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See how verdicts work1-bedroom flat · BR1 4AU
Sold STCReduced £35k (−14.9%) on 26 OctListed 291 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in a popular residential area we are delighted to offer for sale this ground floor purpose built flat that offers great potential for one to put their own mark on a property that needs some updating and in our opinion represents good value for a first time purchase.
The property has for a number of years been let and is now to be sold chain free for a simple hassle free purchase and of particular note the lease has been extended to over 130 years.
Bromley town centre is walking distance as are the mainline stations and a wide variety of shops bars and restaurants that make this property perfect also for a letting investment and one could easliy consider a rental income of £15,000 PA.
The accommodation briefly comprises a large bright lounge, kitchen, double bedroom and family bathroom and viewings are strictly by appointment with the vendors sole selling agents. Hallway .
Reception - 15'11 x 10'6 ft (4.85 x 3.2 m) . Kitchen - 11'1' x 7'1 ft (3.38 x 2.16 m) . Double bedroom - 14'3 x 10' ft (4.34 x 3.05 m) . Bathroom .
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
Short-let restrictions apply
We're still gathering serviced-accommodation data for this area.
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.
Area
Agent & docs
FAQ
About 15 Highland Road, Bromley
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