2-bedroom house · BT22 2NF
For saleListed 130 days
Opportunity summary
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About
Located in the historic village of Greyabbey, this quaint 2 bedroom property is beautifully presented by its current owner and would make a lovely first home or a great Air B&B having benefited from a renovation in the last 10 years and some more recent remedial work.
The property offers a cosy lounge, with feature mock fireplace and real wood flooring, a modern fitted kitchen with casual dining area, also with real wood flooring, a beautiful part tiled bathroom with "P" bath plus 2 first floor bedrooms.
Details such as reclaimed internal doors, brass door furniture, and cast iron fireplace add real character and charm to the home but always balanced with modern conveniences such as oil fired central heating, uPVC double glazing and updated electrics.
Part of the appeal of this home is the outside space including a generous garden to the rear, which is currently in lawn, and a paved patio/sun terrace.
There are also views of the historic "Grey Abbey" which sits directly behind this property.
Greyabbey provides a good range of cafés and restaurants and, with The Orange Tree Wedding Venue near by, this property would be ideal as an Air B&B or a first time buy - it is much loved but has just been outgrown by the current occupant and their young family.
Entrance Composite double glazed door to entrance hall. Entrance Hall (3.76mx1.73m (12'4x5'8)) Spindle staircase to first floor landing. Feature reclaimed wooded doors to kitchen & lounge.
Part wall panelled. Lounge (3.15mx2.69m (10'4x8'10)) Real wood flooring. Feature cast iron fireplace with slate hearth. Kitchen/Diner (4.98mx2.74m (16'4x9'0)) Real wood flooring.
Range of high and low level units in "Shaker style" finish with granite effect worktops. 1 1/2 bowl stainless steel sink with mixer tap. Integrated oven, hob and extractor hood.
Integrated fridge freezer. Plumbed for washing machine. Part tiled walls. UPVC double glazed door to rear garden. Recessed spotlights. Landing (3.30mx1.73m (10'10x5'8)) Spindle banister.
Views over garden towards "Grey Abbey". Air recirulcation vent.
Bathroom (2.13mx1.73m (7x5'8)) White suite comprising "P" bath, with thermostatic shower & glass shower screen, WC & wash hand basin. Tiled floor and part tiled walls. Extractor fan.
Bedroom 1 (3.18mx3.10m (10'5x10'2)) Built in sliding mirror door wardrobes. Feature wall panelling. Bedroom 2 (3.15mx2.36m (10'4x7'9)) Garden views.
Outside Paved patio area directly to rear (uPVC oil tank - Oil fired boiler). Shared walkway with bins and oil access leading to private rear garden in lawn with mature hedges.
Tenure Freehold Buyers Notes Although in very good overall condition, the vendor has advised that there is evidence of some damp at low levels in the front wall.
No survey or inspection has been carried out but buyers should expect to need to address this post sale.
Property Misdescriptions Every effort has been made to ensure the accuracy of the details and descriptions provided within the brochure and other adverts (in compliance with the Consumer Protection from Unfair Trading Regulations 2008) however, please note that, John Grant Limited have not tested any appliances, central heating systems (or any other systems).
Any prospective purchasers should ensure that they are satisfied as to the state of such systems or arrange to conduct their own investigations.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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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
Agent & docs
FAQ
About 117, Main Street, Newtownards
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