2-bedroom flat · BT2 8HB
To rentReduced £100 (−7.7%) on 10 OctListed 49 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This excellent second floor apartment is situated in the ever popular Lucas Buildings.
The apartment has glorious high ceilings and is located in the City centre within close proximity to many amenities including shops, restaurants, bars and cafes.
The accommodation comprises of open plan living / dining room to a modern fitted kitchen, two well-proportioned bedrooms (master bedroom with en suite shower room) and bathroom with recently fitted white suite.
Additionally, the property benefits from having gas heating, uPVC double glazed windows and Juliette balcony.
•First Floor Apartment in Prestigious City Centre Development •Large Open Plan Living Room with Dining Area •Modern Fitted Kitchen with Range of Units •Two Well Proportioned Bedrooms (Master with En Suite Shower Room) •Gas Heating / uPVC Double Glazed Windows
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 203 Lucas Building, Ormeau Avenue, Belfast, BT2 8HB
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