Ridgeway Drive, Bromley, Kent

SSTC

7 6 1

£925,000 Offers in excess of House of multiple occupation for sale

SSTC

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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 10.04% 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.

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.

Gross Yield: 10.04%

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: 10.04% Net Yield: 8.63%

Reference: XFG-9637944

Area Description

No area description is available for this property.

Additional Details

Bedrooms: 7 Bedrooms
Bathrooms: 6 Bathrooms
Receptions: 1 Reception
Ensuites: 5 Ensuites
Kitchens: 1 Kitchen
Dining Rooms: 1 Dining Room
Tenure: Freehold
Rights and Easements: Article 4 Area
Risks: Ask Agent

Additional Features

Investment Opportunity

Broadband Speeds

Download: 11mbps - 5000mbps
Upload: 0.9mbps - 5000mbps

Estimated broadband speeds provided by Ofcom for this property's postcode.

Features

Property Layout – 7 bed, 6 bath (5 ensuite) HMO, spacious, high quality and fully licensed
Tenant Type – Fully tenanted by working professionals, delivering strong and stable rental income
Strategic Location – Prime Bromley location close to town centre, offices, retail and amenities
Transport & Connectivity – Fast rail links to London terminals, plus easy A21 and M25 access
Regeneration Benefits – Ongoing Bromley town centre investment and commercial growth boosting demand
High Rental Income & Strong Yield – Gross annual income £92,880 delivering 10.04% yield

Enquiry

To make an enquiry for this property, please call us on 0330 4415 888, or complete the form below.