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See how verdicts work2-bedroom bungalow · BT22 2HR
For saleListed 35 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set in the popular coastal village of Millisle just minutes from the shore, this two-bedroom cottage offers an exciting opportunity for someone looking for both residential accommodation and a substantial commercial element.
The site comprising of both a two-bedroom property together with a large adjoining commercial premises, formerly operated as an amusement arcade and while the commercial area would now benefit from some refurbishment, its size, layout and prominent position offer plenty of scope for someone with vision to create something quite different.
The two-bedroom cottage offers accommodation comprising of, entrance porch, a generous open-plan lounge with open fireplace and dining area, kitchen, two bedrooms and bathroom.
The residential element could lend itself particularly well to someone looking for a home with additional workspace, or potentially as a holiday or short-term letting opportunity, subject to any necessary consents.
To the side is the extensive commercial premises, which has access from both the main road and the rear is arranged in a number of separate sections.
The existing layout provides an interesting blank canvas and could potentially lend itself to a variety of uses, from an antiques or furniture business to offices, retail, a garage, workshop, storage or other commercial purposes, subject to any necessary planning and statutory approvals.
The combination of residential accommodation, substantial commercial space and a location close to the coast makes this a particularly interesting proposition for a buyer to unlock its potential and with imagination and vision there is considerable scope to create something genuinely individual.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
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 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
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FAQ
About 83-85 Main Road, Millisle
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