105 Ridgeway Drive, Bromley, Kent, BR1 5DB
- Unconditional Online Sale
- Offers in Excess of : £975,000
- Bedrooms: 7
- Bathrooms: 6
- Reception Rooms: 1
Fully Licensed 7-Bed 6-Bath HMO (5 Ensuites) | £92,880 Annual Income | 9.53% Gross Yield | Prime Bromley Location | Near Town Centre, Offices & Retail | Professional Tenants | Fast London Rail Links | Regeneration Area | Turnkey Investment
Description
This spacious, high-quality, fully licensed 7-bedroom HMO—featuring six bathrooms with five ensuites—offers a compelling investment opportunity in a prime Bromley location and benefits from valuable off-street parking. Fully tenanted by working professionals, the property generates an impressive £92,880 in annual rental income, delivering a strong gross yield of 9.53% supported by stable occupancy and reliable cash flow. Well-presented throughout, it provides premium accommodation close to Bromley town centre, offices, retail, and local amenities, ensuring consistent tenant demand. Excellent transport connectivity via fast rail links to London terminals, alongside easy access to the A21 and M25, further enhances its commuter appeal. With ongoing town centre investment and continued commercial growth driving long-term demand and capital appreciation, this property represents a secure, high-performing investment in one of South East London’s most resilient and desirable rental markets.
Income Breakdown (Monthly)
| Room 1: £1,125.00 |
| Room 2: £1,150.00 |
| Room 3: £1,315.00 |
| Room 4: £1,150.00 |
| Room 5: £900.00 |
| Room 6: £1,150.00 |
| Room 7: £950.00 |
| Total Monthly Income: £7,740.00 |
| Total Annual Income: £92,880.00 |
Expenditure Breakdown (Monthly):
| Gas: N/A |
| Electric: £500.00 |
| Water: £168.00 |
| Council Tax: £246.00 |
| TV License: £15.00 |
| Broadband: £59.30 |
| Cleaner: £97.50 |
| Management: Self-managed |
| Total Monthly Expenditure: £1,085.80 |
| Total Annual Expenditure: £13,029.60 |
Investment Performance:
| Net Annual Income: £79,850.40 |
| Gross Yield: 9.53% |
| Net Yield: 8.19% |
Committed Sale Process
This property is offered for sale via the HMO X Committed Sale process. Buyers are advised to review the full Terms & Conditions of sale and all documentation contained within the legal pack before making an offer.
If your offer is accepted, a £3,500 reservation deposit will be required to secure the property and remove it from the market. The deposit is not a buyer’s fee and will be credited toward the purchase price on exchange.
Full details of the Committed Sale process are available within the legal pack or from the HMO X team.
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Financing
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