3 Bed Flat, Single Let, Bromley, BR1 5AD, £325,000

Milk Street, BROMLEY, Kent, BR1 5AD - 23 days ago

Leasehold
BTL
ROI: 4%
~70 m²
+6 photos

ValuationFair Value

Sold Prices£266K - £838K
Sold Prices/m²£3.5K/m² - £6.8K/m²

 

 

Square Metres

~70 m²
Price/m²£4.6K/m²

Value Estimate

£327,932

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£23,700

Total Cash In

£104,950

 

 

Cash Out

 

Rent Range

£1,700 - £2,850

Rent Estimate

£1,763

Running Costs/mo

£1,388

Cashflow/mo

£375

Cashflow/yr

£4,497

ROI

4%

Gross Yield

7%

Local Sold Prices

31 sold prices from £266K to £838K, average is £357.5K. £3.5K/m² to £6.8K/m², average is £4.7K/m².

PriceDateDistanceAddressBeds 
£340K12/200.59 mi38, Saxon Road, Bromley, Greater London BR1 3RP3
£300K08/210.75 mi8, Weston Grove, Bromley, Greater London BR1 3RJ3
£375K01/230.79 mi2, College Road, Bromley, Greater London BR1 3NS3
£360K06/230.86 mi26b, London Road, Bromley, Greater London BR1 3QR3
£350K09/230.99 mi60, Blyth Road, Bromley, Greater London BR1 3RU3
£450K07/231.04 miFlat 3, Weymouth House, Hill House Mews, Bromley, Greater London BR2 0DD3
£315K03/211.04 mi102, Grove Park Road, Mottingham, London, Greater London SE9 4QB3
£315K03/211.11 mi8a, Somertrees Avenue, London, Greater London SE12 0BX3
£410K05/211.14 mi6, Field Close, Bromley, Greater London BR1 2SF3
£285K03/231.21 mi47, Tylney Road, Bromley, Greater London BR1 2RJ3
£325K12/221.22 mi56a, Martins Road, Bromley, Greater London BR2 0EF3
£314K09/231.23 mi58a, Martins Road, Bromley, Greater London BR2 0EF3
£302K08/231.24 miFlat 15, Wandle House, Brangbourne Road, Bromley, Greater London BR1 4LY3
£340K11/211.32 miFlat 3, Laurel House, Bromley Road, Shortlands, Bromley, Greater London BR2 0AH3
£266K11/231.35 mi7, Belvoir Close, London, Greater London SE9 4TD3
£395K06/231.42 mi4, Widecombe Road, London, Greater London SE9 4HQ3
£435K10/211.47 mi11a, Page Heath Lane, Bromley, Greater London BR1 2DR3
£440K11/201.52 miFlat 20, Hardwick House, Masons Hill, Bromley, Greater London BR2 9GW3
£425K01/211.57 mi33, Stanley Road, Bromley, Greater London BR2 9JH3
£450K03/231.58 miFlat 1, Englefield, Woodlands Road, Bromley, Greater London BR1 2AH3
£572.5K02/231.62 miFlat 4, Park View House, Westgate Road, Beckenham, Greater London BR3 5DF3
£838K12/221.74 mi4, Bonchester Close, Chislehurst, Greater London BR7 5HS3
£335K06/211.82 mi71, Heron Court, Bromley, Greater London BR2 9LR3
£302.5K11/211.84 miFlat 98, Passfields, Bromley Road, London, Greater London SE6 2RF3
£330K10/211.85 mi250, Middle Park Avenue, London, Greater London SE9 5SQ3
£532K09/221.88 miFlat 1, Morland House, Susan Wood, Chislehurst, Greater London BR7 5NG3
£550K02/231.93 miFlat 1, Wonham Court, The Knoll, Beckenham, Greater London BR3 5JR3
£383K12/231.94 mi53b, Thornsbeach Road, London, Greater London SE6 1DZ3
£320K04/231.94 mi2, Gregory Crescent, London, Greater London SE9 5SB3
£625K06/211.95 miFlat 5, Foxgrove House, Foxgrove Road, Beckenham, Greater London BR3 5AR3
£357.5K06/211.98 mi63, Kimbolton Close, London, Greater London SE12 0JH3

Local Rents

23 rents from £1.7K/mo to £2.9K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,15003/240.05 miAutumn Grove, BROMLEY, BR13
£2,00002/250.13 mi-3
£1,70003/240.33 miPowster Road, Bromley. BR13
£2,40001/240.34 mi-3
£2,50012/240.34 mi-3
£2,50003/240.39 miChatsworth Avenue, Bromley, BR13
£2,30012/240.42 mi-3
£1,95003/240.42 miPlaistow Grove, BROMLEY, BR13
£2,34012/240.42 mi-3
£2,00003/240.42 miLeamington Avenue, Bromley, BR13
£2,20001/250.45 mi-3
£2,35003/240.47 miLansdowne Road Bromley BR13
£2,00003/240.5 miPortland Road Bromley BR13
£2,60004/250.51 mi-3
£2,35003/250.51 mi-3
£2,30003/240.52 miCambridge Road Bromley BR13
£2,40004/250.52 mi-3
£2,00003/240.56 mi-3
£2,00004/240.59 miMorgan Road Bromley BR13
£1,99904/240.59 miMorgan Road, Bromley, BR13
£2,25009/240.6 mi-3
£2,85008/240.6 miArcane Mews, London3
£2,50002/250.62 mi-3

Local Area Statistics

Population in BR1

55,931

Population in Bromley

55,947

Town centre distance

1.30 miles away

Nearest school

0.40 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £325,000

March 18, 2025

Floor Plans

Description

  • *Three good sized bedrooms +
  • *Under a mile away from Grove Park station +
  • *Perfect for commuters +
  • *Parade of local shops nearby and amenities +
  • *Quiet residential area +
  • *Well-presented throughout +
  • *Ample storage space +
  • *Great FTB or investment purchase +
  • *Selection of highly rated schooling nearby +

New to market is this superb THREE BEDROOM top floor flat set in a sought-after location in the hugely popular area of Bromley. It is within a mile away from GROVE PARK STATION making it perfect for commuters into Central London being in travelcard zone 4. The property is in great condition throughout with the sellers taking particular pride in their home.

The accommodation offers; a welcoming entrance hall, spacious family orientated kitchen, separate reception room, three good sized bedrooms and a white fitted bathroom suite. In addition, the property benefits from a secure intercom system and a quiet residential location to reside in.

There is an array of local amenities nearby including being moments away from the local parade of shops on Burnt Ash Lane, a Lidl Supermarket and a range of eateries as well. For families, you will find within easy reach a range of OFSTED outstanding rated schools and green parks for entertainment. This is an opportunity not to be missed, call today to arrange an appointment to view. EPC Rating: D

*Three good sized bedrooms
*Under a mile away from Grove Park station
*Perfect for commuters
*Parade of local shops nearby and amenities
*Quiet residential area
*Well-presented throughout
*Ample storage space
*Great FTB or investment purchase
*Selection of highly rated schooling nearby

Agent Details

Daniels Property Services, Bromley

020 3866 8896

Next Steps?

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