal for family life. The property benefits from a number of original features as well as high ceilings giving a feeling of added space.

Additional benefits include off street parking plus an integral garage for added convenience and storage.

Outside, there is a good-sized, attractive and secluded garden.

Some modernisation is required and there is extension potential, subject to planning permission.

The property is situated in a desirable residential area, known for its excellent local amenities, including reputable schools, such as the local Highfield School with its Ofsted rating of outstanding for infants and good for juniors. The transport links are superb with Bromley South and Shortlands stations providing fast and frequent access to central London. Bromley town centre boasts many cafes, bars, restaurants, the Churchill Theatre, as well as the Glades Shopping centre

The property has been in the same ownership for almost 50 years and this is a fantastic opportunity to acquire a wonderful family home with scope for enhancing and adding value located in a highly sought-after location.

Location
Cumberland Road runs between South Hill Road and Westmoreland Road. The popular Highfield schools are a short walk away. Bromley High Street with The Glades Shopping Centre, St Mark's Square development and Bromley South Station is about 0.9 of a mile away. Shortlands Station and shops in Shortlands Village are about 0.9 of a mile away. Bus services pass along Cumberland Road and Westmoreland Road.

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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