2 Bed Flat, Refurb/BRRR, Beckenham, BR3 5AB, £375,000

Southend Road, Beckenham, BR3 5AB - 3 views - a month ago

Refurb/BRRR
ROI: 2%
~68 m²
+13 photos

ValuationOvervalued

Sold Prices£200K - £450K
Sold Prices/m²£4K/m² - £8.3K/m²

 

 

Square Metres

~68.11 m²
Price/m²£5.5K/m²

Value Estimate

£361,195

 

 

End Value (After Refurb)

£371,557

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£26,200

Refurb Costs

£36,033

Bridging Loan Interest

£9,844

Total Cash In

£167,577

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£371,557

Mortgage (After Refinance)

£278,668

Mortgage LTV

75%

Cash Left In

£167,577

Equity

£92,889

Rent Range

£1,400 - £2,300

Rent Estimate

£1,773

Running Costs/mo

£1,536

Cashflow/mo

£237

Cashflow/yr

£2,847

ROI

2%

Gross Yield

6%

Local Sold Prices

50 sold prices from £200K to £450K, average is £350K. £4K/m² to £8.3K/m², average is £5.1K/m².

PriceDateDistanceAddressBeds 
£360K09/230.04 mi21, Hanson Close, Beckenham, Greater London BR3 1WJ2
£405K05/210.05 mi27, Shannon Way, Beckenham, Greater London BR3 1WG2
£401K05/210.05 mi26, Shannon Way, Beckenham, Greater London BR3 1WG2
£434.5K07/230.05 mi8, Shannon Way, Beckenham, Greater London BR3 1WG2
£290K08/230.11 mi46, Chislet Close, Beckenham, Greater London BR3 1UB2
£320K09/210.15 miFlat 5, Jodie Court, Stevens Close, Beckenham, Greater London BR3 1RT2
£355K06/230.16 miFlat 5, Edden House, Brackley Road, Beckenham, Greater London BR3 1RD2
£370K10/230.19 miFlat 7, Malling House, Abbey Park, Beckenham, Greater London BR3 1PZ2
£345K11/200.2 miFlat 1, Boxley House, Abbey Park, Beckenham, Greater London BR3 1PS2
£350K12/200.21 miFlat 1, Bearstead House, Abbey Park, Beckenham, Greater London BR3 1PP2
£345K01/210.21 miFlat 1, Minster House, Abbey Park, Beckenham, Greater London BR3 1PR2
£364K08/230.23 miFlat 5, Westwood House, Abbey Park, Beckenham, Greater London BR3 1PL2
£371K03/210.31 mi28, Silverwood Close, Beckenham, Greater London BR3 1RN2
£375K12/200.31 mi1, Silverwood Close, Beckenham, Greater London BR3 1RN2
£355K12/220.31 mi29, Silverwood Close, Beckenham, Greater London BR3 1RN2
£400K08/230.32 mi12, Parkwood, Beckenham, Greater London BR3 1TR2
£242.5K12/200.37 miFlat 16, Rokell House, Beckenham Hill Road, Beckenham, Greater London BR3 1TF2
£345K01/210.46 mi7, Sutton Close, Beckenham, Greater London BR3 5UG2
£317.5K03/210.46 mi1, Sutton Close, Beckenham, Greater London BR3 5UG2
£375K04/210.47 mi8, Apex Close, Beckenham, Greater London BR3 5TU2
£380K02/210.47 mi6, Apex Close, Beckenham, Greater London BR3 5TU2
£395K03/210.47 mi28, Apex Close, Beckenham, Greater London BR3 5TU2
£375K04/230.47 mi40, Apex Close, Beckenham, Greater London BR3 5TU2
£415K01/230.47 mi17, Apex Close, Beckenham, Greater London BR3 5TU2
£417K12/200.49 miFlat 4, Klinton, Copers Cope Road, Beckenham, Greater London BR3 1NR2
£323.2K10/210.51 miFlat 13, Ightham House, Bethersden Close, Beckenham, Greater London BR3 1PE2
£265K12/200.56 mi4, Meadow Close, London, Greater London SE6 3NW2
£370K09/230.57 mi35, Embassy Gardens, Beckenham, Greater London BR3 1HF2
£326K02/230.57 mi42, Embassy Gardens, Beckenham, Greater London BR3 1HF2
£450K06/210.57 mi18, Waylands Mead, Beckenham, Greater London BR3 5XT2
£415K04/210.57 mi33, Waylands Mead, Beckenham, Greater London BR3 5XT2
£370K01/240.58 mi18, Meadow Close, London, Greater London SE6 3NW2
£320K09/230.58 mi14, Meadow Close, London, Greater London SE6 3NW2
£292K01/240.58 mi101, Meadowview Road, London, Greater London SE6 3NJ2
£250K01/230.59 mi113, Meadowview Road, London, Greater London SE6 3NJ2
£330K01/210.59 mi9, Embassy Gardens, Beckenham, Greater London BR3 1HE2
£265K01/230.62 mi89, Dunfield Road, London, Greater London SE6 3RG2
£365K03/210.63 mi29a, Manor Road, Beckenham, Greater London BR3 5JB2
£276K04/210.65 mi158, Meadowview Road, London, Greater London SE6 3NQ2
£335K10/210.65 mi17, Meadowview Road, London, Greater London SE6 3NL2
£285K01/210.65 mi43, Meadowview Road, London, Greater London SE6 3NL2
£295K09/210.66 mi60, Meadowview Road, London, Greater London SE6 3NN2
£265K08/230.66 mi46, Meadowview Road, London, Greater London SE6 3NN2
£200K07/230.66 mi36, Meadowview Road, London, Greater London SE6 3NN2
£430K08/230.66 mi16, River Grove Park, Beckenham, Greater London BR3 1HX2
£262.5K06/210.66 mi72, Montana Gardens, London, Greater London SE26 5BG2
£270K04/230.66 mi67, Montana Gardens, London, Greater London SE26 5BG2
£350K08/230.7 mi39, Lankton Close, Beckenham, Greater London BR3 5DZ2
£410K09/210.71 mi55, Rectory Green, Beckenham, Greater London BR3 4HX2
£299K10/210.71 mi168, Meadowview Road, London, Greater London SE6 3NH2

Local Rents

51 rents from £1.4K/mo to £2.3K/mo, average is £1.8K/mo.

RentDateDistanceAddressBeds 
£1,85003/250.03 mi-2
£1,50003/240.04 miHanson Close, BR32
£1,40002/240.05 mi-2
£1,75003/250.1 mi-2
£1,60004/240.1 miLittlestone Close, Beckenham, BR32
£1,75003/240.12 miBeckenham Place Park, BR32
£1,80003/240.13 mi-2
£1,80003/240.13 miBeckenham Place Park, Beckenham, BR32
£1,80005/240.15 miStevens Court, Beckenham, BR32
£1,80005/240.15 mi-2
£1,75003/240.16 miHeadingley Drive Beckenham BR32
£1,75004/240.16 miHeadingley Drive Beckenham BR32
£1,60004/240.16 miPorchester Mead, Beckenham, Kent, BR32
£1,55003/240.2 miPorchester Mead, Beckenham, BR32
£1,80005/240.21 mi-2
£1,77505/240.21 miAbbey Park, Beckenham, BR32
£1,45004/240.21 miByron House, Porchester Mead, Beckenham, Kent, BR32
£1,45004/240.21 miByron House, Porchester Mead, Beckenham, Kent, BR32
£2,00012/240.22 mi-2
£1,87502/250.24 mi-2
£1,60003/240.24 miBrackens, Beckenham, Kent, BR32
£1,65004/240.24 miBrackens, Brackley Road, BR32
£1,85003/240.25 miFoxgrove Road, Beckenham, BR32
£1,70003/240.26 mi-2
£1,62504/240.26 miBrackley Road Beckenham BR32
£1,70004/240.27 miFoxgrove Road, Beckenham, BR32
£1,65004/240.27 miBrackley Road Beckenham BR32
£1,75005/240.28 miBrackley Road, Beckenham, Kent, BR32
£1,65003/240.28 miDaniel Court, 19 Brackley Road, BECKENHAM, BR32
£2,25003/240.29 miSouthend Road, Beckenham, BR32
£2,10003/240.3 miSouthend Road, Beckenham, BR32
£2,25003/240.3 miMichael John House, 14 Southend Road, Beckenham, BR32
£2,30004/240.3 miSouthend Road, Beckenham, BR32
£2,25004/240.3 miSouthend Road, Beckenham, BR32
£1,95003/240.31 miSeychelle Court, Beckenham, BR3 5XU2
£1,75005/240.31 miPark Road, Beckenham, BR32
£1,65001/250.32 mi-2
£1,50003/240.32 miCopers Cope Road, Beckenham BR32
£1,55003/240.32 miCopers Cope Road, Beckenham BR32
£1,80003/240.33 miPark Road, Beckenham, BR32
£1,70003/240.34 miThe Avenue, Beckenham, BR32
£1,67503/240.34 miThe Avenue, Beckenham, BR32
£1,45004/240.35 miOaklands, The Avenue2
£1,85003/240.36 miKestrel Court , The Avenue 2
£1,70003/240.36 miThe Avenue, Beckenham, London, BR32
£1,70003/240.36 miRegents Court, Beckenham, BR32
£1,70003/240.36 mi-2
£2,00004/250.37 mi-2
£2,00003/240.41 miLawn Road Beckenham BR32
£2,20003/240.41 miLawn Road Beckenham BR32
£1,80003/240.41 miLawn Road Beckenham BR32

Local Area Statistics

Population in BR3

47,386

Population in Beckenham

47,411

Town centre distance

1.04 miles away

Nearest school

0.20 miles away

Nearest train station

0.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £375,000

March 19, 2025

Floor Plans

Description

  • Second floor +
  • Garage +
  • Two double bedrooms +
  • Sold with no onward chain +
  • Requires some updating. +
  • Mansion style purpose built flat +
  • Long lease and share of freehold +
  • Exceptionally light living space +
  • Equal to New Beckenham and Beckenham Junction stations +
  • Direct access to Beckenham Place Park +

Situated on the top floor of this well maintained purpose built block we are delighted to offer for sale this charming two double bedroom flat that in our opinion offers incredibly light and spacious living accommodation. This property enjoys an abundance of natural light and the current owner has maintained it well and whilst it does require some updating it does provide one with the potential to create the ideal perfect home. There have been various modernisations including electrics being updated and down lights installed and decoratively it has over the years benefited from light and neutral design to suit all tastes. The property does have a long lease of over 900 years and also a share of the freehold for great tenure and each owner has access to the private lane that gives one direct access to Beckenham Place Park. New Beckenham and Beckenham Junction stations are both equal walking distance and of particular note this property also has its own private garage. It is sold with no onward chain for a stress free simple purchase and your earliest attention to view is strongly advised to avoid disappointment. Viewings are strictly by appointment with the vendors sole selling agents.

Agent Details

Coady Phillips, Bromley

020 3869 0439

Next Steps?

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