2-bedroom flat · BT52 1EF
Listing removedListed 60 days
Opportunity summary
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About
First Floor Apartment (No Lift) 2 Bedrooms, 1 Reception Room Electric heating (Mains Gas available within this development) Wooden double glazed windows Communal car parking and bin storage area Within a few minutes walking distance from Coleraine town centre Ideal for retirement home or investor buyer Entrance Hall: with laminate flooring, storage heater, intercom door entry phone, cloaks cupboard, cupboard housing hot press and water tank, telephone point.
Lounge: 4.96m x 3.64m (16'3 x 11'11) plus bay window, with laminate flooring, storage heater, dimmer switch lighting, television and telephone points.
Kitchen: 2.62m x 2.58m (8'7 x 8'6) with eye and low level units, one and a half bowl sink unit, space for cooker and fridge / freezer, plumbed for washing machine, tiled between units.
Bedroom 1: 3.64m x 2.4m (11'11 x 7'10) with built in furniture, electric wall heater. Bedroom 2: 2.53m x 2.46m (8'4 x 8'1) with electric wall heater, telephone point.
Shower Room: Comprising PVC panelled shower cubicle with Redring electric shower fitting, wash hand basin, w.c., wall mounted fan heater.
MANAGEMENT COMPANY All purchasers will be shareholders in a MANAGEMENT COMPANY formed to maintain communal and open space areas.
MANAGEMENT FEE: The assessment for the year as at 17th August 2026: £1100.00 per annum. Tenure: Leasehold: 999 years from 5th March 1987. Ground Rent: £1.00 per annum.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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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
FAQ
About Apt 17, Gordonville, Lodge Road, Coleraine, BT52 1EF
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