Nos. 11A & 11B Eia Street, Belfast, BT14 6BT
Pinpoint Property are delighted to offer for sale this fantastic opportunity to acquire a period terrace property which has been converted into two self-contained apartments by the current owners. Both apartments are currently let out to long term tenants, guaranteeing the canny investor an immediate rental return in a long established and sought-after area with a host of local amenities, and easy access to Belfast City centre and all major road networks.
Apartment 1, 11a Eia Street, Belfast, BT14 6BT - Accommodation briefly comprises; Good sized lounge, kitchen with range of high and low level units and built-in appliances, double bedroom, bathroom with white suite and separate w/c. Other benefits include PVC double glazed windows, Gas heating, damp proof course, extensive insulation, and access to a rear yard via the kitchen. Apartment 1 is currently rented at £450 pcm.
Apartment 2, 11b Eia Street, Belfast, BT14 6BT - Accommodation over first & second floors briefly comprising good sized lounge with wood laminate flooring, modern kitchen with range of high and low level units and built in appliances, 3 double bedrooms and a spacious family bathroom with bath & separate shower - ideal accommodation for the HMO investor. Further benefits include PVC Mahogany double glazed windows, gas heating and access to rear stairs via the first floor. Apartment 2 is currently rented at £525.00 pcm.
This superb property offers an approximate combined yield of 7.8% with obvious potential for growth subject to relevant rent reviews. The individual rateable values / addresses offer flexibility, and this combined with the potential for growth less than a mile to the new University makes Number 11 Eia Street an unmissable opportunity for the canny investor ¿ early viewing is therefore recommended.
- Fantastic investment opportunity 5 mins from new University
- Currently producing £ 975 pcm, approx 7.8% yield
- Double glazing,recent gas heating, wiring, smoke alarms, dpc
- High standards of insulation & energy efficiency
- Individual addresses offer flexibility to the canny investor
- Excellent investment - obvious potential for future growth
Communal entrance hall
Metre boxes, fire alarm
Flat 1, 11 Eia Street
Bedroom 1 - 4.04m (13'3) into bay x 3.35m (11')
Lounge - 3.25m (10'8) x 3.23m (10'7)
Kitchen - 3.71m (12'2) x 2.44m (8')
Excellent range of contemporary high and low level units,l single drainer steel sink unit with mixer taps, formica work tops, built-in under oven and hob, plumbed washing machine, stainless steel extractor canopy, partial wall tiling, ceramic tiled floor, fire door to rear yard
Rear lobby to White suite comprising panelled bath, pedestal wash hand basin, partially tiled walls, ceramic tiled floor
Separate wc - Low flush wc
Flat 2, 11 Eia Street
Entrance hall - access to fire escape
Spacious family bathroom with panelled bath, separate shower, low flush wc, pedestal wash hand basin, partially tiled walls, ceramic tiled floor
Kitchen - m (') x 3.43m (11'3)
Excellent range of contemporary high and low level units,l single drainer steel sink unit with mixer taps, formica work tops, built-in under oven and hob, plumbed washing machine, stainless steel extractor canopy, partial wall tiling, ceramic tiled floor
Lounge - 5.03m (16'6) x 3.43m (11'3)
Good sized lounge with wood laminate flooring
Bedroom 1 - 2.74m (9') x 2.21m (7'3)
Bedroom 2 - 3.28m (10'9) x 2.9m (9'6)
Bedroom 3 - 4.8m (15'9) x 3.38m (11'1)
Wood laminate flooring
Flat 1 EPC 67/69 - 68/70
Flat 2 EPC 68/70 - 64/67
Please note that PINPOINT have not tested the services or systems in this property. Purchasers should make/commission their own inspections as required including all HMO/planning/building control requirements prior to purchase - all yields quoted are as guide only.
* Click boxes to display surrounding locations
- Property Value
- Loan Amount
- Int. Rate
- Term (Yrs)
Disclaimer: The following calculations act as a guide only, and are based on a typical repayment mortgage model. Financial decisions should not be made based on these calculations and accuracy is not guaranteed. Always seek professional advice before making any financial decisions.