2 Bed Flat, Single Let, BR2 0LR £475,000

Shortlands Grove, Shortlands, BR2 0LR - 6 views - 9 months ago
Under Offer
Leasehold
BTL
~68 m²
Property image

ValuationOvervalued

Sold Prices£260K - £535K
Sold Prices/m²£4K/m² - £10.4K/m²

 

 

Square Metres

~68.11 m²
Price/m²£7K/m²

Value Estimate

£350,126

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£26,700

Total Cash In

£145,450

 

 

Cash Out

 

Rent Range

£1,450 - £2,750

Rent Estimate

£1,500

Running Costs/mo

£1,804

Cashflow/mo

£-304

Cashflow/yr

£-3,652

Gross Yield

4%

Local Sold Prices

50 sold prices from £260K to £535K, average is £385K. £4K/m² to £10.4K/m², average is £5.7K/m².

Price
Date
Distance
Address
Beds
 
£350K06/250.03 miFlat 41, 9 Westpoint, Shortlands Grove, Shortlands, Bromley BR2 0ND2
£350K06/250.03 miFlat 41, 9 Westpoint, Shortlands Grove, Shortlands, Bromley BR2 0ND2
£359K03/250.07 miFlat 3, 5 Fitzroy Hall, Shortlands Grove, Shortlands, Bromley BR2 0LS2
£427.5K02/230.08 mi12, Foxes Dale, Bromley, Greater London BR2 0JS2
£353K03/250.09 mi26c, Bromley Grove, Shortlands, Bromley BR2 0LN2
£335K08/250.12 miFlat 7, Curzon Court, Beckenham Grove, Shortlands, Bromley BR2 0JY2
£375K03/250.14 miFlat 5, 16 Arundel Court, Beckenham Grove, Shortlands, Bromley BR2 0XN2
£400K06/230.15 miFlat 1, Cranley Court, Beckenham Grove, Bromley, Greater London BR2 0JZ2
£465K07/250.16 miFlat 1, 4 Caton Court, Beckenham Grove, Shortlands, Bromley BR2 0JU2
£360K02/250.17 mi18 Hazelwood House, Flat 28, Church Road, Shortlands, Bromley BR2 0HE2
£378K05/250.18 miFlat 5, 9 Squirrels Drey, Park Hill Road, Shortlands, Bromley BR2 0JX2
£378K05/250.18 miFlat 5, 9 Squirrels Drey, Park Hill Road, Shortlands, Bromley BR2 0JX2
£395K06/210.21 mi15, Hildenlea Place, Bromley, Greater London BR2 0YH2
£535K01/250.25 mi78, Flat 2, Scotts Lane, Shortlands, Bromley BR2 0LX2
£400K12/240.28 mi1 Luca Court, Flat 6, Mays Hill Road, Shortlands, Bromley BR2 0AP2
£325K01/250.32 mi47 Warwick Court, Flat 6, Park Hill Road, Shortlands, Bromley BR2 0LB2
£430K06/210.34 mi48a, Valley Road, Bromley, Greater London BR2 0HD2
£430K11/220.35 mi52a, Valley Road, Bromley, Greater London BR2 0HD2
£423K07/230.42 mi6, Pump House Close, Bromley, Greater London BR2 0LA2
£435K06/210.45 mi27a, Meadow Road, Bromley, Greater London BR2 0DX2
£280K08/210.45 mi37a, Martins Road, Bromley, Greater London BR2 0EE2
£335K08/210.51 mi4a, Shortlands Gardens, Bromley, Greater London BR2 0EA2
£375K05/230.54 mi5, West Oak, Beckenham, Greater London BR3 5EZ2
£490K02/250.55 mi6 Banner, Flat 3, Kemerton Road, Beckenham BR3 6DG2
£260K02/250.56 mi63 65 Park Court, Flat 33, Wickham Road, Beckenham BR3 6QN2
£350K08/230.58 mi39, Lankton Close, Beckenham, Greater London BR3 5DZ2
£370K01/250.6 mi6, Flat 2, Farnaby Road, Bromley BR1 4BJ2
£460K06/250.6 mi5, 72 Sandford Close, The Avenue, Beckenham BR3 5ES2
£460K06/250.6 mi5, 72 Sandford Close, The Avenue, Beckenham BR3 5ES2
£270K10/210.61 miFlat 16, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£287.5K08/230.61 miFlat 15, Pixfield Court, Beckenham Lane, Bromley, Greater London BR2 0DG2
£442.5K02/230.61 mi28a, Durham Avenue, Bromley, Greater London BR2 0QB2
£390K06/250.61 miFlat 5, 70 Carey Court, The Avenue, Beckenham BR3 5ES2
£390K06/250.61 miFlat 5, 70 Carey Court, The Avenue, Beckenham BR3 5ES2
£437.5K03/250.62 miFlat 6, 51 Magnolia Court, The Avenue, Beckenham BR3 5EE2
£517.5K06/230.64 miFlat 1, Linda Court, South Hill Road, Bromley, Greater London BR2 0RH2
£290K04/250.66 miFlat 6, 5 Glebe Knoll, Beckenham Lane, Bromley BR2 0DA2
£450K03/250.66 miFlat 1, 5 Glebe Knoll, Beckenham Lane, Bromley BR2 0DA2
£290K04/250.66 miFlat 6, 5 Glebe Knoll, Beckenham Lane, Bromley BR2 0DA2
£385K04/250.67 mi18, Mill Vale, Bromley BR2 0EW2
£385K04/250.67 mi18, Mill Vale, Bromley BR2 0EW2
£445K11/210.67 mi13, Lakeside, Beckenham, Greater London BR3 6LX2
£440K05/250.68 mi28, Spruce Park, Cumberland Road, Shortlands, Bromley BR2 0EH2
£440K05/250.68 mi28, Spruce Park, Cumberland Road, Shortlands, Bromley BR2 0EH2
£435K06/210.69 miFlat 5, Claire Court, Kelsey Park Avenue, Beckenham, Greater London BR3 6ND2
£370K02/250.69 mi38d, Madeira Avenue, Bromley BR1 4AY2
£370K06/210.69 mi13, Madison Gardens, Bromley, Greater London BR2 0SJ2
£390K04/250.7 miFlat 5, 35 Balmoral Court, The Avenue, Beckenham BR3 5GB2
£384K07/250.7 mi14, Hillworth, Court Downs Road, Beckenham BR3 6TS2
£350K03/250.71 mi6, 54 Coniston Court, Foxgrove Road, Beckenham BR3 5DD2

Local Rents

50 rents from £1.4K/mo to £2.8K/mo, average is £1.7K/mo.

Rent
Date
Distance
Address
Beds
 
£2,15003/240 miShortlands Grove Bromley BR22
£2,15004/240 miShortlands Grove Bromley BR22
£1,75011/250.04 miWestpoint, Shortlands Grove, BROMLEY, BR22
£1,73506/250.04 mi-2
£2,10005/250.05 mi-2
£1,60002/240.05 mi-2
£1,60002/240.05 mi-2
£1,80008/250.06 miBromley Grove, Bromley, BR22
£1,69511/250.07 miShortlands Grove, Shortlands, BR22
£1,72510/250.07 miShortlands Grove, Shortlands, BR22
£1,55009/250.08 miBromley Grove, Shortlands, Bromley2
£1,65008/250.09 miBromley Grove, Bromley, Kent, BR22
£1,95008/250.1 miShortlands Road, Bromley, BR22
£1,95009/250.1 miShortlands Road, Bromley, BR22
£1,80011/250.11 miBeckenham Grove, Bromley, BR22
£1,70003/240.12 miBeckenham Grove, Bromley, BR22
£1,70006/250.13 miCaton Court, 4 Beckenham Grove, Bromley, Kent, BR22
£1,70003/240.13 miCaton Court, 4 Beckenham Grove, Bromley, Kent, BR22
£1,50004/240.14 miBeckenham Grove, Shortlands, BR22
£1,85010/250.14 miBeckenham Grove, Bromley, BR22
£2,05011/250.15 mi-2
£1,70002/250.15 mi-2
£2,10002/250.16 mi-2
£1,65010/250.17 miSquirrels Drey, BR22
£1,60010/250.17 miPark Hill Road, Shortlands, Bromley, BR22
£1,60011/250.17 miSquirrels Drey, 9 Park Hill Road, Bromley, BR22
£1,60006/250.18 miPark Hill Road, Bromley, BR22
£1,55004/250.18 mi-2
£1,80002/250.18 mi-2
£1,60003/240.19 miPark Hill Road, Bromley2
£1,45010/250.19 miKingswood Road, Bromley2
£1,60004/240.2 miKingswood Road, Bromley, London, BR22
£1,75006/250.21 miHildenlea Place, Bromley, BR22
£1,60010/250.21 miKingswood Road, Bromley2
£1,60011/250.21 miKingswood Road, Bromley2
£1,70004/250.22 mi-2
£1,80011/250.23 miMays Hill Road, Bromley, BR22
£1,77008/250.26 miPark Hill Road, Bromley, BR22
£1,70007/250.26 miPark Hill Road, Shortlands, Bromley, BR22
£1,75004/240.26 miThe Knoll, Bromley, BR22
£1,75012/240.26 mi-2
£1,85006/250.26 mi-2
£1,50010/250.27 miScotts Lane, Shortlands, Bromley, Kent, BR2 0LX2
£2,20007/250.27 miLuca Court, BR2 2
£2,20007/250.27 miLuca Court, BR2 2
£1,50009/250.28 miWarwick Court, Park Hill Road, Bromley2
£1,50011/250.28 miWarwick Court, Park Hill Road, Bromley2
£1,75011/250.29 miPark Hill Road, Shortlands, Kent, BR22
£1,72503/240.29 miGlecoe, Park Hill Road, Shortlands, BR22
£2,75008/250.3 miPark Hill Road, Bromley, BR22

Local Area Statistics

Population in BR2

44,903

Nearest school

0.30 miles away

Nearest train station

0.38 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+2%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £475,000

February 24, 2025

Floor Plans

Property image

Description

  • Period conversion +
  • Two bedrooms +
  • Refitted bathroom +
  • Refitted kitchen/diner +
  • 14'x14' reception room +
  • Private patio +
  • Designated parking +
  • EPC Rating TBC +

Guide £475,000 - £500,000 Utterly charming 2 bedroom ground floor period conversion boasting a refitted kitchen with integrated appliances. Direct access onto private patio, with outside shed / cycling store and communal grounds,
Additional Information

Council Tax Band: D
Tenure: Leasehold with Share of Freehold

Original length of lease: 999
Date lease commences: 24.3.2022
Service charge: Approx: £1800 per annum
Ground Rent: Approx: £0 per annum

Council tax and, where applicable, lease information, service charges and ground rent are given as a guide only and should always be checked and confirmed by your Solicitor prior to exchange of contracts.

Agent Details

Kinleigh Folkard & Hayward - Sales, Beckenham

020 3856 3116

Next Steps?

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