3-bedroom flat · BT55 7TE
Sold STCListed 105 days
Opportunity summary
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About
*Gas Fired Central Heating *PVC Double Glazed Windows *Popular Student Rental Area *Priced Within The Co-Ownership Limit A spacious first floor three bedroom apartment extending to approximately 839 square feet of living space and located in the ever popular development of Montague Court.
Constructed circa 2006 by well known contractors, O’Kane & Devine, the property and development have been finished to their usual and exacting standard.
This particular property is an excellent investment opportunity for those seeking a first time buyer home, holiday home or indeed to rent out.
The selling agent strongly recommends early internal inspection. GROUND FLOOR: Communal Entrance Hall: With tiled floor and steps leading to all floors.
SECOND FLOOR: Entrance Hall: 5’6 wide with cupboard housing gas boiler, access to roof space and laminate wood floor.
Open Plan Lounge/Kitchen/Dining Area: 20'10" x 17'5" Kitchen: With bowl and half single drainer stainless steel sink unit, high and low level built in units with tiling between, integrated ceramic hob, eye level oven, stainless steel extractor fan, integrated fridge freezer, breakfast bar, plumbed for automatic washing machine, recessed lighting and tiled floor.
Lounge/Dining Area: With laminate wood floor and PVC French doors leading to small balcony. Bedroom 1: 13'11" x 9'11" With laminate wood floor and ‘Velux’ window.
Ensuite: Off with w.c., wash hand basin with storage below, PVC cladding, walk in shower cubicle with mains shower, extractor fan and tiled floor.
Bedroom 2: With laminate wood floor, ‘Velux window.
Bedroom 3: 9'11" x 7'0" Bathroom: With white suite comprising w.c., wash hand basin with tiled splashback, telephone hand shower over bath, tiled around bath, recessed lighting, extractor fan and tiled floor.
EXTERIOR FEATURES: Car parking to side of building and communal garden area to rear.
MANAGEMENT COMPANY: Please note that all purchasers will become Shareholders in a Management Company formed to provide buildings insurance and maintain communal areas.
Details of the annual Service Charge and full management services are available on request.
Current Service Charge is £1152.00 (30.04.26) Domestic pets are permitted providing said pets do not cause a nuisance and are kept under proper control at all times. Long term lets permitted.
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 39 Montague Court, Portstewart, BT55 7TE
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