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Key Information

Address 137 Dunluce Avenue, Lisburn Road, Belfast South, Belfast
Style Terrace house
Status For sale
Price Guide price £179,950
Bedrooms 6
Bathrooms 2
Receptions 1
Heating Gas
EPC Rating C73/C77 (co2: C69/C74)

Property Features

  • Extended mid terraced property with traditional red brick facade
  • HMO Registered and compliant for 6 persons
  • Large lounge open to fitted kitchen
  • Serviced with gas fired central heating
  • Two shower rooms and two separate WC rooms
  • Six double bedrooms, each with pedestal wash hand basin
  • Continuously popular area with students and young professionals
  • Within close proximity to Belfast City Hospital, MBC, Queens University
  • Currently LET until August 2019 at a rate of £1,260 per month/£15,120 per annum
  • Potential to increase without any works to £1,320 per month or £1,500/£1,800 with cosmetic upgrades
  • Excellent investment opportunity offering an attractive Gross yield of 8.4% with potential to increase
  • Early inspection is highly advised

Additional Information

Overview

Kingston Berkeley welcome to the open market this extended six double bedroom HMO registered property. Dunluce Avenue has been and remains one of the most popular streets off the Lisburn Road for students and young professionals and therefore properties in this area enjoy high rental demand. Dunluce Avenue is well situated next to Belfast City Hospital, MBC, Queens University and offers an abundance of local amenities within minutes’ walk.

The Property

This three-storey mid terraced property retains its original red brick facade, it benefits from a generous double story extension to the rear and offers a well-proportioned lounge and kitchen. Two full shower rooms and two separate WC rooms are found on the first floor, while six double bedrooms are spread over all three floors. The property benefits from double glazed PVCu windows throughout and is serviced with gas fired central heating.

The Investment

The property is currently tenanted until end August 2019 at a rate of £1,260 per calendar month (£210 per room), this reflects a Gross Yield of 8.40%. We feel that the rental rate could be increased to £1,320 (£220 per room) for the 2019 to 2020 year without any works required, this would reflect a Gross Yield of 8.80%. There is the potential to increase the rental rate should there be some cosmetic upgrades as properties finished to a high standard in this area can let in the region of £250-£300 per room.

 

Accommodation

Ground Floor

Solid hard wood front door leading to;

Entrance Hall: (4.44m x 1.005m) Tiled floor, alarm panel, fire panel, carpeted stairs to first floor.

Bedroom 1: (3.907m x 2.798m) Bay window, double sided radiator, laminate flooring, pedestal wash hand basin with tiled splashback.

Lounge: (3.487m x 2.985m) Laminate flooring, PVC window, double sided radiator. Open to kitchen.

Kitchen: (5.699m x 2.457m) Tiled floor, twin sinks, two free standing cooker, range of high and low level fitted units, gas boiler.

First Floor

WC Room 1: (1.566m x 1.177m) Tiled floor, pedestal wash hand basin with tiled splashback, single sided radiator, low flush WC. Electric extractor fan.

Shower Room 1: (1.559m x 0.801m) Tiled floor, single sided radiator, skylight, enclosed shower with glass door, PVC panelled surround, fitted with both mains supplied and gas shower. Electric extractor fan.

WC Room 2: (1.566m x 1.021m) Tiled floor, low flush WC, single sided radiator, pedestal wash hand basin with tiled splash-back, electric extractor fan.

Bedroom 2: (2.793m x 2.467m) Laminate flooring, double sided radiator, pedestal wash hand basin with tiled splashback.

Bedroom 3: (2.793m x 2.467m) Laminate flooring, double sided radiator, pedestal wash hand basin.

Bedroom 4: (3.503m x 2.394m) Laminate flooring, double sided radiator, pedestal wash hand basin.

Shower Room 2: (2.152m x 0.821m) Tiled floor, low flush WC, single sided radiator, pedestal wash hand basin with tiled splash-back, electric extractor fan.

Second Floor

Bedroom 5: (3.667m x 2.350m) Laminate flooring, double sided radiator, pedestal wash hand basin, dormer window.

Bedroom 6: (2.929m x 3.916) Laminate flooring, double sided radiator, pedestal wash hand basin, dormer window.

 

For further information or to arrange a viewing please contact a member of our County Antrim Sales Team today on 028 96 931 931.

 

Need Finance?

For some Free mortgage advice and to get pre-approved for a mortgage, request your Free 15-minute telephone consultation today with an experienced mortgage broker by calling 028 96 931 931.

Something to Sell?

Kingston Berkeley offer a professional sales service throughout Northern Ireland. We would be delighted to complete an evaluation of your property. As award winning estate agents, we tailor marketing packages to suit the needs of your property, to ensure the most effective marketing achieves you the best price. Contact a member of our valuations team for further information on 028 96 931 931.

Note: These particulars are given on the understanding that they will not be construed as part of a contract, conveyance or lease. Whilst every care is taken in compiling the information, we can offer no guarantee as to the accuracy thereof and enquirers must satisfy themselves regarding descriptions and measurements. © 2018 Kingston Berkeley All rights reserved.

 

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