2-bedroom property · BT23 7DY
Listing removedReduced £5 (−0.6%) on 15 AugListed 96 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Spacious high spec loft style apartment available to let Large open plan living space with laminate flooring Fitted walnut kitchen Integrated fridge, freezer Includes washing machine High vaulted ceilings 2 double bedrooms, master bedroom with en-suite showroom Main bathroom with 3 piece white suite Separate storage space inside apartment UPVC double glazing Gas central heating Private residents car park for Frances House Building - access from East Street Convenient Location - walking distance to town centre & all amenities High Energy Efficiency Rating = Low running costs Great views towards Strangford Lough, Scrabo & Mournes Available for Long Term Rental No pets permitted
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
Short-let licence or registration needed
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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
Agent & docs
FAQ
About 4 Frances House, 142 Frances Street, Newtownards, BT23 7DY
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