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Balfour Road, Bromley, BR2 - Image 1
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Balfour Road, Bromley, BR2

South East

£450,000
Listed on 23/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
809 sqft

Description

Nestled in the sought-after Chatterton Village, this two-bedroom terraced house presents a promising opportunity for those interested in renovation or investment. The property is in need of modernization, allowing new owners to customize and enhance the space according to their vision and lifestyle. With its well-proportioned rooms, there's ample scope to reconfigure the layout or update interiors, which can significantly increase the property's value in this desirable area. The surrounding neighborhood is characterized by a strong sense of community and offers easy access to top-rated schools, convenient transport options, and a variety of local amenities. This location not only provides comfort but also positions the property as an appealing investment for future growth. Whether you’re a first-time buyer looking to make your mark or an investor aiming to capitalize on potential rental income, this home is equipped with the foundation needed for a successful project.

Investment Analysis

(BR2 area)

Above Market Value

This property is priced +4.5% above area average per sq ft

+4.5%
This Property
£556/sq ft
Area Average
£532/sq ft
Avg Rent (weekly)
£410
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£473,783
10% above area average per sq ft
Potential ROI
-3.3%
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

Balfour Road, 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
£1,648
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.

Next Steps

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