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Chalkpit Avenue, Orpington, BR5 - Image 1
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Chalkpit Avenue, Orpington, BR5 - Image 5

Chalkpit Avenue, Orpington, BR5

South East

£699,995
Listed on 13/08/2023

Property Details

Bedrooms
3
Type
Detached house
Area
581 sqft

Description

This 3-bedroom bungalow presents a unique opportunity for investors and developers, especially with the additional land at the rear that offers significant potential for expansion or redevelopment, pending planning approval. The property is situated on a corner lot, which could enhance its appeal for various development options. Inside, the residence features a comfortable layout including a lounge with tiled flooring and an electric fireplace, creating a cozy atmosphere. The kitchen is functional and equipped with essential appliances such as a gas hob and electric oven, alongside ample space for further updates or reconfiguration to suit modern living preferences. The bedrooms are well-proportioned, each benefiting from natural light through double-glazed windows. The master bedroom includes a bay window that adds character and enhances the living experience. While the existing interior may need some cosmetic upgrades, it provides a solid foundation for renovation projects. Location-wise, this property is conveniently located near Cray Valley Golf Club and St Mary Cray station, which facilitates easy commuting. Orpington High Street is also within proximity, offering diverse shopping and dining options as well as leisure facilities. This blend of accessibility and local amenities makes it an attractive investment opportunity in a growing area. With its combination of features and location advantages, this bungalow has considerable potential for those looking to renovate or redevelop in order to maximize their investment return.

Investment Analysis

(BR5 area)

Above Market Value

This property is priced +140.5% above area average per sq ft

+140.5%
This Property
£1,205/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£438
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£320,125
10% above area average per sq ft
Potential ROI
-57.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (BR5)

Area prices are rising by +15.2% over the last 12 months
3 year growth: 9.8%
5 year growth: 21.5%
Investment Disclaimer: Analysis based on BR5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Chalkpit Avenue, Orpington, BR5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,564
Based on a loan of £524,996 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE