2 Bed Flat, Refurb/BRRR, Beckenham, BR3 1RN, £335,000

11 Silverwood Close, Beckenham, Kent, BR3 1RN - 3 views - a month ago

Sold STC
Leasehold
Refurb/BRRR
ROI: 2%
67 m²
+7 photos

ValuationFair Value











Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£83,750

Stamp Duty & Legal Fees

£22,200

Refurb Costs

£35,445

Bridging Loan Interest

£8,794

Total Cash In

£151,939

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£363,173

Mortgage (After Refinance)

£272,379

Mortgage LTV

75%

Cash Released

£21,129

Cash Left In

£130,809

Equity

£90,793

Rent Range

£1,400 - £2,200

Rent Estimate

£1,749

Running Costs/mo

£1,505

Cashflow/mo

£244

Cashflow/yr

£2,931

ROI

2%

Gross Yield

6%













Local Rents

50 rents from £1.4K/mo to £2.2K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,65003/240.02 miDaniel Court, 19 Brackley Road, BECKENHAM, BR32
£1,65004/240.04 miBrackley Road Beckenham BR32
£1,65001/250.05 mi-2
£1,62504/240.05 miBrackley Road Beckenham BR32
£1,75005/240.05 miBrackley Road, Beckenham, Kent, BR32
£1,70003/240.05 mi-2
£1,65004/240.07 miBrackens, Brackley Road, BR32
£1,60003/240.07 miBrackens, Beckenham, Kent, BR32
£1,75005/240.07 miPark Road, Beckenham, BR32
£1,87502/250.07 mi-2
£2,00004/250.09 mi-2
£2,00012/240.1 mi-2
£2,00003/240.11 miLawn Road Beckenham BR32
£2,20003/240.11 miLawn Road Beckenham BR32
£1,80003/240.11 miLawn Road Beckenham BR32
£1,75004/240.11 miLawn Road Beckenham BR32
£1,80003/240.13 miPark Road, Beckenham, BR32
£1,80005/240.16 mi-2
£1,77505/240.16 miAbbey Park, Beckenham, BR32
£1,80012/240.17 mi-2
£1,80012/240.17 mi-2
£1,85003/240.17 miCopers Cope Road, Beckenham, London, BR32
£1,70002/250.19 mi-2
£1,70003/240.19 miAdelaide Court, Copers Cope Road, BR32
£1,70003/240.19 miAdelaide Court, Beckenham, BR32
£1,70003/240.19 miCopers Cope Road, BR32
£1,70003/240.19 miCopers Cope Road, Beckenham, BR32
£1,60004/240.19 miCopers Cope Road Beckenham BR32
£1,80005/240.2 mi-2
£1,80003/240.2 miDarwin House, Beckenham, BR32
£1,80004/250.2 mi-2
£2,00003/240.21 miCopers Cope Road, Beckenham2
£1,70003/240.22 miCopers Cope Road Beckenham BR32
£1,90004/240.23 miPark Road Beckenham BR32
£1,75003/250.25 mi-2
£1,75003/240.26 miHeadingley Drive Beckenham BR32
£1,75004/240.26 miHeadingley Drive Beckenham BR32
£1,85012/240.26 mi-2
£1,60004/240.27 miLittlestone Close, Beckenham, BR32
£1,80004/240.27 miCopers Cope Road Beckenham BR32
£1,50003/240.27 miCopers Cope Road, Beckenham BR32
£1,55003/240.27 miCopers Cope Road, Beckenham BR32
£1,70003/240.28 mi-2
£1,70003/240.28 miRegents Court, Beckenham, BR32
£1,50003/240.28 miHanson Close, BR32
£1,40002/240.28 mi-2
£1,75003/240.29 miBeckenham Place Park, BR32
£1,85003/250.29 mi-2
£1,80005/240.29 mi-2
£1,80005/240.29 miStevens Court, Beckenham, BR32

Local Area Statistics

Population in BR3

47,386

Population in Beckenham

47,411

Town centre distance

0.94 miles away

Nearest school

0.10 miles away

Nearest train station

0.23 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £335,000

March 12, 2025

Floor Plans

Description

  • Second/top floor flat +
  • Gas warm air heating +
  • Two double bedrooms +
  • Replacement double glazing +
  • In need of modernisation +
  • Re-modelled bathroom & Shower Room +
  • Chain free and long lease +
  • Great location & Garage +

Built by Crest Homes on the cusp of 1970 and for sale for the first time since being built, this spacious top (second) floor flat with the balance of a 999 year lease, has the advantage of a re-modelled en-suite shower room as well as a separate bathroom and toilet but by today's standards does need redecorating and modernisation. The lovely spacious living room with picture window overlooking gardens and fitted furniture. Over the years the flat has had uPVC replacement sealed unit double glazed windows, security entry system, gas warm air central heating, wooden parquet flooring, fitted carpets, as well as a garage en-bloc, surrounded by well tended mature communal gardens Being one of three blocks making up this popular development located between Brackley and Park Roads, quiet yet very convenient within half a mile of Beckenham Junction Station (Victoria and London Bridge) and Tramlink to Wimbledon and Croydon, together with bus services and New Beckenham Station (London Bridge and Charing Cross).  There are parks and schools within that distance as well as Beckenham High Street with its extensive shopping, bars, restaurants, gyms, cinema and a leisure centre

Agent Details

Proctors, Beckenham

020 3909 9253

Next Steps?

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