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Ridgeway Drive, Bromley, BR1 - Image 1
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Ridgeway Drive, Bromley, BR1

South East

£525,000
Listed on 27/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
904 sqft

Description

This three-bedroom mid-terraced home, constructed in the 1930s, presents a unique opportunity for those looking to invest or renovate. With an abundance of natural light and a welcoming atmosphere, the property is situated on a favored tree-lined street that offers convenient access to local amenities and schools. Upon entry, you're greeted by a double-glazed enclosed porch leading into a spacious hallway with practical wood laminate flooring and under-stairs storage. The ground floor features two well-proportioned reception rooms, each adorned with charming cast iron fireplaces and coved cornices. The front lounge boasts a double-glazed bay window, while the dining area has French doors that open directly to the garden—ideal for those who enjoy outdoor dining or entertaining. The high-gloss cream fitted kitchen is functional and equipped with essential appliances, including a five-ring gas hob and stainless steel electric oven. There's ample space for additional appliances, allowing for customization according to personal tastes or investment potential. Moving upstairs, you'll find three bedrooms that can easily be adapted to suit family needs or transformed into functional office spaces. The master bedroom features fitted wardrobes and a pleasant window seat with drawers—a nod to classic design while still offering room for modern updates. The family bathroom has been re-fitted but still allows room for improvements or personalization by new owners. The south-east facing rear garden is predominantly laid to lawn, complemented by a paved patio area that's perfect for outdoor gatherings. Additionally, there’s off-street parking available for two cars at the front of the property. Located near Burnt Ash Lane and Baring Road, this home benefits from proximity to various local shops as well as Grove Park railway station. Transport links provide easy access to central London destinations such as Lewisham and Charing Cross. Families will appreciate being within walking distance of several respected schools. Given its spacious layout and prime location, this property holds substantial renovation potential. Whether you're looking to expand the existing footprint with planning permission or simply enhance the interiors over time, this home offers various avenues for investment growth in a desirable neighborhood.

Investment Analysis

(BR1 area)

Above Market Value

This property is priced +13.6% above area average per sq ft

+13.6%
This Property
£581/sq ft
Area Average
£511/sq ft
Avg Rent (weekly)
£430
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£508,188
10% above area average per sq ft
Potential ROI
-10.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (BR1)

Area prices are falling by +2.1% over the last 12 months
3 year growth: 0.2%
5 year growth: 6.1%
Investment Disclaimer: Analysis based on BR1 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

Ridgeway Drive, Bromley, BR1
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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