2-bedroom terraced house · BT40 1QX
Listing removedListed 104 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
MID TOWN HOUSE SINGLE GLAZING TWO RECEPTION ROOMS KITCHEN TWO BEDROOMS OUTSIDE W.C.
WALLED FRONT GARDEN ENCLOSED YARD TO REAR IN NEED OF COMPLETE RENOVATION HIGHLY DESIRABLE RESIDENTIAL LOCATION For sale by Brian A Todd & Co Ltd via the iamsold Bidding Platform Please note this property will be offered by online auction (unless sold prior).
For auction date and time please visit iamsoldni.com. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.
A mid town house situated in a highly desirable residential location, offering excellent potential for renovation and improvement.
The accommodation comprises two reception rooms, a kitchen, and two bedrooms. Externally, the property benefits from a walled front garden, an enclosed rear yard, and an outside W.C.
The property is fitted with single glazing throughout and is in need of complete renovation, making it an ideal opportunity for investors, developers, or purchasers looking to create a home to their own specification.
Viewing is strictly by appointment only through Agents. Auctioneers Comments: This property is for sale under Traditional Auction terms.
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
With this auction method, an immediate exchange of contracts takes place with completion of the purchase required to take place within 28 days from the date of exchange of contracts.
The buyer is also required to make a payment of a non-refundable, part payment 10% Contract Deposit to a minimum of £6,000.00.
In addition to their Contract Deposit, the Buyer must pay an Administration Fee to the Auctioneer of 1.80% of the final agreed sale price including VAT, subject to a minimum of £2,400.00 including VAT for conducting the auction.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
Terms and conditions apply to the traditional auction method and you are required to check the Buyer Information Pack for any special terms and conditions associated with this lot.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Ground Floor ENTRANCE HALL: LOUNGE: Traditional style fireplace.
LIVING ROOM: Traditional style fireplace. KITCHEN: First Floor BEDROOM (1): BEDROOM (2): Outside GARDENS: Walled front garden. Enclosed yard with outside W.C. Directions Larne
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 The Roddens, Larne, BT40 1QX
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