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234-242 Broadway, Bexleyheath, Kent, DA6 8AS

South East

£4,000,000
Listed on 24/03/2026

Property Details

Bedrooms
N/A
Type
Retail Property (high Street)
Area
23439 sqft

Description

This substantial freehold development site spans approximately 0.41 acres and is strategically located on The Broadway, near the junction with Albion Road. The property offers an exciting mixed-use development opportunity, ideal for investors or developers looking to capitalize on its redevelopment potential. The main building at 234-236 Broadway features a sizable ground-floor public house (5,000 sq ft), four first-floor office suites totaling around 3,600 sq ft, and a unique penthouse apartment of similar size currently configured as two two-bedroom units with private roof terraces. An additional infill site adds two Class E retail units plus a residential apartment, maximizing the site's scope for comprehensive redevelopment. At 240–242 Broadway, you'll find a vacant double-fronted retail unit and first-floor offices, alongside an expansive cellar space. This flexibility under Use Class E allows for potential subdivision or various commercial uses. The property also includes significant outdoor space with a flat roof area suitable for conversion into a terrace, enhancing its appeal. The entire collection of plots comes with private car parking for over 20 vehicles and presents substantial opportunities for extension or intensification, contingent upon planning consent. Furthermore, the location is poised for growth due to nearby regeneration projects identified by local authorities that aim to increase residential density and enhance community facilities. Located within easy reach of the A2 and Bexleyheath mainline railway station (approx. 0.5 miles), this property boasts excellent transport links to Central London and beyond. The anticipated local development prospects make this site an attractive proposition for those interested in capitalizing on future demand in Bexleyheath.

Investment Analysis

(DA6 area)

Below Market Value

This property is priced -63.1% below area average per sq ft

-63.1%
Potential saving
This Property
£171/sq ft
Area Average
£462/sq ft
Avg Rent (weekly)
£430
Avg Yield
4.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£750,000 - £1,200,000
Target Value
£11,909,122
10% above area average per sq ft
Potential ROI
+129.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (DA6)

Area prices are falling by -3.2% over the last 12 months
3 year growth: +2.0%
5 year growth: +9.1%
Investment Disclaimer: Analysis based on DA6 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

234-242 Broadway, Bexleyheath, Kent, DA6 8AS
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£14,271
Based on a loan of £3,000,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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