5 Bed Detached House, Refurb/BRRR, Bromley, BR1 4HH, £750,000

Cairndale Close, Bromley, BR1 4HH - 2 views - a month ago

Refurb/BRRR

Planning

~178 m²

+20 photos

ValuationFair Value

Sold Prices	£620K - £2.1M
Sold Prices/m²	£3.5K/m² - £6.8K/m²

Square Metres	~178.28 m²
Price/m²	£4.2K/m²
Value Estimate	£757,500£757,500

End Value (After Refurb)	£904,036£904,036
Uplift in Value	+21%+21%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£187,500£187,500
Stamp Duty & Legal Fees	£63,700£63,700
Refurb Costs	£94,317£94,317
Bridging Loan Interest	£19,688£19,688
Total Cash In	£366,955£366,955

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£904,036£904,036
Mortgage (After Refinance)	£678,027£678,027
Mortgage LTV	75%75%
Cash Released	£115,527£115,527
Cash Left In	£251,428£251,428
Equity	£226,009£226,009
Rent Range	£1,650 - £8,200£1,650 - £8,200
Rent Estimate	£2,937
Running Costs/mo	£3,433£3,433
Cashflow/mo	£-496£-496
Cashflow/yr	£-5,946£-5,946
Gross Yield	5%5%

Local Sold Prices

25 sold prices from £620K to £2.1M, average is £885K. £3.5K/m² to £6.8K/m², average is £4.9K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£1.5M	09/23	0.05 mi	22, Kinnaird Avenue, Bromley, Greater London BR1 4HG	£6,718	225	5	Semi-Detached House
£1.2M	02/23	0.16 mi	12, Kings Avenue, Bromley, Greater London BR1 4HW	£5,108	244	5	Semi-Detached House
£975K	03/21	0.19 mi	16, Park Avenue, Bromley, Greater London BR1 4EE	£4,333	225	5	Semi-Detached House
£830K	03/21	0.19 mi	77, Avondale Road, Bromley, Greater London BR1 4HS	-	-	5	Detached House
£885K	11/22	0.2 mi	33, Park Avenue, Bromley, Greater London BR1 4EG	£5,364	165	5	Detached House
£680K	12/20	0.23 mi	16, Gilbert Road, Bromley, Greater London BR1 3QP	£3,953	172	5	Semi-Detached House
£815K	02/23	0.24 mi	119, Coniston Road, Bromley, Greater London BR1 4JA	£5,397	151	5	Semi-Detached House
£970K	06/23	0.29 mi	18, Alexandra Crescent, Bromley, Greater London BR1 4EU	-	-	5	Semi-Detached House
£675K	12/20	0.29 mi	84, Alexandra Crescent, Bromley, Greater London BR1 4EX	£4,470	151	5	Semi-Detached House
£620K	04/23	0.29 mi	74, Alexandra Crescent, Bromley, Greater London BR1 4EX	-	-	5	Semi-Detached House
£765K	07/23	0.34 mi	99, College Road, Bromley, Greater London BR1 3QG	£3,964	193	5	Semi-Detached House
£680K	03/21	0.34 mi	99, College Road, Bromley, Greater London BR1 3QG	£3,523	193	5	Semi-Detached House
£1.7M	08/21	0.39 mi	35, Cambridge Road, Bromley, Greater London BR1 4EB	£4,515	371	5	Detached House
£620K	05/21	0.43 mi	78, Burnt Ash Lane, Bromley, Greater London BR1 4DD	£3,626	171	5	Semi-Detached House
£735K	04/21	0.53 mi	13, Babbacombe Road, Bromley, Greater London BR1 3LN	£4,773	154	5	Semi-Detached House
£925K	12/20	0.58 mi	185, Farnaby Road, Bromley, Greater London BR2 0BA	£5,347	173	5	Semi-Detached House
£1.3M	12/20	0.61 mi	11, Rodway Road, Bromley, Greater London BR1 3JJ	£5,266	244	5	Semi-Detached House
£1.1M	07/23	0.68 mi	21, Hawes Road, Bromley, Greater London BR1 3JS	-	-	5	Semi-Detached House
£825K	12/20	0.7 mi	9, Downs Hill, Beckenham, Greater London BR3 5HA	£4,661	177	5	Semi-Detached House
£1.3M	01/21	0.78 mi	12, Downs Hill, Beckenham, Greater London BR3 5HB	£5,926	215	5	Terraced House
£1.1M	01/23	0.8 mi	4, Station Road, Shortlands, Bromley, Greater London BR2 0EY	£6,790	162	5	Terraced House
£735K	11/20	0.89 mi	14, Scotts Avenue, Bromley, Greater London BR2 0LQ	£4,016	183	5	Detached House
£1.3M	08/23	0.9 mi	9, Scotts Avenue, Bromley, Greater London BR2 0LG	£5,661	227	5	Detached House
£2.1M	08/23	0.9 mi	5, Scotts Avenue, Bromley, Greater London BR2 0LG	£5,986	355	5	Detached House
£771K	02/21	0.96 mi	44b, Foxgrove Road, Beckenham, Greater London BR3 5DB	-	-	5	Terraced House

Local Rents

48 rents from £1.6K/mo to £8.2K/mo, average is £2.3K/mo.

Rent	Date	Distance	Address	Beds	Type
£2,750	03/24	0.13 mi	London Lane, Bromley, BR1	4	Detached House
£3,880	03/25	0.17 mi	-	4	Terraced House
£3,500	03/24	0.18 mi	Kings Avenue Bromley BR1	4	Detached House
£2,100	04/24	0.2 mi	Heathfield Road, Bromley, BR1	3	Detached House
£1,900	01/25	0.21 mi	-	3	Terraced House
£2,500	12/24	0.24 mi	-	4	Terraced House
£1,800	04/24	0.25 mi	Oaklands Road, Bromley, BR1	3	Flat
£2,000	04/24	0.26 mi	Morgan Road Bromley BR1	3	Terraced House
£2,100	03/24	0.27 mi	Oaklands Road, Bromley, BR1	3	Flat
£2,350	04/25	0.27 mi	-	3	Flat
£4,950	03/24	0.27 mi	Avondale Road, Bromley, BR1	5	Detached House
£4,950	03/24	0.27 mi	-	5	Detached House
£4,950	03/24	0.27 mi	-	5	Detached House
£1,990	03/24	0.27 mi	Cawston Court, Bromley, BR1	3	Flat
£1,990	04/24	0.27 mi	-	3	Flat
£2,100	12/24	0.3 mi	-	3	Flat
£2,200	02/25	0.31 mi	-	3	Terraced House
£1,999	04/24	0.32 mi	Morgan Road, Bromley, BR1	3	Terraced House
£2,750	03/24	0.32 mi	Madeira Avenue, Bromley, BR1 4AS	4	Terraced House
£3,200	05/24	0.34 mi	-	5	Semi-Detached House
£3,200	12/24	0.34 mi	-	5	Semi-Detached House
£3,275	04/24	0.34 mi	College Road, Bromley, BR1	5	Semi-Detached House
£1,650	12/24	0.35 mi	-	3	Semi-Detached House
£2,000	02/24	0.35 mi	-	3	Flat
£5,000	03/25	0.37 mi	-	6	Detached House
£5,000	04/25	0.37 mi	-	6	Detached House
£2,200	12/24	0.37 mi	-	9	Flat
£7,500	01/25	0.37 mi	-	7	Detached House
£8,200	12/24	0.37 mi	-	10	Detached House
£4,500	04/25	0.37 mi	-	5	Detached House
£2,300	03/24	0.39 mi	Cambridge Road Bromley BR1	3	Flat
£3,000	03/25	0.39 mi	-	4	Detached House
£2,000	03/24	0.39 mi	Park End, Bromley, BR1	3	House
£2,200	02/25	0.41 mi	-	3	Terraced House
£2,500	03/25	0.41 mi	-	3	Terraced House
£2,200	03/24	0.41 mi	Hillbrow Road, Bromley, BR1	3	Flat
£2,650	04/25	0.42 mi	-	3	Semi-Detached House
£2,600	04/25	0.42 mi	-	3	Terraced House
£1,700	03/24	0.47 mi	London Road Bromley BR1	3	Flat
£2,350	03/24	0.49 mi	Lansdowne Road Bromley BR1	3	Flat
£1,950	03/24	0.51 mi	Plaistow Grove, BROMLEY, BR1	3	Terraced House
£2,400	04/25	0.52 mi	-	3	Semi-Detached House
£2,000	03/24	0.52 mi	The Acorns, Ambleside, Bromley, Kent, BR1	3	Flat
£2,100	03/24	0.55 mi	Flimwell Close, Bromley, BR1	4	Flat
£4,500	03/24	0.56 mi	Farnaby Road Bromley BR1	4	House
£2,340	12/24	0.58 mi	-	3	Semi-Detached House
£2,300	04/25	0.6 mi	-	3	Terraced House
£2,300	12/24	0.61 mi	-	3	Terraced House

Local Area Statistics

Population in BR1	55,93155,931
Population in Bromley	55,94755,947
Town centre distance	1.26 miles away1.26 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.59 miles away0.59 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

Listed for £750,000

March 13, 2025

Floor Plans

Description

Detached five bedroom family home +
Two receptions, family bathroom, two ensuites +
Requiring complete modernisation and re-decoration +
Built by national housebuilder Bovis Homes +
Generous plot and could be extended STPP +
Double Garage +

VIEWING WEEKENDS SATURDAY 22nd MARCH and SATURDAY 29th MARCH - CALL NOW FOR AN APPOINTMENT TO VIEW
Requiring complete modernisation and re-decoration this detached family home was built by national housebuilder Bovis Homes. Consisting of five bedrooms, two receptions, one family bathroom and two ensuites. The property benefits from a generous plot, a double garage and could be extended subject to satisfying covenants and the usual local authority planning permission. EPC: F

COUNCIL TAX - F
Construction -
Mains Services -
Heating System -
Broadband –
Mobile coverage -
Restrictive covenants –

• Detached five bedroom family home
• Two receptions, family bathroom, two ensuites
• Requiring complete modernisation and re-decoration
• Built by national housebuilder Bovis Homes
• Generous plot and could be extended STPP
• Double Garage

Agent Details

Sinclair Hammelton, Bromley

020 3834 7896

Next Steps?

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

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