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Ridgeway Drive, Bromley, BR1

South East

£595,000
Listed on 31/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1017 sqft

Description

This three-bedroom end of terrace chalet-style home presents a promising opportunity for renovation and investment in a sought-after location. The property features a well-structured layout; the ground floor boasts a welcoming entrance hallway, a versatile third bedroom that could serve as an office, and a bright sitting room complete with a fitted gas fire. The separate dining area opens onto the rear garden, and the kitchen comes equipped with built-in appliances, though it offers potential for modern upgrades. A contemporary shower room is also located on this level. Upstairs are two spacious double bedrooms with built-in storage solutions. This property benefits from gas central heating via a combination boiler and double glazing throughout, ensuring efficient energy use. The expansive rear garden includes a lawn and decked sun terrace, complemented by side access to a detached garage, which could enhance parking options or additional storage capacity. There’s significant scope for extending the property further, subject to obtaining necessary planning consents. Strategically located near local amenities in Grove Park and excellent transport links to Central London make this an appealing proposition for families or investors looking to add value.

Investment Analysis

(BR1 area)

Above Market Value

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

+13.6%
This Property
£585/sq ft
Area Average
£515/sq ft
Avg Rent (weekly)
£418
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£576,186
10% above area average per sq ft
Potential ROI
-9.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (BR1)

Area prices are falling by -4.8% over the last 12 months
3 year growth: -0.1%
5 year growth: +1.8%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,107
Based on a loan of £446,250 over 30 years at 3.91% 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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