3 Bed Semi-Detached House, Refurb/BRRR, BR2 8EH, £525,000

Magpie Hall Lane, Bromley, BR2 8EH - 1 views - a month ago

Refurb/BRRR
ROI: 1%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£345K - £1.0M
Sold Prices/m²£3.6K/m² - £8.3K/m²

 

 

Square Metres

~93 m²
Price/m²£5.6K/m²

Value Estimate

£486,628

 

 

End Value (After Refurb)

£493,481

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£41,200

Refurb Costs

£49,443

Bridging Loan Interest

£13,781

Total Cash In

£237,424

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£493,481

Mortgage (After Refinance)

£370,111

Mortgage LTV

75%

Cash Left In

£237,424

Equity

£123,370

Rent Range

£1,350 - £3,500

Rent Estimate

£2,283

Running Costs/mo

£2,019

Cashflow/mo

£264

Cashflow/yr

£3,171

ROI

1%

Gross Yield

5%

Local Sold Prices

50 sold prices from £345K to £1.0M, average is £525K. £3.6K/m² to £8.3K/m², average is £5.6K/m².

PriceDateDistanceAddressBeds 
£547.2K03/210.05 mi59, Sunray Avenue, Bromley, Greater London BR2 8EL3
£487K06/210.11 mi20, Sunray Avenue, Bromley, Greater London BR2 8EW3
£501K04/210.11 mi16, Sunray Avenue, Bromley, Greater London BR2 8EW3
£575K11/220.11 mi29, Ruskin Walk, Bromley, Greater London BR2 8EP3
£595K03/230.11 mi29, Sunray Avenue, Bromley, Greater London BR2 8EN3
£525K11/210.12 mi3, Holbrook Way, Bromley, Greater London BR2 8EF3
£418K05/210.12 mi21, Holbrook Way, Bromley, Greater London BR2 8EF3
£560K04/210.13 mi264, Southborough Lane, Bromley, Greater London BR2 8AS3
£575K02/230.17 mi44, Magpie Hall Lane, Bromley, Greater London BR2 8ER3
£425K09/210.17 mi66, Magpie Hall Lane, Bromley, Greater London BR2 8ER3
£525K06/210.17 mi40, Parkfield Way, Bromley, Greater London BR2 8AF3
£422.5K06/210.17 mi38, Parkfield Way, Bromley, Greater London BR2 8AF3
£389.9K01/210.18 mi22, Parkfield Way, Bromley, Greater London BR2 8AF3
£485K02/210.19 mi22, Green Way, Bromley, Greater London BR2 8EY3
£485K08/230.2 mi27, Parkfield Way, Bromley, Greater London BR2 8AE3
£545K11/220.2 mi53, Parkfield Way, Bromley, Greater London BR2 8AE3
£520K03/230.21 mi37, Green Way, Bromley, Greater London BR2 8EZ3
£435K11/200.21 mi15, Manor Way, Bromley, Greater London BR2 8ES3
£495K03/210.21 mi1, Mons Way, Bromley, Greater London BR2 8EX3
£650K11/200.22 mi157, Southborough Lane, Bromley, Greater London BR2 8AP3
£415K03/230.22 mi26, Mons Way, Bromley, Greater London BR2 8EX3
£550K04/210.22 mi19, Green Way, Bromley, Greater London BR2 8EZ3
£615K11/210.22 mi6, Birdham Close, Bromley, Greater London BR1 2HF3
£665K11/220.22 mi28, Birdham Close, Bromley, Greater London BR1 2HF3
£565K02/210.22 mi8, Birdham Close, Bromley, Greater London BR1 2HF3
£450K11/220.23 mi92, Magpie Hall Lane, Bromley, Greater London BR2 8ER3
£650K08/230.25 mi24, Brookmead Avenue, Bromley, Greater London BR1 2LA3
£700K09/230.25 mi12, Brookmead Avenue, Bromley, Greater London BR1 2LA3
£525K08/210.28 mi16, Fontwell Drive, Bromley, Greater London BR2 8AB3
£485K01/210.28 mi15, Fontwell Drive, Bromley, Greater London BR2 8AB3
£505K05/210.28 mi17, Fontwell Drive, Bromley, Greater London BR2 8AB3
£1.0M05/210.28 mi116, Southborough Road, Bickley, Bromley, Greater London BR1 2ER3
£497.5K03/210.29 mi6, Fontwell Drive, Bromley, Greater London BR2 8AB3
£345K05/210.3 mi2, Mosul Way, Bromley, Greater London BR2 8JL3
£615K06/210.31 mi43, Brookmead Avenue, Bromley, Greater London BR1 2JX3
£607K12/220.31 mi54, The Fairway, Bromley, Greater London BR1 2JY3
£540K04/210.32 mi14, Homemead Road, Bromley, Greater London BR2 8BA3
£449.9K09/210.33 mi8, Whitebeam Avenue, Bromley, Greater London BR2 8DL3
£490K06/230.33 mi36, Whitebeam Avenue, Bromley, Greater London BR2 8DL3
£755K05/210.34 mi7, Woodside Road, Bromley, Greater London BR1 2ES3
£560K12/220.34 mi31, Lavender Close, Bromley, Greater London BR2 9TG3
£490K08/210.35 mi25, Lavender Close, Bromley, Greater London BR2 9TG3
£685K12/200.35 mi354, Southborough Lane, Bromley, Greater London BR2 8AA3
£465K03/210.37 mi23, Whitebeam Avenue, Bromley, Greater London BR2 8DJ3
£500K08/230.38 mi106, Salisbury Road, Bromley, Greater London BR2 9PU3
£552K11/200.38 mi72, Salisbury Road, Bromley, Greater London BR2 9PU3
£600K02/210.4 mi52, Sunningdale Road, Bromley, Greater London BR1 2ET3
£468K11/210.41 mi80, Salisbury Road, Bromley, Greater London BR2 9PU3
£650K01/210.41 mi28, Mayfield Road, Bromley, Greater London BR1 2HD3
£550K03/230.42 mi58, Victoria Road, Bromley, Greater London BR2 9PP3

Local Rents

15 rents from £1.4K/mo to £3.5K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£3,25003/240.15 mi-3
£3,50002/250.15 mi-3
£1,80003/240.35 miLavender Close, Bromley, Kent, BR23
£2,05004/240.37 miAlbert Road, Bromley, BR23
£1,95001/250.38 mi-3
£2,15002/240.39 mi-3
£2,60004/240.51 mi-3
£2,60004/240.51 miOldfield Close, Bromley, BR13
£2,25003/240.51 miOxhawth Crescent, Bromley, BR23
£1,80004/240.58 miChatterton Road, Bromley3
£1,35004/240.6 miSouthlands Road, Bromley3
£2,20003/250.61 mi-3
£2,25003/240.61 miPope Road, Bromley, BR23
£2,25004/240.61 miPope Road Bromley BR23
£2,25003/240.62 miPope Road, Bromley, BR23

Local Area Statistics

Population in BR2

44,903

Nearest school

0.40 miles away

Nearest train station

0.86 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+9%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Listed for £525,000

March 13, 2025

Floor Plans

Description

  • 3 Bedrooms +
  • Loft room +
  • 2 Reception rooms +
  • Downstairs wc +
  • Kitchen with leanto +
  • Family shower room +
  • Separate wc +
  • Gas central heating +
  • Patio garden +
  • Parking to front +

Chain Free.
A realistically priced 3 bedroom semi-detached home located just a short walk from local shops at 'The Fairway' in Bickley.
Although in need of updating the property benefits from a full width rear extension, a large lean to from the kitchen, downstairs wc and a handy loft room to the 2nd floor.
Outside there is an easy to maintain patio garden and off road parking to the front.
Petts Wood and Bickley railway stations are also within easy reach.

Agent Details

Browne Estates, Bromley

020 3856 4254

Next Steps?

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