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Berrys Green Road, Berrys Green, TN16

South East

£650,000

Listed on 20/07/2026

Property details

Bedrooms
2
Type
Detached
Area
1553 sqft

Description

This expansive plot offers significant redevelopment potential, ideal for those looking to create a custom home or a modern detached bungalow. Nestled on a generous 1.24-acre flat site, the property is accessed via a long private driveway complete with iron gates. While the existing bungalow features 2 double bedrooms, a spacious lounge/dining area, kitchen, and bathroom, it is in need of modernization. The opportunity here extends beyond simple refurbishment; buyers may choose to enhance the current structure or even demolish it to make way for a tailored new build, pending necessary planning approvals from Bromley Council. Similar projects in the surrounding area have set a beneficial precedent for development. Additionally, the property includes a double garage and features sustainable elements like air sourced heat pumps and solar panels. The lush grounds are adorned with mature lawns and trees, creating an inviting landscape for future plans. With no onward chain, this is an attractive proposition for developers and homeowners alike.

Investment analysis

(TN16 area)

Below Market Value

This property is priced -7.0% below area average per sq ft

-7.0%
Potential saving
This Property
£419/sq ft
Area Average
£450/sq ft
Avg Rent (weekly)
£401
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£768,564
10% above area average per sq ft
Potential ROI
+2.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (TN16)

Area prices are rising by +3.3% over the last 12 months
3 year growth: -1.1%
5 year growth: +9.5%
Investment Disclaimer: Analysis based on TN16 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

Berrys Green Road, Berrys Green, TN16
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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
£2,456
Based on a loan of £487,500 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.

Stamp duty calculator

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