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Beverley Road, Bromley, Kent, BR2 - Image 1
Beverley Road, Bromley, Kent, BR2 - Image 2
Beverley Road, Bromley, Kent, BR2 - Image 3
Beverley Road, Bromley, Kent, BR2 - Image 4
Beverley Road, Bromley, Kent, BR2 - Image 5
Beverley Road, Bromley, Kent, BR2 - Image 6
Beverley Road, Bromley, Kent, BR2 - Image 7
Beverley Road, Bromley, Kent, BR2 - Image 8
Beverley Road, Bromley, Kent, BR2 - Image 9
Beverley Road, Bromley, Kent, BR2 - Image 10
Beverley Road, Bromley, Kent, BR2 - Image 11

Beverley Road, Bromley, Kent, BR2

South East

£650,000
Listed on 22/09/2024

Property Details

Bedrooms
3
Type
Semi-detached house
Area
938 sqft

Description

This charming three-bedroom semi-detached home, built in the 1930s, presents an excellent opportunity for renovation and expansion. With potential to extend both at the rear and into the loft, subject to obtaining the necessary planning permissions, this property is ideal for those looking to create their dream living space. Nestled on a quiet residential street, the home is conveniently located within walking distance of Hollydale Recreation Ground and just 0.4 miles from Ravenswood School. The vibrant amenities of Locksbottom, including shops and restaurants, are easily accessible, while local bus routes provide straightforward connections to Orpington and Bromley South stations. Inside, the ground floor features a through sitting/dining room that benefits from natural light through a bay window at the front and a full-height window overlooking the garden. The galley-style kitchen offers a functional layout with ample fitted wall and base units, along with direct access to the rear garden. Upstairs, you will find two well-proportioned double bedrooms fitted with wardrobes, alongside a comfortable single bedroom. A modern shower room was recently installed in February 2023, adding to the home's practicality. The expansive rear garden spans approximately 131 feet in length and is primarily laid to lawn, complemented by a paved seating area and surrounded by mature trees—creating a tranquil outdoor retreat. Additionally, the front garden features lawn space that could potentially be converted into off-road parking. This property stands as a promising investment for those willing to invest time and resources into enhancements that could significantly increase its value.

Investment Analysis

(BR2 area)

Above Market Value

This property is priced +30.2% above area average per sq ft

+30.2%
This Property
£693/sq ft
Area Average
£532/sq ft
Avg Rent (weekly)
£410
Avg Yield
3.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£549,330
10% above area average per sq ft
Potential ROI
-19.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (BR2)

Area prices are rising by +3.9% over the last 12 months
3 year growth: 2.7%
5 year growth: 15.4%
Investment Disclaimer: Analysis based on BR2 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

Beverley Road, Bromley, Kent, BR2
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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
£2,381
Based on a loan of £487,500 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