4-bedroom property · BT5 4EF
For saleListed 49 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Handsome Mid Terrace Redbrick Property Located Within Walking Distance to Belfast City Centre Welcoming Entrance With Tiled Porch To Hallway With Hardwood Floor Bright Front Through Reception Room With Bay Window, Fireplace, Feature Paneling And Hardwood Floor.
Modern Style Galley Kitchen Fully Integrated.
Four Generous Double Bedrooms Spacious Family Shower Room Gas Fired Central Heating Double Glazing Throughout Large Enclosed Rear Yard And Attractive Tiled Forecourt Situated On A Popular Street with Close Proximity To Local Amenities And Transport Links No Chain This substantial Victorian property has been well maintained over recent years by the current owners and displays many features, both modern and classic, that will appeal to a variety of purchasers. The front of the house has a well maintained tiled front garden.
Downstairs comprises of a tiled porch and welcoming entrance hall with hardwood flooring through to a light filled open plan reception room featuring bay window, wood panelling, and tiled fireplace.
The kitchen off boasts a well designed galley kichen with modern units, integrated appliances and complementary tiling. The first floor has a generous light filled front bedroom with fabulous proportions, high ceilings, striking windows with a second double bedroom on this floor along with a fully tiled family bathroom with shower enclosure and white suite.
The top floor has a similar footprint with two further double bedrooms one with Velux window.
The property benefits from gas fired central heating, double glazing, a small forecout and a good sized enclosed rear yard. This property offers spacious, living accommodation with an array of attractive original and would benefit from a cosmetic uplift with enormous potential to add value and personlise. within a short stroll of Belfast City Centre.
Thus we envisage a large amount of interest in this particular property and would therefore suggest an internal viewing at your earliest convenience.
Hardwood front door leading to: ENTRANCE HALL: Porch with tiled floor, upvc door to hall with hardwood flooring. FRONT RECEPTION: LR: 10'1 x 10'7 (3.07m x 3.22m), DR: 11'10 x 10'7 ( 3.6m x 3.22m ) Bay window, tiled fireplace, wood effect panelling, under stairs storage ,vertical blinds. KITCHEN: 12'6 x 7'1 (3.8m x 2.14m) high & low level units, integrated electric oven, electric hob, extractor fan, stainless steel single drainer sink, fridge freezer, washing machine, tiled splash back, laminate worktop, spot lights tiled flooring, and upvc door leading out to rear yard.
BATHROOM: Wash hand basin with vanity unit, shower enclosure with electric shower, low flush toilet, tiled walls, tiled floor and spotlights. BEDROOM ONE: 14'4 (4.37m) x 10' (3.06m) Carpeted, vertical blinds.
BEDROOM TWO: 11'10 (3.6m) x 8'4 (2.55m) Carpeted, vertical blinds.
BEDROOM THREE: 14'4 (4.37m) x 10'1 (3.7m) Carpeted, vertical blinds. BEDROOM FOUR: 11'10 (3.6m) x 8'4 (2.55m) Carpeted, Velux window. OUTSIDE: Enclosed paved rear yard and tiled forecourt .
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 116 Madrid St, Belfast, BT5 4EF
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