2-bedroom flat · BT12 5FX
Let agreedListed 56 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SHORT TERM LETTING AVAILABLE On Site Gym (included in rent). Secure car parking space.
An excellent two-bedroom apartment available to rent in a highly convenient location on Wellwood Street, Belfast, just minutes from Belfast City Centre and within easy walking distance of the city's main transport links, including the Grand Central Station transport hub.
The accommodation comprises two generous double bedrooms, the master bedroom with a newly renovated en-suite shower room.
The modern open-plan kitchen and living area opens on to a small private balcony overlooking the communal garden area.
Further benefits include a contemporary family bathroom, gas-fired central heating, double glazing throughout, and a secure allocated parking space.
Residents also enjoy access to an on-site gym facility. Short term let also considered.
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
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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 89 Victoria Place, Wellwood Street, Belfast, BT12 5FX
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