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See how verdicts work3-bedroom terraced house · BT12 7BL
Listing removedListed 85 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
87 Iris Drive An excellent opportunity to acquire a well-presented three-bedroom mid-terrace home situated in a convenient and established residential location in South Belfast.
Ideally positioned within walking distance of Belfast City Hospital, the Royal Victoria Hospital and Belfast City Centre, the property also enjoys close proximity to both Boucher and Lisburn Road, offering an excellent range of retail outlets, supermarkets, cafés and restaurants.
The area is well served by local schools, regular public transport links and arterial routes, making it an ideal choice for first-time buyers, young families and investors alike.
Internally, the property offers bright and well-proportioned accommodation throughout.
The ground floor comprises a spacious lounge, a fitted kitchen with an excellent range of high- and low-level units, and a generous shower room fitted with a three-piece suite.
On the first floor are three well-proportioned bedrooms, providing flexible accommodation for family living, guests or those working from home.
Externally, the property benefits from a low-maintenance enclosed rear yard, while on-street parking is available to the front.
Features Well-presented three-bedroom mid-terrace property Modern fitted kitchen with a range of high- and low-level units Ground floor shower room with three-piece suite Three well-proportioned first floor bedrooms Gas-fired central heating uPVC double glazing Enclosed rear yard Walking distance to Belfast City Hospital, the Royal Victoria Hospital and Belfast City Centre Close to Boucher Road and an excellent range of local amenities Excellent transport links and easy access to the M1 motorway Ideal for first-time buyers, young families and investors Accommodation Ground Floor Living Room - 4.16m x 3.90m Bright and spacious reception room with feature fireplace.
Kitchen - 3.70m x 2.30m Modern fitted kitchen with a range of high- and low-level units, stainless steel sink unit, integrated oven with four-ring gas hob and access to rear.
Bath room - 2.20m x 2.20m Modern three-piece suite comprising low flush WC, wash hand basin and corner shower cubicle.
First Floor Bedroom One - 3.10m x 2.80m Well-proportioned double bedroom with large window and carpet flooring. Bedroom Two - 3.30m x 2.05m Bright second bedroom with carpet flooring.
Bedroom Three - 2.30m x 1.70m Third bedroom, ideal as a nursery, home office or dressing room.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
Set an offer; the calculator follows it.
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 87 Iris Drive, Belfast, BT12 7BL
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