2-bedroom terraced house · BT7 3ED
To rentListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Newly Refurbished Two Bedroom Terrace House In Popular Location Immaculate Presentation Throughout Beautifully Tiled Entrance Hallway Stunning Through Lounge/Dining Room With Cast Iron Feature Fireplace Sleek New Fitted Kitchen Stylish White 3 Piece Bathroom With Bath And Shower Over Bright Principle Double Bedroom With Fitted Robes Second Smaller Cosy Double Bedroom Double Glazing Throughout Gas Central Heating Small Enclosed Rear Yard Well Located Within A short Stroll To Amenities Of The Ormeau Road This delightful two bedroom mid terrace property enjoys a highly desirable location just off the ever popular Ormeau Road.
There is high demand for this location due to the variety of local shops, cafes, bars, restaurants on offer added to excellent schools to choose from and nearby parks to enjoy.
The city centre is within walking distance however there are a multitude of bus and transport links. The property is well presented and has a deceptively spacious feel.
The property comprises of an entrance hallway, a bright through lounge/dining room and modern fitted kitchen.
To the first floor there are two double bedrooms, spacious landing area and a bathroom with 3 piece white suit. The property benefits from gas central heating, double glazing and small rear yard.
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
Short-let licence or registration needed
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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 118 Walmer Street, Belfast, BT7 3ED
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