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Downham Way, Bromley

South East

£400,000
Listed on 11/07/2025

Property Details

Bedrooms
4
Type
Detached house
Area
879 sqft

Description

This four-bedroom terraced house presents a noteworthy opportunity for those looking to invest or renovate. With its solid structure and ample space, the property is well-positioned for modernization or reconfiguration to suit personal preferences or rental markets. Spanning three floors, the layout includes a spacious reception area on the ground floor, alongside a separate kitchen and a practical downstairs bathroom. The first floor features three bedrooms, while the loft conversion houses the fourth bedroom, providing flexibility in design and use of space. There is potential for further expansion, subject to planning permission, allowing for an increase in both living area and value. Outside, you will find a private rear garden that offers a tranquil retreat or additional landscaping options. On-street parking adds convenience for residents and visitors alike. Conveniently located just 0.6 miles from Beckenham Hill station, this property benefits from good transport links, making it attractive to commuters. This location also offers easy access to local amenities and parks, enhancing its appeal for future occupants or tenants.

Investment Analysis

(BR1 area)

Below Market Value

This property is priced -11.0% below area average per sq ft

-11.0%
Potential saving
This Property
£455/sq ft
Area Average
£511/sq ft
Avg Rent (weekly)
£430
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £75,000
Target Value
£494,134
10% above area average per sq ft
Potential ROI
+4.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (BR1)

Area prices are falling by +2.1% over the last 12 months
3 year growth: 0.2%
5 year growth: 6.1%
Investment Disclaimer: Analysis based on BR1 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

Downham Way, Bromley
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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
£1,465
Based on a loan of £300,000 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