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Dear Barry
Area Profile: Upper Lisburn Road
27th October 2017
Area Profiles
Let’s call a spade a spade… this month I’m talking about the posh bit of the Lisburn Road! From ‘Upper’ Windsor Avenue, going past the police station, right up to Myrtlefield – there’s no denying that the Upper Lisburn Road is a desirable location to live.
And it has the price tags to match, so it’s obvious why the area makes sense for those with capital investment in mind.
But landlords shouldn’t discount this part of the city either. In my first ever Investment Focus article on the blog last year, I spoke about the benefits of renting out lower yield properties. If you invest in a suburban family home you’re more likely to be looking at high-quality, long-term tenants. Negotiating longer leases and therefore freeing yourself from the stress of void periods is more likely to be an option with properties like this.
Then there’s always the “I could retire here / my kids could live here” option with a nicer house in an area you’d be comfortable in.
Sitting as they do on the very edge of the more heavily-tenanted areas, and linking the Lisburn Road to the Malone Road, these are streets that straddles two worlds, making them interesting investment prospects.
Walking distance from shops and supermarkets, restaurants, bars and buses and trains; but is well and truly in ‘leafy avenue’ territory too. This best-of-both-worlds scenario makes them a really easy sell to a broad segment of the market.
In the heart of Lisburn Road’s high-end boutiques and bars and right beside a leafy suburban park, this is a prestigious address and no mistake. Properties tend to be detached and inch towards the half a million mark; often double the price of comparable houses just minutes down the road.
Yet you’re still walking distance to conveniences, as well as handy to public transport links. This is one for the long-term investors looking for big capital gains and possibly an uber-comfy retirement pad close to the buzz of city life.
Right at the very end of the Lisburn Road, this is real leafy suburbia. Not as many city-life creature comforts on your doorstep, but still a very commutable location for young professionals. That’s why smart money at this end of the road will keep an eye on the big and beautiful Victorian and Edwardian townhouses in this neck of the woods. Take the time and money to turn these into high-end apartments and you could have a very nice earner indeed.
This beautiful detached house is in need of little modernisation, so you could really add some value; or give it a lick of paint, clean the carpets and rent it out.
Lovely example of the type of character property you can get in this area. Doesn’t need a thing done to it, would rent to a nice family all day long… and yes, you can see yourself pottering around here quite happily in retirement, can’t you?!
A gorgeous, roomy apartment with gorgeous period features and a stone’s throw away from bus links and the train station. This wouldn’t hang around long on the rental market.
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