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Balfour Road, Bromley BR2

South East

£425,000

Listed on 15/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
753 sqft

Description

Nestled in a desirable area of Bromley, this two-bedroom freehold property boasts ample living space and a sizeable rear garden, making it a promising opportunity for renovation enthusiasts. With its strategic location providing easy access to local amenities, schools, and transport links, this home is ideally suited for those looking to personalize their living environment. Spanning two floors, the accommodation features a spacious through reception room that bathes in natural light and is perfect for both family gatherings and entertaining guests. The practical fitted kitchen at the rear includes direct access to the garden, while a conveniently located bathroom is situated on the ground floor. Upstairs, you’ll find two generously sized double bedrooms; the main bedroom includes built-in storage solutions, while the second bedroom offers flexible usage—ideal for a nursery, guest room, or home office. The expansive rear garden presents numerous possibilities for landscaping or an outdoor entertainment space. This property requires cosmetic updates but offers excellent potential for enhancement and personalization—an attractive proposition for buyers eager to create their dream home in a sought-after neighborhood.

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.

Stamp Duty Calculator

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