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Gravel Road, Bromley

South East

£550,000
Listed on 18/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1065 sqft

Description

This three-bedroom detached house presents a compelling opportunity for both homebuyers and investors. Currently vacant, the property is in need of refurbishment, making it an ideal candidate for those looking to add value through renovation. The presence of a driveway offers convenient off-street parking, enhancing its appeal. Situated in a desirable residential neighborhood, the location benefits from proximity to local schools, amenities, and Orpington train station, which provides easy access to London and surrounding areas. This blend of accessibility and community makes it an attractive option for families and commuters alike. Importantly, the property offers significant potential for expansion. There is ample scope for rear or side extensions, subject to planning permission, allowing future owners or developers to customize the space to meet their specific needs or increase its market value. This freehold property boasts not only renovation possibilities but also represents a sound investment choice in a growing area. With careful planning and consideration, this home could become a profitable venture or a cherished family residence.

Investment Analysis

(BR2 area)

Below Market Value

This property is priced -3.0% below area average per sq ft

-3.0%
Potential saving
This Property
£516/sq ft
Area Average
£532/sq ft
Avg Rent (weekly)
£410
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£623,707
10% above area average per sq ft
Potential ROI
+5.7%
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

Gravel Road, 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
£2,015
Based on a loan of £412,500 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.

Next Steps

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE