Table of Contents
- Auction Properties In Lisburn
- Auction Properties in Lisburn FAQ
- Where Should You Look For Auction Properties In Lisburn?
- What Type Of Auction Property Should You Look For In Lisburn?
- Five Reasons To Buy Auction Properties In Lisburn
- Conclusion About Buying Auction Properties In Lisburn
Auction Properties In Lisburn
Buying Auction Properties In Lisburn, Northern Ireland
Investment in property is becoming very popular and buying auction properties in Lisburn gives the chance of good rewards. Lisburn is close to the Norther Ireland capital and has a good mixture of different kinds of properties. Investors from all over the UK and the wider world are now looking at Lisburn as a good choice for expanding a profitable property portfolio. The range of prices for residential and commercial properties in the city means buying auction properties in Lisburn is very achievable.
Property Prices In Lisburn
House prices in Northern Ireland were relatively static in the last 12 months with the average price standing at £141,431. Flats were selling at an average of £126,536 and terraced houses sold for an average of £122,533. The latest statistics (July 2020) for Lisburn show a fall in prices of 4.67% for the last year. The average price for flats was £117,523 and for terraced houses the price was £121,989. The lower prices being asked for properties in Lisburn make this an attractive prospect for investors.
Auction Properties in Lisburn FAQ
How Can I Find Auction Properties In Lisburn?
Look for news of properties listed in forthcoming auctions. These will be shown online, in local newspapers and often in local advertisements. It's also worth contacting auction houses in the greater Northern Ireland area for more information about properties due for auction in Lisburn.
How Much Are Auction Properties In Lisburn?
Smaller auction properties in Lisburn like a 2-bedroom mid terraced house can cost as little as £80,000 and larger 4 bedroom houses can sell for as much as £350,000, depending on the location of the property. It is possible to pick up a repossession property at auction in Lisburn for 50% of the actual value but these sell very quickly. One bedroom flats can be bought at auction in Lisburn for around £55,000.
Which Areas Are Best To Find Auction Properties In Lisburn?
Auction properties in the city centre of Lisburn are available but cheaper priced properties are found situated in areas nearby. Places like Dromore and Moira offer lower prices with terraced houses coming out as the most economical buys.
Can I Buy Repossessed Properties At Auction In Lisburn?
Finding repossessed auction properties in Lisburn is a simple matter. Look at bank websites or available properties listed by national/local finance companies. Some specialist websites list repossessed auction properties and on occasion repossessed properties are sold at auction in Lisburn.
Where Should You Look For Auction Properties In Lisburn?
There are plenty of properties for sale in Lisburn and these include 3-bedroom semi-detached homes on residential estates as well as bungalows, terraced homes and flats. A little further outside of Lisburn you can find cheaper options that are closer to the countryside. Some of the recommended areas are listed below.
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There is a lot to recommend Dunmurry, a town that is overlooked by Colin Mountain and which lies next to the River Lagan. The local railway line runs to Belfast, Portadown, Bangor and Newry and there is an excellent metro service. Ulster Bus Services supply transport into Lisburn which is just 4.6 miles away. A 2-bedroom apartment in Dunmurry has a guide price of around £57,500.
The old market town of Dromore has a castle, an ancient earthworks and in the market square there is a set of old stocks. Translink Ulsterbus provides services into Lisburn and the A1/M1 motorway makes the journey just 12 minutes. Recent figures for the population show that nearly 25% of the residents are 16 years old or younger. Dromore has both old and modern properties. A 2-bedroom terraced house costs around £88,000. A modern 3-bedroom detached house on a new development is priced at about £198,000
A traditional market town, Ballynahinch is a 14 minute drive from the centre of Lisburn. The town has undergone some regeneration and has shops, a leisure centre and a Thursday market. Property prices in Ballynahinch are lower than the city. You can get a large 4-bedroom detached house for £250,000. Starting price for a 1-bedroom mid-terrace home can be as low as £50,000.
The train service from Moira to Lisburn is just 11 minutes and by road it takes 13 minutes using the A1/M1. Moira is a popular village for commuters who want to live a quieter life outside the city centre. Prices for properties in Moira are varied. You can get a 3-bedroom mid-terrace house for £95,000.
Upper Ballinderry (BT28)
Properties in Upper Ballinderry are most sought after. The small village is 10 miles north-west of Lisburn and has a population of just under 200 people. It is a drive of just 13 minutes from the village into Lisburn and the bus takes the same time making this an easy commute into the city. Houses for auction in Upper Ballinderry are quite scarce hence the slightly increased prices. However, you can still see a large 3-bedroom semi-detached house with a guide price of £130,000.
|NEW N.I STAMP DUTY HOLIDAY|
|The UK chancellor has announced a stamp duty holiday in order to boost property sales and the UK economy. This reduction in stamp duty applies to England and Northern Ireland from 8th of July 2020 to 31st of March 2021. The threshold where stamp duty will be applied has been risen from £125,000 to £500,000.|
What Type Of Auction Property Should You Look For In Lisburn?
Lisburn has commercial auction properties on industrial estates. Retail premises are available and you can also find office space. Residential properties including some that need renovation are also available.
Residential Auction Properties In Lisburn
Lisburn has a wide range of residential auction properties. Modern homes include a 4-bedroom detached house that is priced at £215,000 and a 2-bedroom apartment in a manor house with a starting price of £57,000. More expensive auction properties are listed with local auction houses.
Commercial Auction Properties In Lisburn
An industrial unit in Lisburn can cost upwards of £280,000 for a property measuring around 9,000 square feet. Depending on the location, a unit can be rented out for approximately £4 per square foot. Many of the industrial units are on business parks outside of the city centre. A retail unit covering 504 square feet will be priced around £95,000. Premises closer to the city centre will cost more.
Renovation Auction Properties In Lisburn
Lisburn has auction properties suitable for renovation and modernisation. Bungalows and terraced properties are the most plentiful. Expect to see a starting price of £110,000 for a 3-bedroom end of terrace house. A 2-bedroom bungalow will start at around £140,000. The demand for auction properties in Lisburn is quite high and this is reflected in the guide prices.
Five Reasons To Buy Auction Properties In Lisburn
1. Excellent Infrastructure In Lisburn
Whether you choose an auction property in the centre of Lisburn or find something in the suburbs, the excellent infrastructure means you can easily reach the capital. Rail services take between 10 and 30 minutes to Belfast and under one hour to Bangor. The M1 links up with the M2 and other major A roads which makes travelling to other parts of Northern Ireland a very easy trip.
2. Lisburn Has Lots Of Things To Do
There is a large list of things to do in Lisburn. The Linen Centre and Museum provides an historical backdrop to the city and Hillsborough Castle and the gardens are open to the public. Colin Glen Forest Park is good for adventure and riverside walks. The Island Arts Centre holds many exhibitions every year and there are nine golf courses surrounding Lisburn. Whatever you like to do you will find your expectations met this lovely city.
3. Lisburn Is A Top Property Investment Hotspot
As a desirable location to buy auction properties, Lisburn is hard to beat. The population is swelling and rising economic activity is causing Lisburn to become a property hotspot for investors. The many activities on offer in the city has made Lisburn an attractive option for families as has the excellent transport network.
4. A Good Quality Of Life In Lisburn
Lisburn is proving to be one of the Northern Ireland cities that tops the list for quality of life. Bordered by beautiful countryside and access to great shopping, the affordability of housing is also another reason why Lisburn is proving to be so attractive.
5. Lisburn Is A Growing City
The thriving city centre is just one of the reasons why Lisburn is growing. With many high street names in the shopping centre and a wealth of independent shops, restaurants and bars, Lisburn is considered by investors to be a big draw for families. Buying an auction property in Lisburn is a chance not to be missed.
Conclusion About Buying Auction Properties In Lisburn
Lisburn is expanding with a thriving shopping centre, lots of pubs and restaurants and many cultural attractions. These factors are just a few of the reasons why prices for auction properties are going up. The accessibility of the city through the expanded infrastructure is adding to the appeal of Lisburn for many families and property investors. As well as the city centre there are opportunities to buy auction properties in outlying towns and villages such as Upper Ballinderry and Dunmurry.
Look on websites of auction houses for details of forthcoming auction properties in Lisburn. Be sure to check out the rules and regulations that apply before bidding on any property. Keep to a budget and always ensure that finance is securely in place before placing a bid.