Price Offers around £134,950
Rates £877.22 pa*
Stamp Duty Calculate Stamp Duty
£0** (Based on being a First Time Buyer) Change
£199** (Based on being a Home Mover) Change
£4,247.50** (Based on being a Buy-To-Let Investor) Change
£4,247.50** (Based on being a Second Home Buyer) Change
Typical Mortgage
() deposit ( year term)
Style 2nd Floor Apartment
Bedrooms 2
Receptions 1
Bathrooms 1
Heating Economy 7
EPC Rating C75/C77
Status For sale
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Additional Information

Features

  • Modern Riverside Apartment
  • Views Over River Lagan & Belfast City
  • 2 Bedrooms/1 Reception
  • Double Glazing
  • E7H Central Heating (Gas Available)
  • Living Room with Balcony
  • Intercom Access System
  • Double Length Garage
  • Close to Ormeau Park
  • Potential for Price Appreciation Following Proposed New Foot Bridge to City Centre
  • Rental Potential iro £8,000 gpa
  • Short Term Rental Potential Estimated iro £20,000 gpa
  • Priced to Allow for Some Improvements

Additional Information

It's all about the views ! There are only a handful of riverside properties in Belfast and this modern second floor apartment enjoys views over the River Lagan, Belfast City and Black Mountain. From the balcony the iconic Samson & Goliath H&W cranes are also in sight. The property boasts a living/dining room with patio doors to balcony, kitchen, bathroom and two bedrooms. Very unusually for an apartment, this property has the added advantage of a double length garage. The new owner may wish to renew the kitchen (which could be made open plan to the living/dining room*). We understand that gas is available in this development and we have priced this property competitively to allow for these improvements. We believe that the new proposed foot bridge to the gas works, sited close to this apartment will be exceptionally beneficial as it will make the property within a short walking distance of the city centre. In turn this may well result in price appreciation. See: https://www.belfastlive.co.uk/news/belfast-news/lagan-regeneration-plans-take-big-13362670  . Rental demand is very strong in this location for both long term and short term lets. We estimate that following improvements, the property should obtain iro £8,000 gross pa rent. There is also a market for short term rentals in Belfast which tend to be more lucrative. Based on our experience managing "AirBnBs" we estimate that around £20,000 gross pa is obtainable - for a full explanation of this please get in touch. Ormeau Park is just accross the road from this apartment, ideal to walk through to the many cafes and coffee houses on the Ormeau Road, and of course just for stretching legs!

ACCOMMODATION COMPRISES

Communal

Steps to communal entrance with intercom access system. Communal hall, stairs and lift.

Apartment (Second Floor)

Entrance Hall: Laminated flooring, walk in cloakroom, hot press with hot and cold water tanks, electrical space heater.

Living/Dining Room:  5.35m (17'7") x 3.15m (10' 4") Laminate flooring. Sliding patio door to covered and decked balcony with metal/glass barrier. Electrical space heater.

Kitchen: 3.59m (11' 9") x 2.45m (8' 0") Range of built in units, sink unit, worktops, cooker space, plumbed for washing machine/dishwasher, part tiled walls, breakfast bar. * Note this could possibly be made open plan to the living room subject to building controls. 

Bedroom 1: 3.53m (11' 7") x 3.26m (10' 8") to include built in robes (available room width with robes is 2.1m). Laminate flooring, space heater.

Bedroom 2: 2.55m (8' 4") x 2.25m (7' 5"). Built in double robe, space heater.

Bathroom: White suite comprising panelled "P shaped" bath/shower with electric shower over and screen, wash hand basin, wc, extractor fan, heater, partly tiled walls, tiled floor.

Outside

Garage: 10m (32' 10") x 2.83m (9' 3"), up and over door, concrete floor, light and power, ventilation. Communal parking outside, communal gardens.

IMPORTANT INFO about this description, sizes, viewings and data protection is at:

https://www.keyoneproperty.co.uk/rent/viewings-and-applications/

Directions

Ravenhill Reach is off Ormeau Embankment. From Ravenhill Road it is on the right hand side.

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