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Sunray Avenue, Bromley, BR2

South East

£525,000
Listed on 01/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
947 sqft

Description

This three-bedroom semi-detached property on a sought-after street offers a unique opportunity for those looking to invest in a home with significant renovation potential. While the property requires extensive modernization, it presents an ideal blank canvas for creative homeowners or investors eager to enhance its value. The current layout features two reception rooms, a kitchen, three bedrooms, and a family bathroom, all of which can be redesigned to suit modern living preferences. Moreover, there is ample scope to extend the property, subject to obtaining the necessary planning permissions, allowing for increased living space that could transform this house into an expansive family home. Outside, the property includes off-street parking, a detached garage, and a sizable garden. This outdoor area not only provides a safe space for children to play but also offers potential for landscaping projects or further enhancements that could add significant value. Located conveniently near Petts Wood, Bickley, and Bromley South Stations, this home boasts excellent transport links to central London destinations such as London Bridge, Charing Cross, and Victoria. The surrounding neighborhood is well-served by quality schools ranging from outstanding primary institutions to reputable grammar schools. Additionally, residents enjoy easy access to various coffee shops, restaurants, and shopping facilities as well as nearby green spaces and parks. The proximity to the Kent countryside is an added bonus for outdoor enthusiasts. This property warrants a viewing to truly appreciate its size and the vast opportunities for improvement and expansion available. With thoughtful renovations guided by your vision or strategic investments in necessary updates, this could become not only a lovely family dwelling but also an attractive long-term asset.

Investment Analysis

(BR2 area)

Above Market Value

This property is priced +4.1% above area average per sq ft

+4.1%
This Property
£554/sq ft
Area Average
£532/sq ft
Avg Rent (weekly)
£410
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£554,601
10% above area average per sq ft
Potential ROI
-11.3%
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

Sunray Avenue, Bromley, 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
£1,923
Based on a loan of £393,750 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