2 Bed Terraced House, Single Let, Bromley, BR1 3PU, £230,000

35 College Road, Bromley, BR1 3PU - 2 views - 11 days ago

Auction
BTL
ROI: 8%
70 m²
+7 photos

ValuationUndervalued

Sold Prices£332K - £805K
Sold Prices/m²£3.9K/m² - £9.2K/m²

 

 

Square Metres

69.60 m²
Price/m²£3.3K/m²

Value Estimate

£278,300
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£57,500

Stamp Duty & Legal Fees

£14,800

Total Cash In

£72,300

 

 

Cash Out

 

Rent Range

£1,490 - £3,000

Rent Estimate

£1,500

Running Costs/mo

£1,039

Cashflow/mo

£461

Cashflow/yr

£5,535

ROI

8%

Gross Yield

8%

Local Sold Prices

50 sold prices from £332K to £805K, average is £450K. £3.9K/m² to £9.2K/m², average is £6.3K/m².

PriceDateDistanceAddressBeds 
£425K09/230.05 mi40, College Road, Bromley, Greater London BR1 3PE2
£472.5K11/220.07 mi11, Scotts Road, Bromley, Greater London BR1 3QD2
£530K06/210.09 mi20, Howard Road, Bromley, Greater London BR1 3QJ2
£440K01/210.09 mi42, Howard Road, Bromley, Greater London BR1 3QJ2
£465K02/230.09 mi8, Mooreland Road, Bromley, Greater London BR1 3RD2
£401.5K02/210.12 mi11, Mooreland Road, Bromley, Greater London BR1 3RD2
£405K10/210.12 mi23, Mooreland Road, Bromley, Greater London BR1 3RD2
£420K03/210.12 mi52, Mooreland Road, Bromley, Greater London BR1 3RD2
£430K02/210.14 mi6, Morgan Road, Bromley, Greater London BR1 3QF2
£407K12/200.14 mi27, Morgan Road, Bromley, Greater London BR1 3QE2
£438.8K12/200.14 mi5, Morgan Road, Bromley, Greater London BR1 3QE2
£480K11/220.2 mi20, Saxon Road, Bromley, Greater London BR1 3RP2
£530K01/230.24 mi45, Heathfield Road, Bromley, Greater London BR1 3RW2
£450K11/200.26 mi21, Park End, Bromley, Greater London BR1 4AN2
£500K05/210.26 mi4, Park End, Bromley, Greater London BR1 4AN2
£485K11/210.29 mi10, Plaistow Grove, Bromley, Greater London BR1 3PB2
£470K01/230.29 mi7, Plaistow Grove, Bromley, Greater London BR1 3PB2
£335K11/210.31 mi62, Palace Road, Bromley, Greater London BR1 3JU2
£435K01/230.33 mi22, Palace Road, Bromley, Greater London BR1 3JT2
£430K09/210.33 mi94, Palace Road, Bromley, Greater London BR1 3JX2
£435K09/230.33 mi73, Palace Road, Bromley, Greater London BR1 3JX2
£332K06/210.35 mi78, Wharton Road, Bromley, Greater London BR1 3LF2
£490K09/230.36 mi18, Lansdowne Road, Bromley, Greater London BR1 3LZ2
£425K03/210.36 mi3, Nash Green, Bromley, Greater London BR1 4ED2
£422.5K03/210.37 mi41, Wharton Road, Bromley, Greater London BR1 3LE2
£585K03/210.37 mi30, Highland Road, Bromley, Greater London BR1 4AD2
£463.5K06/230.38 mi13, Croft Road, Bromley, Greater London BR1 4DR2
£442.5K01/210.38 mi44, Croft Road, Bromley, Greater London BR1 4DR2
£465K02/230.38 mi13, Haxted Road, Bromley, Greater London BR1 3LD2
£475K10/210.41 mi3, Plymouth Road, Bromley, Greater London BR1 3JD2
£470K06/230.41 mi25, Henry Street, Bromley, Greater London BR1 3JB2
£450K06/210.42 mi29, Foxbury Road, Bromley, Greater London BR1 4DG2
£458K06/210.42 mi31, Foxbury Road, Bromley, Greater London BR1 4DG2
£418.3K08/210.44 mi6, Foxbury Road, Bromley, Greater London BR1 4DQ2
£430K04/210.51 mi50, Beckenham Lane, Bromley, Greater London BR2 0DQ2
£805K05/230.52 mi34, Shortlands Gardens, Bromley, Greater London BR2 0EA2
£520K08/230.53 mi57, Recreation Road, Bromley, Greater London BR2 0DY2
£437.5K12/200.53 mi35, Recreation Road, Bromley, Greater London BR2 0DY2
£370K05/210.54 mi120, Burnt Ash Lane, Bromley, Greater London BR1 4DD2
£400K01/210.54 mi108, Burnt Ash Lane, Bromley, Greater London BR1 4DD2
£500K11/220.54 mi7b, Edward Road, Bromley, Greater London BR1 3NG2
£360K04/210.55 mi17, Gladwell Road, Bromley, Greater London BR1 4DA2
£500K08/230.55 mi26, Recreation Road, Bromley, Greater London BR2 0DZ2
£540K11/220.56 mi21, Hilldrop Road, Bromley, Greater London BR1 4DB2
£450K04/230.56 mi16, Hilldrop Road, Bromley, Greater London BR1 4DB2
£407.5K12/220.58 mi65a, Beckenham Lane, Bromley, Greater London BR2 0DN2
£446.5K04/210.59 mi66, Beckenham Lane, Bromley, Greater London BR2 0DW2
£575K10/200.6 mi23, Martins Road, Bromley, Greater London BR2 0EE2
£475K03/230.6 mi91, Martins Road, Bromley, Greater London BR2 0EE2
£545K06/210.6 mi17, Martins Road, Bromley, Greater London BR2 0EE2

Local Rents

50 rents from £1.5K/mo to £3K/mo, average is £1.7K/mo.

RentDateDistanceAddressBeds 
£1,85003/240.04 miScotts Road, Bromley, BR12
£1,89503/250.05 mi-2
£1,60003/240.05 miCollege Road, Bromley, BR12
£1,70003/240.06 miScotts Road, Bromley, BR12
£1,79503/250.07 mi-2
£1,70004/240.11 miHammelton Road, Bromley, BR12
£1,80003/240.11 miCollege Road, Sundridge Park, Bromley, BR12
£1,65003/240.12 miMooreland Road Bromley BR12
£1,60012/240.14 mi-2
£1,60003/240.15 miFairfield Road, Bromley, BR12
£1,50003/240.15 miWeston Grove, Bromley, BR12
£2,65003/250.15 mi-2
£2,00002/240.15 mi-2
£1,49012/240.16 mi-2
£1,49004/240.16 miBabbacombe Road, Bromley, BR12
£1,80004/250.16 mi-2
£1,60001/250.18 mi-2
£1,70002/250.2 mi-2
£1,80002/250.22 mi-2
£1,65003/240.23 miSherman Road, Bromley, BR12
£1,65003/240.24 miSherman Road, Bromley, BR12
£1,60012/240.25 mi-2
£1,70002/250.25 mi-2
£1,70001/250.25 mi-2
£1,95004/240.25 mi4 Blyth Road, Bromley, Kent, BR12
£1,65012/240.25 mi-2
£1,95003/240.26 miBlyth Road Bromley BR12
£2,20003/250.26 mi-2
£1,50004/240.26 miNorth Street, Bromley, BR12
£1,95003/240.27 miBlyth Road, Bromley, BR12
£1,70003/240.3 miHighland Road, Bromley, BR12
£1,60003/250.31 mi-2
£1,89502/250.31 mi-2
£1,67504/240.32 miPlaistow Grove, Bromley. BR12
£1,57503/240.33 mi-2
£1,50003/240.33 mi-2
£1,50003/240.33 miMavery Court, Bromley, BR12
£1,60004/240.35 mi-2
£1,60003/240.35 miNorth Road, Bromley, BR12
£1,70003/240.35 miBurnt Ash Lane, Bromley2
£1,80003/250.36 mi-2
£1,50004/250.36 mi-2
£1,65003/240.37 miWharton Road, Bromley, BR12
£1,65004/240.37 miWharton Road, Bromley, BR12
£1,70004/240.38 miWeymouth House, Bromley, BR22
£2,00003/240.38 miMarket Square, Bromley, BR12
£2,00004/240.38 miMarket Square, Bromley, BR12
£3,00002/250.39 mi-2
£1,50004/240.39 miPark Avenue, Bromley, BR12
£1,69504/250.39 mi-2

Local Area Statistics

Population in BR1

55,931

Population in Bromley

55,947

Town centre distance

0.87 miles away

Nearest school

0.30 miles away

Nearest train station

0.24 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+7%

Sales demand

Balanced market

Capital growth (5yrs)

+17%

Property History

Listed for £230,000

March 31, 2025

Description

  • Freehold +
  • Two bedrooms +
  • Potential to extend into the roof +
  • Vacant +
  • Presented in good decorative order +

StrapLine Auction Sale - 08/04/2025
Of interest to Developers, Investors and Occupiers. A two bedroom terraced house, presented in good decorative order, with potential to extend into the roof subject to requisite consents, well located for the amenities of Bromley. Vacant.

Description A two bedroom terraced house with potential to extend subject to requisite consents. Presented in clean decorative order. Vacant.

Location College Road in a popular road connecting Bromley North to Plaistow Green. Stations are close by offering fast and frequent connections into London plus the property resides within the catchment of some excellent local schools including Parish C of E, Scotts Park and Bullers Wood. Bromley town centre is just over one mile away with a wide variety of shops, bars and restaurants.

Transport Bromley North - Southeastern Railway

Accommodation Ground Floor - Reception Room, Dining Room, Breakfast Room, Kitchen, Separate WC, Patio Garden First Floor - Two Bedrooms, Bathroom/WC

Agent Details

Savills Auctions, London

020 3909 6715

Next Steps?

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