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See how verdicts workProperty · BT42 1JJ
For saleListed 109 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Available in either one or two lots, this is an excellent opportunity for the small builder or developer to acquire two derelict cottages with adjacent building plot, in an area of natural beauty almost immediate to the Galgorm Golf Resort and Spa.
The first cottage, 116, has planning permission for a change of use from a store to holiday let self catering accommodation granted 15 Dec 22, with further planning permission for a rear extension granted 22 September 2025.
118 is attached to 116, and has planning permission for an extension, with footings poured and inspected within the requisite timescales.
With the option of being purchased with 116 and 118 or as a separate lot, there is an additional building site adjacent to 118.
The planning permission was granted back in 1990 and development commenced, the Mid and East Antrim Council providing correspondence in 2020 confirming the permissions are live.
Located between Galgorm and Cullybackey, the Fenaghy Road is a short drive from Ballymena town centre, and provides easy access to local schools and main commuter roads.
The proposed Footballing Centre of Excellence is expected to further increase the popularity and need for accommodation in the area. Please contact our office for further information.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
Set an offer; the calculator follows it.
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
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 Two Cottages And Building Site, 116 - 118 Fenaghy Road, Galgorm, Ballymena, BT42 1JJ
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