2-bedroom property · BT24 8PW
To rentListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
AVAILABLE IMMEDIATELY Features: ~ Modern Refurbished Two Bedroom Conversion located in the much sought after village of Spa ~ On the Edge of Montalto Estate and the Mourne Coastal Route ~ Within Easy Travelling Distance To Ballynahinch and Lisburn ~ Well Appointed Living Space With Plenty Of Natural Light ~ Large Kitchen With Full Range Of Appliances ~ Large Downstairs Double Bedroom ~ Spacious Loft Conversion Double Bedroom ~ Large Modern Shower Room ~ Fantastic private Garden to the Rear Description: Let2day is delighted to introduce this excellent two bedroom home located in a highly sought after residential Spa village, Ballynahinch.
With both Lisburn and Belfast easily accessable, this is an outstanding opportunity for young professionals, couples or families alike to secure an excellent property in the country.
The property itself offers excellent, well appointed and bright accommodation throughout including a large kitchen and dining area through to a cosy living area. The ground fllor also boosts a large double bedroom and a modern shower room.
The enclosed rear garden is perfect for summer entertaining. On the first floor the loft has been converted into a large double bedroom.
The property benefits from oil fired central heating and uPVC double glazing throughout.
Properties in this area rarely come to the rental market and we therefore anticipate interest to be especially high. Contact Let2day to arrange a private viewing at your earliest convenience.
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 74 Grove Road, Spa, Ballynahinch, BT24 8PW
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