6-bedroom detached house · BT38 8RQ
Listing removedListed 92 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Substantial Detached Dwelling Commercial & Residential Potential In Need Of Renovation Parking Front & Rear Close To Local Amenities Ideal Investment Opportunity Occupying a prominent position within a highly desirable and sought after residential location, this substantial detached property presents a rare opportunity for investors and developers alike.
For sale by Reeds Rains Estate Agents & Letting Agents 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.
FULL PROPERTY DESCRIPTION Below full description and at the bottom of the advert, please include the below text also. 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.
Description Occupying a prominent position within a highly desirable and sought after residential location, this substantial detached property presents a rare opportunity for investors and developers alike.
Originally configured as a shop with attached residential accommodation, the property offers generous accommodation throughout and is priced to allow for modernisation, refurbishment or redevelopment, subject to the necessary approvals.
Benefiting from parking to both the front and rear, the property enjoys excellent accessibility and convenience.
Its prime location places it within walking distance of a well regarded primary school, local amenities and the train station, making it an attractive proposition for a variety of future uses.
Offering significant scope to add value, this unique property will appeal to investors seeking a refurbishment project, developers exploring conversion potential, or buyers looking to create a substantial family home in a convenient and established setting.
Shop Area Originally a local convenience store. Substantial ground floor area with separate kitchen. See the floorplan for measurements.
Adjoining Premises Three story property in need of renovation and modernisation. The accommodation offers Entrance Porch Entrance Hall Stairs to first floor.
Lounge 4.83m x 4.52m (15'10" x 14'10") Kitchen 4.37m x 2.84m (14'4" x 9'4") Range of fitted high and low level units.
Bedroom 1 3.9m x 3.2m (12'10" x 10'6") Bedroom 2 3.73m x 3.18m (12'3" x 10'5") Bathroom Bath, sink and WC.
Second Floor Landing Bedroom 3 4.34m x 4.11m (14'3" x 13'6") Bedroom 4 4.5m x 3.6m (14'9" x 11'10") Bedroom 5 3.73m x 3.18m (12'3" x 10'5") Bedroom 6 3.9m x 3m (12'10" x 9'10") Bathroom Bath, sink unit and WC.
Parking Areas Parking area to the front and rear of the dwelling.
Iam Sold For sale by Reeds Rains Estate Agents & Letting Agents 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.
FULL PROPERTY DESCRIPTION Below full description and at the bottom of the advert, please include the below text also. 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.
Occupying a prominent position within a highly desirable and sought after residential location, this substantial detached property presents a rare opportunity for investors and developers alike.
Originally configured as a shop with attached residential accommodation, the property offers generous accommodation throughout and is priced to allow for modernisation, refurbishment or redevelopment, subject to the necessary approvals.
Benefiting from parking to both the front and rear, the property enjoys excellent accessibility and convenience.
Its prime location places it within walking distance of a well regarded primary school, local amenities and the train station, making it an attractive proposition for a variety of future uses.
Offering significant scope to add value, this unique property will appeal to investors seeking a refurbishment project, developers exploring conversion potential, or buyers looking to create a substantial family home in a convenient and established setting.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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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 25-27 Upper Station Road, Greenisland, Carrickfergus, BT38 8RQ
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