SummaryFor sale by online auction. Starting Bid 950,000. Terms and conditions apply.
We welcome to the market This is a fantastic investment opportunity in a key location in Bromley Town Centre. This property currently boasts two separate living quarters. The ground two double bedroom apartment is accessed via the front door entrance which leads to two large double bedrooms and living room, dining room, bathroom and kitchens. Planning permission has also been granted for a single story extension, giving an opportunity to increase revenue.
The second entrance to the side opens to a fully licensed hmo 5 bedroom accommodation which has recently been refurbished to a very high standard including a new roof and double glazing, less then 4 yrs old. On the first floor you will find 3 large double bedrooms, all with fitted kitchenettes. A communal kitchen and a communal shower room. The second floor has two further large double bedrooms, a communal shower room and kitchen. The bedrooms are all of such size that they could easily be reconfigured to create extra bedrooms within the hmo.
This property offers impressive high ceilings, large rear garden and off road parking on the frontage for up to four cars. Excellent access to Bromley North and South stations providing direct access to London Victoria or Charing Cross within 18 minutes. This making Bromley a desirable location for London professionals. Bromley's vibrant town centre is a few minutes walk away and boasts two cinemas, theatre and stunning shopping centre The Glades'. All having undergone recent large scale development and investment. Many restaurants and bars and a thriving family community.
The property offers a good yield to investors and also potential for a beautiful family home.
Please Note; We have not inspected this property. Continued...
Holding Fees are calculated on a sliding scale: Rent of £100 - £199pcm = £20 Holding Fee, Rent of £200 - £299pcm = £45 Holding Fee, Rent of £300 - £399pcm = £65 Holding Fee, Rent of £400 - £499pcm = £90 Holding Fee, Rent of £500 - £599pcm = £115 Holding Fee, Rent of £600 - £699pcm = £135 Holding Fee, Rent of £700 - £799pcm = £160 Holding Fee, Rent of £800 - £899pcm = £180 Holding Fee, Rent of £900 - £999pcm = £200 Holding Fee, Rent of over £1000pcm = £230 Holding Fee. The holding fee is non refundable in the eventuality that you withdraw from the process, fail the right to rent checks, provide false or misleading information, or fail to provide requested information within 15 days of the holding deposit being paid. The holding fee will go towards the move-in monies (rent) on successful applications.
Security Deposit - Calculated as one months rent + £25. Eg If the rent is £500, the deposit will be £525. This covers damages or defaults on the part of the tenant during the tenancy.
Property prices in this area have increased at this rate per year over the last 5 years.
If historic price growth continues, this property could be worth this much in 5 years.
0191 244 9567