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Mungo Park Way, Orpington, BR5

South East

£450,000
Listed on 06/09/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1024 sqft

Description

This three-bedroom detached bungalow presents a solid opportunity for those looking to invest in a property with excellent renovation potential. Nestled within a well-established development, the location boasts convenient access to public transportation links and local amenities, including the popular Nugent Centre and Orpington High Street, both just a short drive away. The interior of the home is spacious, with a generous lounge/dining area that features a striking vaulted ceiling, enhancing the sense of openness. Large double-glazed patio doors bathe this space in natural light while providing delightful views of the east-facing garden, perfect for enjoying morning sunshine. The kitchen is functional and equipped with essential appliances, offering ample storage options and potential for modernization. Each of the three double bedrooms benefits from built-in wardrobes, providing plenty of storage space. The shower room is practical but could be updated to suit contemporary tastes. Although the property is currently in comfortable condition, there’s scope for new owners to make personal upgrades and enhancements that align with their style. The outdoor space is particularly noteworthy; the thoughtfully designed garden features mature plants and shrubs, creating an inviting atmosphere for relaxation or gardening enthusiasts. A patio area provides an ideal spot for outdoor dining or unwinding after a long day. Additional features include a well-sized detached garage and extensive off-street parking suitable for multiple vehicles. With double glazing throughout and a heating system enhanced by an ADEY central heating filter cleaner, this bungalow offers a solid foundation from which to create your dream home while also being positioned in an attractive location with promising appreciation potential.

Investment Analysis

(BR5 area)

Below Market Value

This property is priced -12.3% below area average per sq ft

-12.3%
Potential saving
This Property
£439/sq ft
Area Average
£501/sq ft
Avg Rent (weekly)
£438
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£20,000 - £30,000
Target Value
£564,214
10% above area average per sq ft
Potential ROI
+17.5%
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

Mungo Park Way, 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
£1,648
Based on a loan of £337,500 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