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See how verdicts work4-bedroom bungalow · BT22 2AN
For saleReduced £10k (−3.5%) on 20 JunListed 331 days
Opportunity summary
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About
6B Cunningburn Road, Newtownards BT22 2AN. We are acting in the sale of the above property and have received an offer of £ 280,000 on the above property.
Any interested parties must submit any higher offers in writing to the selling agent before exchange of contracts takes place.
The Old "Cunningburn Corn Mill" dates back to 1776 when it was built by Alexander Stewart, the owner of Mount Stewart Estate.
Around the Millenium the complex underwent extensive renovation and conversion into a range of dwellings of which number 6B is one. We are advised that it is Grade 2 listed.
A mid terraced bungalow the property is deceptively spacious and retains many of its original features, with some sensitive modern equivalents, to retain the original feel and style but with modern touches.
It offers an open plan "Farmhouse style" kitchen and sitting/dining room, a lounge, with feature fireplace, a bathroom and a ground floor master bedroom with ensuite shower room.
Also on this floor is an additional room with a variety of uses depending on your needs - an occassional bedroom, a snug, a study or home office - which leads through to the garden room at the rear.
On the first floor there is a generous gallery landing with two additional bedrooms and a WC. The property benefits from Oil fired central heating but windows and doors are wooden frame single glazed.
Externally there is an enclosed yard to the rear, leading to a utility/workshop, and access via a car port to the main road at the front. There are gravel beds and mature shrubs to the front.
Entrance Hardwood wood single glazed door to entrance hall. Entrance Hall (5.13m x 5.89m (16'10 x 19'4 )) At widest points. Gallery landing with exposed beams and exposed brick.
Spindle staircase to first floor landing. Exposed stone wall. Sitting Room (4.06m x 3.66m (13'4 x 12)) Quarry tiled floor with exposed beams. Open to kitchen.
Kitchen (4.11m x 4.06m (13'6 x 13'4)) Hand built painted kitchen units with granite and real wood work tops. Range cooker and 1 1/2 inset stainless steel sink. Plumbed for dishwasher.
Exposed brick Island with granite work top and 2 ring electric hob. Spotlights with exposed brick and exposed wooden beams. Single glazed door to rear garden.
Lounge (5.26m x 4.19m (17'3 x 13'9)) Exposed beams. Cast iron fireplace and slate hearth. Built in storage unit. French doors to rear garden.
Bathroom (2.64m x 1.78m (8'8 x 5'10)) White suite comprising panel bath WC & wash hand basin with vanity unit. Tiled floor and part tiled walls.
Sitting Room/Bedroom 4 (4.29m x 2.69m (14'1 x 8'10)) Exposed stone wall and exposed wooden beams. Single glazed door to Garden Room.
Garden Room (4.34m x 3.56m (14'3 x 11'8)) Tiled floor with exposed stone and wooden beams. Single Glazed door to garden. Bedroom 1 (4.19m x 3.51m (13'9 x 11'6)) Exposed stone and wooden beams.
French doors to front garden. En-Suite Shower Room (3.51m x 1.12m (11'6 x 3'8)) White WC & wash hand basin with vanity unit. Thermostatic "rain shower". Fully tiled walls and floor. Spot lights.
Extractor fan. Landing (9.50m x 2.11m (31'2 x 6'11)) Spindle banister. Under eaves storage. Exposed brick and wooden beams. Spotlights. Velux windows.
Bedroom 2 (3.53m x 3.48m (11'7 x 11'5)) Velux window. Spotlights. Under eaves storage. Bedroom 3 (4.98m x 3.07m (16'4 x 10'1)) Real wood flooring. Exposed beams. Velux windows.
Carport (8.23m x 3.07m (27 x 10'1)) Wooden gates access to front. Open to rear. Outside Enclosed yard to the rear, leading to a utility/workshop with access via car port.
Directions Travelling from Newtownards take the Portaferry Road. Cunningburn Road is on the left before Ards sailing club and Mountstewart Road.
Buyer Notes Electricity within the property is currently switched off at the fuse board and the water system is drained down to minimise risks from fire or flood.
Neither will be reinstated until after completion. The property is Grade B listed meaning that there will be restrictions on any work that affects the external appearance or character of the property.
Sewage is by means of a private sewage system shared with the adjoining properties and for which a contribution towards electrical running costs is required on a quarterly basis.
Our client typically requires a quick completion of between 14 and 28 days, from the point that your solicitor receives the title documents, so please ensure that your solicitor is aware of this and can respond quickly.
You will be required to provide evidence of finances to accompany any offer that you wish to make.
Tenure Leasehold - 900 Years wef 20/11/1996 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.
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About 6B, Cunningburn Road, Newtownards
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