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High Street, BROMLEY

South East

£955,000

Listed on 24/04/2026

Property Details

Bedrooms
8
Type
Block Of Apartments

Description

This property comprises the upper floors of a building, structured as six self-contained flats (comprising two 2-bed units and four 1-bed units). It features a private side entrance and is situated over the first and second floors, making it an appealing investment opportunity for those looking to enhance residential rental potential. The current condition of the flats indicates they would benefit from some updating, allowing a new owner to tailor improvements according to market demand. With full vacant possession available, this property is ready for immediate development, particularly given its prime location along the High Street, close to Bromley town centre and various transport links including bus routes and rail stations. Each unit offers essential amenities, setting a solid foundation for renovations aimed at maximizing rental returns.

Investment Analysis

(BR1 area)
Area Average
£508/sq ft
Avg Rent (weekly)
£424
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (BR1)

Area prices are stable by -1.1% over the last 12 months
3 year growth: +0.8%
5 year growth: +3.1%
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

High Street, BROMLEY
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£3,608
Based on a loan of £716,250 over 30 years at 4.45% 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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