3 Bed Terraced House, Refurb/BRRR, Beckenham, BR3 4DH, £625,000

Priory Close, Beckenham, BR3 4DH - 2 views - a month ago

Refurb/BRRR
~93 m²
+11 photos

ValuationOvervalued

Sold Prices£395K - £850K
Sold Prices/m²£4.9K/m² - £8K/m²

 

 

Square Metres

~93 m²
Price/m²£6.7K/m²

Value Estimate

£570,000

 

 

End Value (After Refurb)

£611,250

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£156,250

Stamp Duty & Legal Fees

£53,700

Refurb Costs

£49,200

Bridging Loan Interest

£16,406

Total Cash In

£277,306

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£611,250

Mortgage (After Refinance)

£458,438

Mortgage LTV

75%

Cash Left In

£277,306

Equity

£152,813

Rent Range

£1,900 - £3,200

Rent Estimate

£2,318

Running Costs/mo

£2,394

Cashflow/mo

£-76

Cashflow/yr

£-909

Gross Yield

4%

Local Sold Prices

50 sold prices from £395K to £850K, average is £578K. £4.9K/m² to £8K/m², average is £6.2K/m².

PriceDateDistanceAddressBeds 
£520K03/210.07 mi24, St James's Avenue, Beckenham, Greater London BR3 4HG3
£528K03/210.09 mi3, St James's Avenue, Beckenham, Greater London BR3 4HF3
£850K04/230.14 mi27, Broomfield Road, Beckenham, Greater London BR3 3QB3
£547.5K02/210.15 mi232, Clock House Road, Beckenham, Greater London BR3 4LF3
£535K03/210.16 mi27, Dunbar Avenue, Beckenham, Greater London BR3 3RG3
£520K12/200.16 mi33, Dunbar Avenue, Beckenham, Greater London BR3 3RG3
£590K02/230.16 mi28, Dunbar Avenue, Beckenham, Greater London BR3 3RQ3
£550K08/230.17 mi295, Clock House Road, Beckenham, Greater London BR3 4LE3
£532.5K04/210.17 mi299, Clock House Road, Beckenham, Greater London BR3 4LE3
£617.5K12/200.18 mi227, Croydon Road, Beckenham, Greater London BR3 3PT3
£545K11/210.18 mi22, Balmoral Avenue, Beckenham, Greater London BR3 3RE3
£565K08/230.18 mi26, Balmoral Avenue, Beckenham, Greater London BR3 3RE3
£580K06/210.18 mi18, Balmoral Avenue, Beckenham, Greater London BR3 3RE3
£395K06/210.18 mi6, Elmerside Road, Beckenham, Greater London BR3 4AJ3
£562.5K03/210.19 mi218, Clock House Road, Beckenham, Greater London BR3 4LB3
£635K08/230.19 mi152, Clock House Road, Beckenham, Greater London BR3 4LA3
£720K05/230.21 mi211, Clock House Road, Beckenham, Greater London BR3 4LD3
£510K11/200.21 mi231, Clock House Road, Beckenham, Greater London BR3 4LD3
£675K09/210.21 mi11, Gordon Road, Beckenham, Greater London BR3 3QE3
£600K06/210.22 mi25, Balmoral Avenue, Beckenham, Greater London BR3 3RD3
£576K10/210.23 mi124, Clock House Road, Beckenham, Greater London BR3 4JX3
£610K05/230.25 mi100, Eden Park Avenue, Beckenham, Greater London BR3 3HW3
£515K02/210.25 mi42, Eden Park Avenue, Beckenham, Greater London BR3 3HW3
£625K09/210.27 mi27, Colesburg Road, Beckenham, Greater London BR3 4HP3
£605K05/230.27 mi13, Colesburg Road, Beckenham, Greater London BR3 4HP3
£650K12/200.27 mi15, Colesburg Road, Beckenham, Greater London BR3 4HP3
£550K01/210.27 mi43, Colesburg Road, Beckenham, Greater London BR3 4HP3
£740K11/210.27 mi12, Birchwood Avenue, Beckenham, Greater London BR3 3PZ3
£475K02/210.29 mi6, Yew Tree Road, Beckenham, Greater London BR3 4HT3
£700K12/200.29 mi15, Birchwood Avenue, Beckenham, Greater London BR3 3PY3
£807.5K07/230.29 mi21, Hampden Road, Beckenham, Greater London BR3 4HD3
£710K11/220.29 mi7, Langley Road, Beckenham, Greater London BR3 4AE3
£620K05/230.3 mi28, Gowland Place, Beckenham, Greater London BR3 4HS3
£565K06/210.31 mi15, Gwydor Road, Beckenham, Greater London BR3 4DT3
£540K01/210.32 mi101, Eden Park Avenue, Beckenham, Greater London BR3 3HH3
£556K05/230.33 mi25, Cherry Tree Walk, Beckenham, Greater London BR3 3PF3
£455K04/230.33 mi38, Upper Elmers End Road, Beckenham, Greater London BR3 4AN3
£825K08/210.35 mi89, Clock House Road, Beckenham, Greater London BR3 4JU3
£735K02/210.35 mi11, Hampden Avenue, Beckenham, Greater London BR3 4HA3
£480K08/210.36 mi73, Goddard Road, Beckenham, Greater London BR3 4BQ3
£730K03/210.36 mi60, Bramerton Road, Beckenham, Greater London BR3 3PD3
£522.5K03/210.39 mi68, Goddard Road, Beckenham, Greater London BR3 4BG3
£568K12/200.4 mi13, Dorset Road, Beckenham, Greater London BR3 4EA3
£570K03/210.4 mi6, Dorset Road, Beckenham, Greater London BR3 4EA3
£590K04/210.4 mi9, Dorset Road, Beckenham, Greater London BR3 4EA3
£495K06/210.4 mi191, Upper Elmers End Road, Beckenham, Greater London BR3 3QU3
£617.5K09/210.4 mi53, Glanfield Road, Beckenham, Greater London BR3 3JT3
£600K11/200.4 mi79, Stanhope Grove, Beckenham, Greater London BR3 3HL3
£630K12/210.4 mi239, Elmers End Road, Beckenham, Greater London BR3 4EJ3
£600K03/210.41 mi52, Durban Road, Beckenham, Greater London BR3 4EZ3

Local Rents

19 rents from £1.9K/mo to £3.2K/mo, average is £2.3K/mo.

RentDateDistanceAddressBeds 
£2,65003/240.21 miClock House Road, Beckenham, Kent, BR33
£3,00002/240.23 mi-3
£3,20001/250.23 mi-3
£2,35005/240.26 miLangley Road, Beckenham3
£2,25003/240.27 miColesburg Road, Beckenham, BR33
£2,00004/240.41 miGlanfield Road, Beckenham, BR33
£2,50003/240.41 miDurban Road, Beckenham, BR33
£2,50003/240.44 miBeck Lane Beckenham BR33
£1,90003/240.53 miAllen Road Beckenham BR33
£2,25002/250.55 mi-3
£2,25005/240.56 miBlandford Road, Beckenham3
£2,10003/240.56 miArrol Road Beckenham BR33
£2,10003/240.56 miArrol Road Beckenham BR33
£2,00005/240.56 miBlandford Road Beckenham BR33
£2,00005/240.56 mi-3
£2,00004/240.58 miStanhope Grove, Beckenham3
£2,10004/240.58 mi-3
£2,40003/240.6 miErnest Grove Beckenham BR33
£2,50003/240.62 mi-3

Local Area Statistics

Population in BR3

47,386

Population in Beckenham

47,411

Town centre distance

0.55 miles away

Nearest school

0.30 miles away

Nearest train station

0.41 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+3%

Sales demand

Balanced market

Capital growth (5yrs)

+12%

Property History

Listed for £625,000

March 31, 2025

Floor Plans

Description

Alan De Maid are pleased to offer this three bedroom terraced house offering a fantastic opportunity for customization. The property features two spacious reception rooms, a galley kitchen, and a conservatory at the rear, providing ample potential for a modern kitchen-diner conversion. Upstairs, you will find three generously sized bedrooms and a family bathroom.

While the property requires modernisation, it presents a blank canvas for you to put your own stamp on. Additional benefits include off-street parking and being within the catchment area for the highly regarded Balgowan primary school, making it an ideal choice for families. Contact us today to arrange a viewing and explore the potential this home has to offer!

Local Authority: Bromley
Council Tax Band: E

Agent Details

Alan de Maid, Beckenham

020 3870 9019

Next Steps?

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