5-bedroom bungalow · BT45 5GZ
For saleListed 105 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are pleased to be marketing this stunning detached home, situated within a well-established and exclusive residential cul-de-sac in Magherafelt. Located just off the Tobermore Road and within walking distance of the town centre, 5 Fern Close is an ideal family home, boasting high quality finishes throughout.
Magherafelt is an expanding town in the heart of Mid-Ulster, with a vibrant town centre, a range of highly regarded schools and a vast array of leisure facilities. There is a diverse range of industries providing local jobs and as the town is located between the country’s two largest cities, Belfast and Derry, Magherafelt is ideal for those commuting to work.
This house has accommodation over 2 floors and extends to approx. 2,750 sq. ft. Entering the property into the spacious entrance hall, there is direct access to 2 private reception rooms.
There is also an open plan kitchen-diner with adjoining living room. The kitchen has an array of eye and low-level units, an extensive worktop along with both a gas cooker and an oil-fired Rayburn Stove.
There is also ample accommodation for a large dining table and chairs. Adjacent to the kitchen is a generous utility room, with excellent storage space and accommodation for appliances. On the first floor, there are 4 well-proportioned bedrooms along with a family bathroom, hot-press and master en-suite.
This property is further enhanced with an annexe, which could be utilised for a variety of uses. It currently comprises of an open plan living and kitchen area, along with a large bedroom and shower room. Externally, the property sits on a slightly elevated plot, with an enclosed garden to the rear and a tarmac driveway to the front, providing for ample off-street parking.
For further information and viewing arrangements, please contact our office on 028 7930 1889 or [email protected] Accommodation and Measurements Ground Floor Hallway 2.21m x 6.38m Lounge 3.98m x 4.64m Family Room 3.97m x 3.47m W/C 2.21m x 1.49m Kitchen 4.03m x 3.98m Dining Area 3.61m x 3.99m Living Room 3.62m x 3.97m Utility 3.93m x 2.19m First Floor Bedroom 3.98m x 4.84m En-Suite 2.19m x 2.64m Bedroom 3.98m x 3.26m Bedroom 3.63m x 2.63m Bedroom 3.93m x 5.84m Bathroom 3.61m x 3.07m Annex Kitchen/Living Area 3.67m x 4.17m Bedroom 4.31m x 4.04m Shower Room 2.23m x 2.39m Important Notice to Purchasers/Interested Parties: These particulars are given on the understanding that they will not be construed as a part of a Contract, Lease or Conveyance.
All measurements, as well as Rates, provided are approximate and whilst every care has been taken in accumulating this information, Winton & Co can give no certainty as to the accuracy thereof.
We recommend that all interested parties and purchasers satisfy themselves regarding the details provided. Digital images may, on occasion, include the use of a wide angle lens.
Please ask if you have any queries about any of the images shown, prior to viewing. Where provided, floor plans are shown purely as an indication of layout.
They are not scale drawings and should not be treated as such.
Winton & Co have not tested any systems, services or appliances that may be contained within the property including the heating systems, where applicable and no warranties are given by the Vendor, Winton & Co or any third party employed by Winton & Co.
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
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FAQ
About 5 Fern Close, Tobermore Road, Magherafelt, BT45 5GZ
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