Table of Contents
- Auction Properties In Bangor NI
- Property Prices In Bangor NI
- Where Should You Look For Auction Properties In Bangor NI?
- What Type Of Auction Property In Bangor N.I Is Available?
- Five Good Reasons To Buy Auction Properties In Bangor NI
- Conclusion About Buying Auction Properties In Bangor NI
Auction Properties In Bangor NI
Buying Auction Properties In Bangor NI
A seaside resort with a marina, beautiful historical buildings and reasonably priced houses is a good place to start when viewing auction properties in Bangor NI. Previously prospering as an important port as well as welcoming many tourists, Bangor is now popular for residents who want an easy commute into Belfast. There is a good variety of houses, flats and bungalows with auction properties in Bangor being sold at affordable prices.
Property Prices In Bangor NI
In Northern Ireland the average price of a house was £141,463 in June 2020. This represented an annual change of 3.8%. Prices stand a little higher in Bangor where the average price in July 2020 was £180,090. Flats sold for an average of £131,858 and terraced houses were averaging £151,943. You can expect to see a detached house in Bangor with a price of around £200,000. These figures are not indicative of auction properties which will usually be lower and will vary between areas and the types of houses.
Property resources for Bangor NI
Council tax rates in Bangor, Northern Ireland
Visit Bangor in Northern Ireland – General information about Bangor
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Where Should You Look For Auction Properties In Bangor NI?
The centre of Bangor has many different auction properties available. However, there are also some smaller towns and villages outside of the town where you can find a further selection of properties. If you are looking for a quiet area to buy then you may want to consider some of the places listed below.
The small town of Donaghadee is situated 18 miles to the east of Belfast and just 6 miles south-east of Bangor. The large stone quay in the harbour has a lighthouse and there is a historic moat which encloses a park with a view across to Copeland Islands. There are several pubs and restaurants including the King’s Arms which is one of the oldest bars in Ireland. The guide price for a 2-bedroom terrace cottage starts at around £90,000.
Two miles north-east of Bangor and sitting on the shores of Belfast Lough is Groomsport, a village with a population of around 3,000. Originally a small fishing village, Groomsport now has a thriving community of water sports enthusiasts and some new housing developments. Asking price for a modern 3-bedroom mid-terrace home is about £169,000. Older properties are available including some bungalows and flats. A 2-bedroom detached park home can be acquired for around £100,000.
The small town of Holywood is also on the shores of Belfast Lough and has a major retail park as well as being close to the airport. Known for its annual jazz and blues festival, Holywood is almost as famous for the Maypole Bar which has been open since 1857. The Belfast and County Down railway has services to the city and to Bangor town. Holywood has both old and newer properties with prices for a 2-bedroom mid-terrace starting at about £100,000.
Helen’s Bay (BT19)
The small village of Helen’s Bay has approximately 1,300 residents and is situated on the Belfast to Bangor rail route. Due to the proximity of the local golf course and the development of tourism, property prices are a little higher than some other parts of Bangor. Many modernised apartments are found in older houses. A 2-bed townhouse is priced at around £155,000 and a 3-bedroom detached house will be priced at around £250,000.
Conlig is a small village in between Bangor and Newtownards. Much of the area is a designated country park and some development has taken place. A modern 2-bedroom apartment is priced at around £110,000 and a 3-bedroom detached villa will cost about £180,000. There is a direct bus to Bangor from Conlig which is just 3.7 kilometres away.
What Type Of Auction Property In Bangor N.I Is Available?
Bangor has many types of properties so you can find commercial premises, residential houses and apartments that are suitable as buy-to-let investments.
Buy-To-Let Auction Properties In Bangor NI
Purchasing a buy-to-let auction property in Bangor can be a good way to invest your money. A large 3-bedroom semi-detached villa can be purchased for around £150,000. Students attending Bangor university are always looking for rentals and this could bring in an income of around £525 per month. Larger buy-to-let auction properties such as a 4-bedroom terrace can be rented out for £800 per month.
Commercial Properties For Auction In Bangor NI
There is a lot of scope for commercial auction properties in Bangor. Redevelopment has increased footfall from shoppers so a retail establishment could prove to be an excellent investment. The range of commercial properties is wide with businesses like cafes, laundries and beauty parlours all available. If you are considering a commercial auction property in Bangor, make sure that it is permissable to change the type of business before you bid.
Residential Auction Property In Bangor NI
Buying residential auction property in Bangor is a chance to get on the property ladder at lower costs than those paid through an estate agent. The types of residential property available in Bangor include semi-detached houses, old and modern apartments and pretty cottages on the outskirts of the town. The easy commute to Belfast and to the airport makes Bangor an excellent location to buy.
Five Good Reasons To Buy Auction Properties In Bangor NI
1. Beautiful Coastal Location
The location of Bangor is ideal for anyone wishing to buy auction properties. Situated on the east coast of Northern Ireland, it is a town that was largely built up in the Victorian era. Bangor has now become a popular place of residence for people who want access to Belfast Airport (20 minutes drive) and an easy commute (30 minutes drive) to the city.
2. Affordable Properties
Although sea view properties are the most sought after you can find affordable homes in Bangor in the centre of the town. Terraced houses and some flat conversions are available at modest prices. Affordable modern homes for first time buyers or families can be found in the far west and east of the town.
3. Bangor Has Good Transport Links
Getting around is easy from Bangor. There are two stations with services to Portadown via Belfast, to Lisburn and to Balmoral. The A2 via the West Circular Road is the main road route to the city and it only takes 30 minutes. The city airport is just 20 miles away and there are both International and European flights.
4. Bangor Town Regeneration
Regeneration in the town centre and around the marina area has made Bangor a good prospect for investors and for people who are looking for somewhere to live. The approval by the council to transform the area around Queen’s Parade with houses, a waterfront plaza, shops and cafes has made the town a very attractive place to buy auction properties.
5. Hub For Shopping And Leisure
In addition to being a favourite destination for tourists, Bangor is attracting many visitors who are looking for city living without the higher prices attached to living in Belfast. The attraction of a large shopping centre with high street names and independents plus traditional Irish restaurants is one that is hard to resist. Nearby golf courses and the Marina add to the appeal of Bangor.
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Auction Properties in Northern Ireland
Conclusion About Buying Auction Properties In Bangor NI
Redevelopment in the centre of Bangor and the availability of auction properties in the surrounding areas makes the town an exciting and attractive choice for investors. Prices for properties can be lower in outlying areas with places like Groomsport and Donaghadee offering better prospects if your finances are limited.
If you are looking for auction properties in Bangor NI but you have limited budget, try and stay back from the Marina and many properties in this area tend to exceed the normal house prices for the Bangor area. Looking toward the edge of the city will give you more value for money and there are two bedroom flats and semi-detached houses which often come up at property auctions which sell as reasonable prices.
Buying a property near the edge of town will also mean you are closer to most schools and sporting facilities. Our advice is to attend a property auction in Bangor without bidding as this will help you determine the actual sales prices of local property as opposed to the guide prices.