3-bedroom flat · BR1 2SF
Sold STCListed 118 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** Guide Price £400,000 - £415,000 *** CHAIN FREE.
Situated within the sought-after Palace Estate area of Bromley, this freshly decorated, spacious three-bedroom ground floor apartment offers approximately 766 sq ft of well-proportioned accommodation, a Share of Freehold, and direct access to a private patio area and attractive communal gardens.
The property comprises an entrance hall, a generous reception room with large windows and doors overlooking the gardens, and an adjoining dining room (originally the 3rd bedroom) which provides flexible space for formal dining, home working or to be re-instated as a bedroom.
The modern fitted kitchen offers an excellent range of wall and base units and integrated appliances.
There are two well-proportioned bedrooms, both benefiting from fitted wardrobes, together with an updated shower room.
The apartment is presented in excellent decorative order throughout and benefits from gas central heating, double glazing and an abundance of natural light.
Externally, residents enjoy beautifully maintained communal gardens, with this ground floor apartment benefiting from direct access onto a private patio area and a garage en-bloc Field Close is enviably positioned within the Palace Estate, one of Bromley's most desirable residential locations.
The property is conveniently situated for Bromley Town Centre, offering an extensive range of shops, restaurants, cafes, bars and leisure facilities.
Excellent transport links are available nearby, with Bromley South Station providing fast and frequent services into London Victoria in approximately 17 minutes. EPC Rating C.
Tenure: Share of Freehold Lease Term - 966 years. Service Charge - £2,170 per annum. Ground Rent - Nil
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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About Field Close, Bromley
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