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Dykes Way, Bromley, BR2 - Image 1
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Dykes Way, Bromley, BR2

South East

£500,000
Listed on 17/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
964 sqft

Description

This three-bedroom mid-terrace home presents an exciting opportunity for renovation and investment. While the property is currently in need of modernization, it offers a solid foundation for those looking to create a personalized living space or capitalize on rental potential. The ground floor features a bright kitchen that flows into an inviting living area, providing ample room for reconfiguration and enhancement. An additional downstairs WC adds convenience, while the charming rear garden offers possibilities for landscaping or outdoor entertaining. Upstairs, you'll find three well-proportioned bedrooms equipped with built-in storage, along with a functional shower room. This layout allows for various design options to maximize the use of space. Situated in a desirable location, the property benefits from proximity to Shortlands and Bromley South stations, ensuring easy access to local transport links. This accessibility makes it an attractive option for both homeowners and investors looking to tap into the area's rental market. With thoughtful updates and renovations, this property has the potential to become a valued asset within the community.

Investment Analysis

(BR2 area)

Below Market Value

This property is priced -2.6% below area average per sq ft

-2.6%
Potential saving
This Property
£519/sq ft
Area Average
£532/sq ft
Avg Rent (weekly)
£417
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£564,504
10% above area average per sq ft
Potential ROI
+4.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (BR2)

Area prices are stable by +2.0% over the last 12 months
3 year growth: +1.4%
5 year growth: +10.6%
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

Dykes Way, Bromley, BR2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,803
Based on a loan of £375,000 over 30 years at 4.06% 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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