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Balfour Road, Bromley, BR2

South East

£425,000

Listed on 10/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
753 sqft

Description

Situated in a desirable residential area of Bromley, this two-bedroom freehold property boasts spacious living areas and a large rear garden, making it an ideal canvas for renovation enthusiasts. The home is conveniently located near various amenities, schools, and public transport routes, enhancing its appeal to potential buyers or renters. While the interior requires cosmetic upgrades, this offers a wonderful opportunity for creative individuals to infuse their style into the space. The ground floor features a bright reception room designed for both relaxation and entertaining, leading into a functional kitchen that provides direct access to the expansive garden. A practical bathroom on this level adds to the home's convenience. On the upper floor, you'll find two generously sized double bedrooms. The primary bedroom includes built-in storage, whereas the second bedroom can serve multiple purposes such as a guest room or a home office. The sizable garden at the back presents opportunities for outdoor enhancements or landscaping projects, further elevating the property's value. With significant potential for modernisation throughout, this attractive residence is perfect for those looking to invest in a property that they can truly make their own.

Investment Analysis

(BR2 area)

Above Market Value

This property is priced +5.8% above area average per sq ft

+5.8%
This Property
£564/sq ft
Area Average
£533/sq ft
Avg Rent (weekly)
£423
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£441,732
10% above area average per sq ft
Potential ROI
-1.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (BR2)

Area prices are stable by +1.0% over the last 12 months
3 year growth: 0.0%
5 year growth: +10.1%
Investment Disclaimer: Analysis based on BR2 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

Balfour Road, Bromley, BR2
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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
£1,606
Based on a loan of £318,750 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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