1-bedroom property · BT7 1PU
To rentListed 11 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property People are delighted to bring to the rental market this superb double bedroom within a HMO property located on Magdala Street, close to the Ormeau Road and a less than ten minute walk to the city centre.
This rooms comes with electric, heat and WIFI included in the price (T&Cs apply).
The location of this property alone means it will appeal to a wide range of people with excellent transport links, coffee shops, restaurants/bars and grocery stores all on its doorstep.
A stones throw from the lively Botanic Avenue.
The property itself is well presented throughout and benefits from a spacious living room, large modern kitchen, two full bathrooms, seven well proportioned bedrooms, Inclusive Gas central heating.
Properties of this standard do not stay on the market for long so early viewing is highly recommended.
Bedroom 5 Reception 1 Bathroom 1 Large full suite bathroom with hand basin and toilet Kitchen Large kitchen to accommodate all tenants, fantastic dining quarters attached for relaxing.
Bathroom 2 Second floor full bathroom suite with hand basin , shower & toilet.
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
We're still gathering serviced-accommodation data for this area.
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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
Agent & docs
FAQ
About Room 5, 24 Magdala Street, Belfast, BT7 1PU
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