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See how verdicts work1-bedroom house · BR1 3AE
Sold STCReduced £15k (−15%) on 19 JunListed 223 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
CHAIN FREE WITH LONG LEASE - One bedroom 2nd floor rear facing retirement flat in need of some modernisation. Set within a popular development close to Bromley town centre.
The property comprises a lounge overlooking the communal gardens, fitted white kitchen, a double bedroom with fitted wardrobes, shower room.
The property offers sealed unit UPVC double glazing, electric heating via storage heaters and a call alarm system.
The development itself has an on-site manager, lifts to all floors, large communal reception room with small library, kitchenette, laundry room, and two guest suites.
The accommodation is conveniently located with bus stops directly outside, plus M&S at BP and local shops nearby. Residents must be 60 years or older.
Conveniently situated for access to Bromley North Railway station, 0.3 of a mile away and Bromley Town Centre, with its excellent shopping facilities including the Glades shopping centre.
Marks and Spencer, Sainsburys and Lidl stores are nearby. Bromley South Station is around 0.5 miles away. Bus routes including the 162, 269, 336 and new Superloop SL3, pass close by.
Construction Type Standard Construction Communal Entrance Security entry phone system, reception area, lift and stairs to all floors, managers office.
Entrance Hall Hardwood door into hallway, security entry phone, meter cupboard, airing cupboard, emergency pull cord, electric radiator.
Living Room Double glazed window overlooking communal gardens, electric radiator, sliding door into kitchen.
Kitchen 2.06m x 2.06m (6' 9" x 6' 9") White fitted kitchen, space for white goods, stainless steel sink with mixer taps, emergency pull cord.
Bedroom 3.64m x 2.69m (11' 11" x 8' 10") Double glazed window to rear, fitted wardrobes, electric radiator, emergency pull cord.
Bathroom White bathroom suite, double walk-in shower with electric pump, wash hand basin, low level w/c, heated towel rail, extractor.
Communal Gardens Beautifully kept gardens with summer house and benches to the rear, to the front are well maintained lawns and cherry blossom trees. Parking Residents bays to the rear.
Residents Facilities Large communal lounge, library area, small kitchenette, two guest rooms, management office, laundry room, guests toilets.
Lease 189 years from 29 September 1983 - Approx. 146 years remaining.
TBC Mainentance Service Charge - £242.77 per month (£2,913.20 per year) - TBC Ground Rent £150 per annum - TBC Council Tax London Borough of Bromley Band B For the current rate please visit: bromley.gov.uk/council-tax/council-tax-guide Broadband and Mobile For Broadband coverage at this property, please visit: checker.ofcom.org.uk/en-gb/broadband-coverage For Mobile coverage at this property, please visit: checker.ofcom.org.uk/en-gb/mobile-coverage Utilities Mains - Electric, Water and Sewerage Agents Notes Details of lease, maintenance etc, should be checked with your legal representative prior to exchange of contracts.
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 Widmore Road, Bromley, BR1
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