2 bed flat for sale

Downham Way, Bromley, Kent BR1

An excellent opportunity to acquire this well-proportioned two-bedroom flat, situated on Downham Way, Bromley, BR1 5HR. The property offers practical and versatile accommodation comprising two double bedrooms, a separate living room, kitchen and bathroom, making it an ideal purchase for both investors and owner-occupiers.

The property benefits from a large private garage, providing secure parking and useful additional storage, a valuable feature and an attractive addition for both future owners and prospective tenants.

The accommodation offers a good layout with two well-sized bedrooms and a separate living room providing a comfortable space for relaxing and entertaining. The property also offers scope for modernisation and improvement, subject to any necessary permissions, making it particularly appealing to buyers looking to add value.

Located on Downham Way, the property is well positioned for access to a range of local shops, supermarkets, schools, parks and everyday amenities. Bromley town centre is also within easy reach, offering an extensive selection of shops, restaurants, leisure facilities and services.

The area is well connected by public transport, with local bus routes and nearby rail connections providing access to Bromley and surrounding areas, as well as convenient links towards Central London and other parts of South East London. The location is also well suited to commuters and those requiring access to the wider road network.

This property also benefits from being the Reversion holder to the flat next door which means you benefit by a £250 ground rent (which increases in accordance with the lease) and the eventual reversionary interest when the lease of 408a expires giving you the opportunity of renting it out for a period of time before this superior leasehold expires (subject to law changes).

With its combination of two-bedroom accommodation, separate living room, private garage and convenient location, this property represents an attractive investment opportunity with potential for rental income and long-term value. EPC Rating C.

Key features:
Two bedrooms
One bathroom
Separate living room
Private garage
Reversionary interest of 408a
Well-proportioned accommodation
Convenient Bromley location
Close to local amenities and green spaces
Good transport connections
Scope for modernisation Ideal buy-to-let investment
Suitable for first-time buyers and owner-occupiers

Living Room (4.4m x 3.9m)

Doors to;

Kitchen (2.74m x 1.8m)

Inner Hallway

Doors to;

Bedroom 1 (4.3m x 3.4m)

Bedroom 2 (3.3m x 2.3m)

Bathroom

Garage (5.13m x 4.88m)

The seller advises there is a charge of £136 per calendar month for the garage.

Material Information

Tenure

Leasehold - Term: 125 years from 25 December 1991.

Service Charge

The seller advises the service charge is split 50/50 with the adjoining property. Cost variable. All details to be confirmed by seller's solicitor.

Ground Rent

£150 per annum - £100 per annum for the first 25 years of the said term
£150 per annum for the next 25 years of the said term
£200 per annum for the next 25 years of the said term
£250 per annum for the next 25 years of the said term
£300 per annum for the remainder of the said term

Building Insurance

£170 per annum - All details to be confirmed by seller's solicitor.

Council Tax Band

C.

Broadband

Ultrafast up to 330 Mbps. For more information please visit

Mobile Coverage

Good for voice calls and data outdoors and in home. For more information please visit

Mains Services

Gas/Electricity/Water/Drainage.

Heating System

Gas central heating via radiators.

Property Is Situated Above Commercial Premises