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Dunluce Avenue, Belfast BT9

£179,950

Friday 12th April, 2019

Belfast

Contact name: Kingston Berkeley

Contact number: 028 9453 0964

 

Key Information

 

Description

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 extr

 

Ad Ref: 145742019041228

 

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