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Bishops Green, Bromley, BR1 3HS

South East

£245,000
Listed on 15/05/2026

Property Details

Bedrooms
3
Type
Flat
Area
852 sqft

Description

This spacious three-bedroom flat presents a unique opportunity for those looking to invest or renovate in one of Bromley’s most sought-after residential areas. While the property is in need of comprehensive refurbishment, it allows buyers to design a modern home that suits their individual tastes and needs. Situated on Upper Park Road, known for its beautiful surroundings and proximity to Bromley town centre, this location is ideal for families and professionals alike, with excellent transport links and nearby green spaces enhancing its appeal. The current layout features three bedrooms, a bathroom, a generous reception room, and a decent kitchen area, all offering significant potential for modernization and value addition. Properties with such renovation prospects in this desirable location are becoming increasingly rare, making this an outstanding investment opportunity.

Investment Analysis

(BR1 area)

Below Market Value

This property is priced -44.0% below area average per sq ft

-44.0%
Potential saving
This Property
£288/sq ft
Area Average
£514/sq ft
Avg Rent (weekly)
£440
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £55,000
Target Value
£481,252
10% above area average per sq ft
Potential ROI
+60.4%
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
11%
Properties sold annually

Local Market Trend (BR1)

Area prices are stable by -0.5% over the last 12 months
3 year growth: +2.3%
5 year growth: +5.8%
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

Bishops Green, Bromley, BR1 3HS
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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
£874
Based on a loan of £183,750 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

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