Fifth Floor Flat 201, Lemare Lodge, Fair Acres, BROMLEY, Kent, BR2 9BS

Description

Leasehold fifth floor flat 40 years remaining on the lease Location: Lemare Lodge is located on Fair Acres. Shopping amenities are available locally within Bromley with a further range of amenities found within Central London lying to the North. Public transport links are available at Hayes Train Station located to the south and at Eden Park Train Station lying to the west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A21 lying to the east and the A232 located to the south. Recreational pursuits can be found at Norman Park lying to the east. Accommodation: One bedroom, reception room, kitchen, bathroom/wc EPC Rating: C Council Tax Band: C Lease: Held on a lease for a term of 99 years from June 1967 at a ground rent of £TBC per annum. To view: 28/8, 5/9 at 10:30am No booking required – Please arrive at the time stated

Location

Lemare Lodge is located on Fair Acres. Shopping amenities are available locally within Bromley with a further range of amenities found within Central London lying to the North. Public transport links are available at Hayes Train Station located to the south and at Eden Park Train Station lying to the west along with a network of local bus services serving the surrounding areas. The property is served by road links including the A21 lying to the east and the A232 located to the south. Recreational pursuits can be found at Norman Park lying to the east. Accommodation: One bedroom, reception room, kitchen, bathroom/wc

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £5,000–£10,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

• Confirm lease length, ground rent, service charge and major works

Recommendation

Preferred strategy: Buy-to-Let / Owner-Occupier. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Buy-to-Let: ★★★★☆

BRRR: ★★★☆☆

Flip: ★★★☆☆