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 work2-bedroom house · BT20 3BY
Listing removedReduced £10k (−10%) on 22 JulListed 236 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***attention investors*** This terraced property is located close to Bangor City Centre and it's train and bus stations making it an ideal commuter base for Belfast or beyond.
The property will require modernisation and updating.
It offers 2 first floor bedrooms and a shower room, plus access to a floored attic/store room, an open plan lounge/diner and a kitchen to the rear.
It benefits from uPVC double glazing and Phoenix gas central heating. To the rear is an enclosed yard with access for bins etc. Beyond.
In keeping with the need for renovation, the property is currently subject to an abatement notice in relation to damp levels in the kitchen which will need to be addressed to the satisfaction of the local council department before the property can be let or mortgaged.
The property has been priced accordingly and interest from cash buyers with previous experience of property renovation is especially welcome. Entrance UPVC double glazed door to porch.
Porch (1.02mx0.94m (3'4x3'1)) Wood effect laminate flooring. Glazed door to entrance hall. Entrance Hall Wood effect laminate flooring. Stairs to first floor landing.
Feature Glass brick element to lounge. Lounge/Diner (5.49mx3.15m (18x10'4)) At widest points. Wood effect laminate flooring. Feature glass brick detail to hallway.
Kitchen (3.15mx1.88m (10'4x6'2)) Range of high and low level units with granite effect worktops. Stainless steel sink. Extractor hood. Wood effect laminate flooring. Part tiled walls.
Under stairs storage cupboard. UPVC double glazed door to rear yard. Landing Spindle banister. Access to floored attic room with velux window.
Bathroom (2.39mx1.88m (7'10x6'2)) White WC & wash hand basin. Tiled shower cubicle with electric shower. Hot press with gas boiler.
Bedroom 1 (4.04mx2.54m (13'3x8'4)) Bedroom 2 (3.02mx2.46m (9'11x8'1)) Outside Enclosed yard to rear with access for bins etc. Two brick sheds.
Buyers Note Please note that the property is currently subject to an abatement notice from the council relating to dampness in the rear wall of the kitchen.
This will need to be addressed to the satisfaction of the council before the property can be mortgaged or let.
Tenure Property Misdescriptions Every effort has been made to ensure the accuracy of the details and descriptions provided within the brochure and other adverts (in compliance with the Consumer Protection from Unfair Trading Regulations 2008) however, please note that, John Grant Limited have not tested any appliances, central heating systems (or any other systems).
Any prospective purchasers should ensure that they are satisfied as to the state of such systems or arrange to conduct their own investigations.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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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
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FAQ
About 11, Railwayview Street, Bangor
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