House · BR2 9SU
Listing removedListed 141 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***60 YEARS PLUS RETIREMENT PROPERTY*** Large Studio flat located on 3rd floor within a retirement development in Homesdale Road, Bromley.
Utilities: Council Tax, Electric, water responsibility of tenant.
Council Tax Band A Studio features: Fitted kitchen Fridge & fridge/freezer Electric oven & electric 4 ring hob Living/Dining area Bathroom: large shower, WC & basin 24 hour Emergency call system Extra features include: Development Manager Access to lift Communal gardens to rear of property Communal laundry room washer/dryers Communal Wc's Communal Kitchen for use by residents and guest Residents car park to the rear of the property Residents lounge with regular social activities in the communal areas inc bingo & quizzes Entertainment nights twice a year & parties three times a year Bromley Town Centre/Bromley South Station is a 10 minute walk or a bus stop is located outside the property.
PLEASE NOTE: A HOLDING DEPOSIT IS REQUIRED IN THE SUM OF £207.69 IN ORDER TO SECURE THE FLAT. THIS WILL BE DEDUCTED FROM YOUR FIRST MONTHS RENT.
THE ONLY REASON THIS DEPOSIT IS NOT RETURNED IS WHERE A TENANT PROVIDES FALSE OR MISLEADING INFORMATION, FAILS RIGHT TO RENT CHECK, WITHDRAWS FROM THE PROPOSED AGREEMENT OR FAILS TO TAKE ALL REASONABLE STEPS TO PROGRESS THE REFERENCING.
EPC Rating - C Client Money Protection CMP 002566 which is a client money protection scheme, and also a member of The Property Ombudsman T00801 which is a redress scheme.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Homesdale Road, Bromley, London, BR2
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