We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work4-bedroom terraced house · BT34 5LU
For saleListed 101 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale by Shooter Property Services via the iamsold Bidding Platform Please note this property will be offered by online auction (unless sold prior).
For auction date and time please visit iamsoldni.com. Vendors may decide to accept pre-auction bids so please register your interest with us to avoid disappointment.
This spacious end terrace property is situated a few steps away from the centre of Rathfriland, hence providing easy access to all local amenities.
The accommodation has been well maintained and provides adaptable space to suit to most living requirements or to those that require it, the possible reinstatement of a small retail unit on the ground floor (subject to necessary statutory approvals).
Within easy commuting distance of major hubs including Banbridge, Newry and Newcastle, we highly recommend internal inspection for full appreciation.
Features PVC Double Glazing Oil Fired Central Heating 4 Bedroom / 2 Receptions Well Presented Throughout Feature Walled Garden Town Centre Location Potential To Reinstate Small Retail Unit (Subject To Statutory Approvals) EPC Rating F21 Entrance Porch PVC double glazed front door, tiled floor.
glazed inner door to… Lounge 19' 4'' x 13' 8'' (5.89m x 4.16m) Feature cast iron fireplace with tiled inset and Edwardian surround, coved ceiling, double radiator.
Kitchen / Dining 20' 0'' x 9' 0'' (6.09m x 2.74m) (Max) Range of high and low level units with breakfast bar and single drainer stainless steel sink unit, cooker space, fridge/freezer space, plumbed for automatic washing machine, part tiled walls, double radiator.
Utility Room 11' 1'' x 10' 0'' (3.38m x 3.05m) Plumbed for sink unit, PVC double glazed door to side, recessed ceiling spots, double radiator.
Study 13' 3'' x 10' 10'' (4.04m x 3.30m) Recessed ceiling spots. WC 6' 5'' x 2' 9'' (1.95m x 0.84m) With low flush WC, pedestal wash hand basin, recessed ceiling spots.
Upper Landing Walk-in hotpress with light, 1 radiator.
Bedroom 1 / Reception 14' 9'' x 13' 9'' (4.49m x 4.19m) Feature cast iron fireplace with tile inset, hearth and Edwardian surround, coved ceiling and centre piece, double radiator.
Bedroom 2 13' 1'' x 8' 3'' (3.98m x 2.51m) Feature cast iron fireplace, 1 radiator. Bedroom 3 14' 5'' x 11' 7'' (4.39m x 3.53m) (Max) 1 radiator.
Leading to… Bedroom 4 11' 10'' x 11' 6'' (3.60m x 3.50m) (Max) 1 radiator.
Bathroom 8' 3'' x 6' 7'' (2.51m x 2.01m) Comprising low flush WC, pedestal wash hand basin, panel bath and corner shower cubicle with electric shower unit, double glazed Velux window, part tiled walls.
Basement Staircase to basement with light, oil fired boiler, access to rear. Outside Feature walled garden well stocked with maturing shrubs and trees, oil tank.
TO VIEW OR MAKE A BID Contact Shooter Property Services or iamsold, Auctioneers Comments: This property is for sale under Traditional Auction terms.
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
With this auction method, the buyer and seller must Exchange immediately, and Complete 28 days thereafter.
The buyer is required to make payment of a non-refundable Contract Deposit of 10% to a minimum of £6,000.00.
The buyer is also required to make a payment of a non-refundable, Buyer Administration Fee of 1.80% of the purchase price including VAT, subject to a minimum of £2,400.00 including VAT, for conducting the auction.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
Terms and conditions apply to the traditional auction method and you are required to check the Buyer Information Pack for any special terms and conditions associated with this lot.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you.
Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted.
Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Dromore Street, Newry, Armagh.
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