83-85 Main Road, Millisle, Newtownards, Millisle BT22
Northern Ireland
£175,000
Listed on 24/09/2026
Listed on 24/09/2026
The listing
Property details
Bedrooms
2Type
BungalowDescription
This Millisle property combines a two-bedroom cottage with a substantial adjoining commercial premises, a short distance from the shore. The cottage includes an entrance porch, open-plan lounge and dining area with an open fireplace, kitchen, two bedrooms and a bathroom. It may suit a buyer seeking a home with additional workspace or considering holiday or short-term letting, subject to any required consents.
The former amusement arcade is arranged in several sections and has access from the main road and rear. The commercial space is described as needing refurbishment and could be adapted for a range of business or other uses, subject to planning and statutory approvals. The residential and commercial elements offer scope for a purchaser to consider how best to use the combined site.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
50out of 100
Grade DWeak opportunity
Confidence: LOW
This is an unusual Millisle project: a usable two-bedroom cottage alongside a substantial former amusement arcade, with separate access from the main road and rear. The cottage has dated finishes, while the commercial space needs clearance and refurbishment, giving a buyer scope to reshape both parts around a suitable use. The guide for the work is £25,000–£65,000, depending on the commercial fit-out and the finish you choose.
At £175,000, the value versus local £/sqf cannot yet be judged because the floor area is missing. The overall score is a weak-opportunity D, with location and price/value difficult to assess from the available data; the distinctive residential-and-commercial combination is the main project appeal.
Key opportunities
- Refresh the cottage’s dated living area, kitchen, bathroom and finishes while retaining its usable two-bedroom layout.
- Clear and refurbish the extensive former arcade, with separate front and rear access offering flexibility for a suitable future use, subject to approvals.
- Explore how the residential and commercial spaces could work together, for example as a home with workspace, subject to any necessary consents.
Key risks
- The commercial premises contains stored equipment and appears to need substantial clearance as well as refurbishment, so its scope and programme warrant careful assessment.
- Detailed roof and building-fabric condition cannot be established from the available images.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£661
Based on a loan of £131,250 over 30 years at 4.45% interest
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