5-bedroom bungalow · BT32 4JH
Listing removedListed 67 days
Opportunity summary
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About
This 5 bedroom detached bungalow is located in the popular residential development of Kensington Avenue on the much sought after Castlewellan Road. The property boasts large gardens to front and rear. Tarmac driveway at front leading to garage. Features include oil heating and double glazed windows.
Entrance Hall: 12’1 x 5’5 (3.8m x 1.7m) Hardwood door with glass panels leads to hall. Wooden floor.
Lounge: 20’6 x 12’4 (6.3m x 3.8m) View to front and rear of property. Cast iron fireplace with tiled inset, granite hearth and wooden surround.
Kitchen/Dining: 16’0 x 13’1 (4.9m x 4.0m) Range of high and low level oak units. Belling oven and grill. Belling hob. 1 1/2 drainer stainless steel sink unit. Built in double door storage cupboard. Built in double door hotpress. Tiled floor. Par tiled walls.
Utility: 6’8 x 4’9 (2.1m x 1.5m) Tiled floor. WC: 6’8 x 3.6 (2.1m x 1.1m) White WC and wash hand basin.
Bedroom 1: 12’4 x 8’8 (3.8m x 2.7m) Bathroom: 9’1 x 5’5 (2.8m x 1.7m) White bathroom suite comprising of corner bath, WC and wash hand basin. Tiled shower cubicle with Mira electric shower. Tiled walls and floor.
Bedroom 2: 11’4 x 10’8 (3.5m x 3.3m) Built in double door wardrobe. Bedroom 3: 11’1 x 9’5 (3.4m x 2.9m) Built in mirrored sliderobes.
Bedroom 4: 10’8 x 9’1 (3.3m x 2.8m) Bedroom 5: 11’1 x 9’1 (3.4m x 2.8m) Attached Garage: 18’3 x 10’1 (5.6m x 3.1m) Roller door. Light and power.
Directions Travel out the Castlewellan Road and Kensington Avenue is the development on the left hand side just before Iveagh Nursing Home.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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Short-let licence or registration needed
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 59 Kensington Avenue, Banbridge, BT32 4JH
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