The highly anticipated Bangor 10K is set to make a return for 2023, with registrations now open until Thursday 28th September.
This year’s race, sponsored by leading local estate agent John Minnis, will take place on Saturday 30th September and is open to runners of all abilities, with early registration recommended.
Participants will have the opportunity to traverse a stunning coastal route, soaking in breath-taking scenery and an unbeatable atmosphere as they strive to achieve their personal bests.
John Minnis, Company Director at John Minnis Estate Agents said:
“As a dedicated supporter of local initiatives, we are thrilled to partner with North Down Athletic Club to back this exciting community event and promote positive health and well-being.
“The Bangor 10K has been a staple in the sports calendar for many years now, attracting both seasoned runners and beginners eager to challenge themselves, and we look forward to welcoming athletes and spectators to the wonderful city of Bangor in September.”
As an exclusive member of The Guild of Property Professionals for Bangor, Holywood, Comber, Belfast and Donaghadee, John Minnis Estate Agents offers a comprehensive range of property services, including residential sales, lettings, and property management.
Clare Russell, Chair of North Down Athletic Club, added:
“The Bangor 10K is a testament to the power of sports to bring people together. The race has grown in popularity over the past number of years, and we are confident that 2023 will be no different!
“It is wonderful to welcome world class runners to beautiful North Down each year to compete in what is recognised as one of the most scenic local races.
“We are very grateful for the support of John Minnis Estate Agents and look forward to working in partnership to deliver a memorable experience for all competitors.”
The Mayor of Ards and North Down, Councillor Jennifer Gilmour, said:
“I am delighted to see this event return to the City of Bangor. Enabling people to take part in sport is one of the priorities for Ards and North Down Borough Council and I am sure that many competitors will be able to make use of our Borough’s first-class sport and leisure facilities to help them prepare.
“It will be a challenging event that will take runners through some of our beautiful coastal areas and I hope everyone has a safe and enjoyable event.”
The 2023 Bangor 10K prize fund is in excess of £3,400.
A full entry fee of £24.50/affiliated and £26.50/unaffiliated is available until 31st July.
The closing date for online entries is 28th September, however late/paper entries will be offered until the morning of the race, subject to availability.
For more information or to register for the Bangor 10k, please visit www.northdownac.co.uk/bangor-10k-2/
Despite economic uncertainty and interest rate hikes affecting the property market in the United Kingdom, Northern Ireland has emerged as a beacon of stability with property prices showcasing resilience and minimal impact, according to leading local estate agent John Minnis.
Recent data from the Nationwide House Price Index (HPI) and Halifax HPI has reaffirmed Northern Ireland's position as a secure and attractive investment destination, with all UK regions except Northern Ireland recording annual price falls in Q2.
John Minnis, Company Director at John Minnis Estate Agents, commented:
“While the data revealed that all other regions showed annual prices declines, Northern Ireland saw a 0.7% year-on-year price rise, making it the best performing region according to the index.
“Although 0.7% is a modest increase, it shows the Northern Ireland property market’s remarkable strength despite the current economic environment. The region has experienced only marginal fluctuations, demonstrating a market that remains steady and resistant to the challenges faced by other regions in the UK.
“This stability has made Northern Ireland an appealing choice for both homebuyers and investors alike.”
As the exclusive member of The Guild of Property Professionals for Bangor, East Belfast, Comber, Holywood, and Donaghadee, John Minnis Estate Agents specialises in residential sales and lettings, property management, new developments, land consultations, and valuations.
Established in 2005, the business recently celebrated its 18th anniversary and a strong record of success across its Holywood, Bangor, Comber, Donaghadee and Belfast branches.
“The Halifax HPI identifies Northern Ireland as one of three regions across the UK that has seen marginal gains in average house price figures, increasing by 0.2% to £186,856.
“Not only has the region managed to weather the storm of the wider UK market but has also continued to display minimal but consistent growth.
“While other regions experienced a slowdown due to economic pressures and interest rate hikes, Northern Ireland's property market has shown resilience by maintaining an upward trajectory.
“This remarkable performance positions Northern Ireland as a standout performer in the UK's property landscape.
“Experts attribute this exceptional performance to several factors. First and foremost, Northern Ireland boasts an attractive cost of living and a robust local economy, which has contributed to sustained demand for properties in the region.
“Additionally, the number of resale and new properties remains limited meaning the supply-demand dynamics in Northern Ireland have remained relatively balanced. This has supported the stable property prices despite external economic challenges.”
“Furthermore, Northern Ireland's unique geographical location provides a distinct advantage.
“Its proximity to both the UK mainland and the Republic of Ireland offers access to a broader range of markets and opportunities, making it an appealing destination for international investors seeking a secure and prosperous property market.
“The current economic climate, including interest rate hikes, has undoubtedly impacted the UK property market. However, Northern Ireland stands out as a shining example of resilience and stability in the face of adversity.
“The region's property market continues to offer homeowners and investors a safe haven for their assets, with steady growth and a solid foundation.”
Summarising these developments, John concluded that as the property market continues to evolve, Northern Ireland's resilience provides a ray of hope for those seeking stability and growth in uncertain times.
Investors and homeowners alike can find solace in the fact that Northern Ireland's property market remains somewhat unaffected by the prevailing economic challenges that have affected other parts of the UK. Read more
Choosing to leave the city's commotion behind and immerse oneself in the tranquillity of rural life is a choice that many are finding increasingly appealing. The attraction of the countryside is not simply its picturesque landscapes, but also the prospect of a lifestyle more attuned with nature.
In 2018, about 670,000 people lived in the countryside of Northern Ireland, which was 37% of the population, and this figure is likely to have grown in recent years.
Buying More Than Just a Property
We understand that choosing to live in the countryside is not merely a geographical decision; it's a lifestyle choice. Picture a dwelling nestled within sprawling acres, offering you the serenity of nature's sounds rather than the nonstop clamour of city life.
Living in rural Northern Ireland isn't just a lifestyle choice; it's a smart financial decision too. With the median weekly income for rural dwellers at £409, compared to the urban average of £373.
This difference showcases the potential financial benefits of a rural lifestyle, alongside the well-documented qualitative advantages.
Practical Considerations: Planning and Building
Embarking on a rural property journey requires an understanding of planning permissions associated with such lands.
It is important to effectively navigate the complex interactions with planning authorities and committees to ensure a smooth property transition.
Being aware of building control applications, understanding the roles and responsibilities of planning officers, and familiarising oneself with the different stages of a building project are all fundamental.
In terms of pricing, the rural property market offers attractive options. The average house price in rural areas more than an hour away from Belfast is slightly over £145,000 which, whilst slightly higher than the urban average..
Amenities and Services
While the allure of rural tranquillity is significant, it is important to consider the practicalities of day-to-day living. Facilities often taken for granted in urban settings, such as robust public transport networks and reliable mobile coverage, may not be as accessible in rural environments.
In Northern Ireland, rural residents tend to have slightly longer commutes, averaging 1,400 miles annually, compared to their urban counterparts who commute around 1,080 miles each year.
This consideration is an essential part of the decision-making process when contemplating a move to the countryside.
Embracing Rural Life in Northern Ireland: Active Participation and Integration
Transitioning to rural living is more than simply adapting to a new environment; it involves becoming an integral part of a tightly-knit community that values mutual support and collaboration.
Northern Ireland offers a rich tapestry of opportunities for newcomers to contribute and integrate into their new communities.
Active participation and contribution are the keystones of rural life, involving not only personal growth but also enhancing the development of the community. By shaping your environment, you are actively promoting its growth and evolution.
A plethora of opportunities await those eager to get involved. Participation can range from attending community events to supporting local businesses, or joining clubs and organisations that align with your interests.
For those passionate about the environment, sustainable living practices offer a chance to lead and make a difference.
Volunteer work is another invaluable avenue of involvement. Assisting in the upkeep of community facilities or supporting local schools can create a substantial impact.
Involvement in local governance or neighbourhood watch schemes contributes to community development and security.
Community initiatives such as the Community Ownership Fund provide a platform for residents to govern their local assets and services.
Additionally, new businesses can act as a crucial element in the fabric of social interactions, fostering a strong sense of community spirit and belonging.
Embracing a New Way of Life
Opting to purchase a property in the countryside transcends a typical real estate decision; it's an investment in a new lifestyle. This choice signifies a commitment to the rhythms of rural living and a willingness to partake in the close-knit communities that embody the charm of the countryside.
From guiding you through the complexities of planning permissions to providing insights into the communities and areas you are looking to move to, we will accompany you throughout.
Contact one of our team today to find out more about the amazing rural properties we are currently listing.
Moving to the country from urban areas may seem like a big change. Certain aspects and convenience of city living are something that can’t really be replicated as you head to more rural areas.
However, the Covid-19 pandemic caused a spike in people looking to move to the countryside, and with the shift in allowing flexible and hybrid working models, this has meant that the move out of the city for some is an extremely attractive option.
In this blog, we will explore the benefits that country living brings.
Lower Upfront Costs for Spacious Properties
Common across most of the United Kingdom, but especially in Northern Ireland you generally get more for your money when it comes to spacious properties in the countryside.
Although it is hard to gauge this to a metric, houses and apartments in Belfast would cost more than an equivalent in a rural Northern Irish council.
For example, a detached house in the Titanic quarter of Belfast in 2022 cost an average of £340,706*, whereas a detached house in Mid-Ulster fetched £229,595*.
*Data taken from PropertyPal.com
Escape the Stress of the City
In comparison with the city, the countryside offers an opportunity to escape the hustle and bustle and unwind.
With 24-hour traffic, busy restaurants, shops and offices and constant construction developments, the countryside is perfect for people trying to escape this.
If you are looking to unwind in a quiet and calming environment, then a move to the country could be for you.
Additionally, a report by the Northern Ireland Department of Agriculture, Environment and Rural Affairs in 2021 found that people who live in rural areas are happier and live longer on average than those who live in towns and cities.
As well as noise pollution, the city suffers from air pollution. Fumes from vehicles, industrial emissions, and urban congestion affect air quality.
The air quality index of cities like Belfast is higher than rural towns and cities in Northern Ireland.
Living in rural areas means that you will find that there is a bigger concentration of smaller and in some cases independent shops.
These shops are often stocked with locally sourced ingredients, items and crafts produced by local smaller businesses, supporting the local economy. Not only will you benefit from top-quality products, but you may also find that it is cheaper and you are getting more for your money from these businesses.
Whilst there is an abundance of activities and sports available through sports clubs and organisations in the city, the countryside offers an environment that the city is unable to replicate.
The diverse and picturesque landscape of Northern Ireland means it is ideal for activities like hiking, cycling, fishing and general exploration.
Close Knit Community
The fast-paced nature, as well as the large rental market in the city, means that there is a constant change of tenants that are on short rental terms, as well as couples and young families deciding to upsize.
This means that there is less chance of a community being built up, something that is very present in the countryside.
With many people settling in smaller towns and villages for the long term, rural communities are extremely welcoming, take pride in preserving their area and provide support networks for fellow residents.
Lower upfront costs: Spacious properties in the countryside of Northern Ireland generally offer better value for money compared to their city counterparts.
Escape from city stress: The countryside provides an opportunity to unwind and escape the hustle and bustle of urban life.
Cleaner air: The countryside boasts cleaner air compared to cities, where air pollution from vehicles and industrial emissions is more prevalent.
Local shopping: Rural areas offer a greater concentration of local and independent shops, supporting the local economy and providing access to high-quality produce.
Outdoor pursuits: The diverse and picturesque landscape of Northern Ireland's countryside provides ample opportunities for outdoor activities like hiking, cycling, fishing, and exploration.
Close-knit community: Rural communities tend to be more tight-knit, with long-term residents who take pride in their area and offer support networks to their fellow residents.
Thinking of moving to the countryside? Find all of our current listings by following this link, and if you have any questions contact one of our team today.
Leading Northern Irish estate agent, John Minnis, is celebrating a strong record of success in the 12 months since establishing its Bangor branch.
Since opening in summer 2022, the Bangor branch, beside Heatherlea Bakery, has become one of the most popular estate agents in the area.
Commenting on a successful year, John Minnis, Company Director, said:
“There was never any doubt that Bangor would be a prime location for our next branch, and we are thrilled at the warm welcome that we have received since opening.
“The news that Bangor had received City status coinciding with the opening of our new branch, along with the added bonus of a £73million investment into the city’s coastline, means we are seeing a surge in the number of people that want to purchase property here.
“Bangor’s great schools, fantastic infrastructure, and up and coming restaurant scene means that it is a very desirable location for a wide range people.
“This has been reflected in our business performance, which saw 2022 finish on a high, and we have seen these strong levels of activity continue throughout the first half of 2023.”
Following the opening of its doors, John Minnis was quickly chosen as the exclusive Guild of Property Professionals member for the area, showcasing its expertise and knowledge of the property industry.
“We pride ourselves on our commitment to the communities in which we operate, and with the resurgence of independent, locally owned businesses in Bangor, we are excited to play our part in the transformation of this wonderful City.
“We are proud sponsors of Castle Bowling Club in Ward Park along with the National Garden Scheme, and also enjoy taking part in the annual Bangor by the Sea festival each year.
“Our values of embracing change and doing business differently to give our clients the edge resonates with the people of Bangor and coupled with our excellent customer service and superb team, we have no doubt that the future is bright for John Minnis.”
John Minnis specialises in residential sales and lettings, property management, new developments, land consultations, and valuations, with additional branches in Comber, Donaghadee, East Belfast, and Holywood.
To contact the John Minnis Bangor office, please call 028 9131 3833
In this post, we will provide a balanced assessment, exploring the opportunities and challenges that await those considering an investment in Northern Ireland's coastal properties.
Northern Ireland Coastal Living
Northern Ireland's coastline stretches over 200 miles, punctuated by breathtaking cliffs, golden sandy beaches, and charming seaside towns.
Towns such as Portrush, Bangor, and Ballycastle offer unique combinations of natural beauty and community spirit that are typical of Northern Irish coastal living.
Property investment in these areas isn't just a financial decision but an opportunity to embrace a lifestyle that's deeply connected with the natural environment.
Natural Beauty and Scenic Views:
One of the most appealing aspects of investing in coastal properties is the stunning views on offer.
The region boasts an abundance of stunning landscapes, where the rugged coastline meets the majestic expanse of the Atlantic Ocean.
Owning a coastal property allows you to immerse yourself in the serenity and tranquillity that the coastal environment offers.
Outdoor Recreational Activities:
Coastal living also means easy access to a host of outdoor recreational activities.
The Northern Irish coastline meets the Atlantic Ocean, as well as the Irish Sea, which brings with it opportunities to engage in a host of water-based adventures and sports
These activities can range from fast-paced water sports like surfing, swimming and paddle boarding to the tranquil activities of fishing and exploring the stunning coastline.
Potential for Rental Income:
Owning a rental property as a second home or part of a portfolio brings the potential for rental income.
With many seeking coastal getaways within the British Isles, coastal properties can tap into the thriving holiday rental market.
It is important to note that owning a rental property requires fulfilling legal requirements, as well as a lot of time and effort to maintain for guests, but it can provide an excellent opportunity for generating income.
Healthy Living Environment:
In addition to its visual allure, the coastal environment often promises healthier living.
The clean sea air found in coastal areas offers a range of health benefits due to its composition of iodine, salt, and magnesium.
Breathing in this coastal air can have positive effects on respiratory health, including alleviating asthma symptoms, promoting overall respiratory well-being, improving allergies and skin conditions, and boosting the immune system.
In addition to this, coastal areas offer easy access to trails and parks can contribute significantly to physical well-being.
Higher Purchase Costs:
The unique benefits of coastal properties make them highly sought after by homebuyers. And with highly sought-after properties, this can impact their price.
The combination of natural beauty, recreational opportunities, and the allure of a coastal lifestyle contributes to the desirability of these properties.
However, it is important to consider that property prices can fluctuate based on market conditions and external factors.
Coastal properties can be vulnerable to the impacts of climate change, such as rising sea levels and coastal erosion and an increase in stormy conditions. .
Rising sea levels have meant that coastal areas are becoming more susceptible to flooding and erosion.
Depending on the location of a property, this means that some houses have become a higher risk, with long-term value dropping, and risk increasing.
Maintenance and Repairs:
Proximity to the sea can lead to accelerated wear and tear on buildings due to salt water, humidity and harsh weather conditions.
Exterior surfaces, such as metal fittings, windows and paintwork are particularly vulnerable to this, with regular inspections and repairs required to maintain the the structural and aesthetic integrity of coastal properties.
Limited Availability and Competition:
The limited availability of coastal properties often leads to increased competition among potential buyers.
As a result, buyers may need to act quickly and make competitive offers to secure a desired coastal property. This competitive environment can drive up prices and make it more challenging for buyers to find affordable options or negotiate favourable terms.
Investing in coastal properties in Northern Ireland offers a unique blend of opportunities and challenges. It's an invitation to embrace a lifestyle marked by natural beauty, vibrant outdoor activities, and potential financial benefits.
However, it's essential to understand the accompanying challenges, which can range from higher purchase costs and maintenance needs to environmental considerations.
It's crucial to evaluate each property on its own merits, take into account your own financial situation, and seek professional advice before making the leap.
Staying informed about the economic landscape, funding allocations, and foreign direct investment trends can provide valuable insights for investors exploring Northern Ireland's coastal property market.
To find out more about coastal living in Northern Ireland, or to see our latest coastal properties for sale, contact John Minnis today.
The historic Clandeboye Estate is set to open its expansive gardens to the public this weekend (27th and 28th May) as part of the 2023 National Garden Scheme, sponsored by local estate agents John Minnis.
Members of the public have been invited to visit the estate’s beautiful private gardens including the delightful Bee Garden, the Chapel Walk and the intimate Conservatory Garden.
Tickets for this event are mandatory and are available to purchase online via the National Garden Scheme website, with sales supporting a range of charities including Macmillan, Marie Curie, Parkinson’s UK and Hospice UK.
Trevor Edwards, Area Organiser, National Garden Scheme Northern Ireland commented: “Clandeboye Estate is one of Northern Ireland’s great private estates, and it is wonderful to be able to offer members of the public the opportunity to explore its variety of spectacular private gardens whilst supporting some very worthy charitable causes.
“Partnering with exceptional venues such as Clandeboye Estate is a huge privilege, and we are very much looking forward to welcoming visitors to our open day event this weekend.”
In addition to Clandeboye Estate, the National Garden Scheme gives visitors unique access to over 3,500 private gardens in Northern Ireland, England, Wales and Guernsey, including Old Balloo House and Barn in Killinchy.
The National Garden Scheme Northern Ireland is facilitated in partnership with leading estate agent, John Minnis which has branches in Bangor, Belfast, Comber, Donaghadee and Holywood.
John Minnis, of John Minnis Estate Agents, added:
“We are incredibly lucky here in Northern Ireland to boast so many exceptional private gardens, including those at Clandeboye Estate.
“Partnering with initiatives such as the National Garden Scheme allows us to provide opportunities to members of our local communities to visit some amazing gardens and outdoor spaces, many of which are right on their doorstep!
“This weekend’s open day events are sure to be a wonderful occasion and I would like to encourage anyone interested in experiencing these beautiful gardens for themselves to come along and support the National Garden Scheme’s network of charitable organisations.”
Leaflets with further information about the gardens included in the National Garden Scheme and upcoming open days can be picked up at all John Minnis branches. Alternatively, please visit: findagarden.ngs.org.uk Read more
Perhaps the first thing you think of when you think of the coastline of Northern Ireland is the spectacular landscapes.
This includes the interlocking basalt columns of the Giants Causeway as well as designated Areas of Outstanding Beauty such as the Antrim Coast and Glens and also Strangford and Lecale.
But as well as these rural spots, Northern Ireland also boasts several attractive seaside towns. In the extreme north, there are small towns like Portstewart and Portrush.
The towns are more populated down the coastline with Larne, Carrickfergus, Bangor, Donaghadee (recently voted the best place to live in Northern Ireland) and Newtownards.
Each town has its charm, but they all share common benefits and advantages that come with coastal living.
In the blog, we will explore some of these, highlighting what makes moving to a coastal town an attractive proposition.
As mentioned in the introduction, Northern Ireland is blessed with a stunning coastline. The UNESCO World Heritage Site of Giants Causeway may get the headlines, but go anywhere on the coast and you are never too far away from a breathtaking vista.
Across the expansive coastline is a mixture of dramatic cliffs and pleasant rolling dunes, providing spectacular views all within a short drive from the many towns of Northern Ireland.
As well as the cliffs, there are also many beaches to be explored both in towns and rural areas, and with coastal roads, these can also easily be accessed.
Outdoor Recreation Opportunities
With coastal living comes opportunities to take part in a wide range of activities that wouldn’t be possible inland.
For runners and adventurers, the coastal paths as previously mentioned provide both technical and challenging terrain in places, whereas other flatter paths are perfect for a leisurely pace.
There are lots of spots perfect for fishing off the coast, and it doesn’t require a fishing licence. The most common fish off the Northern Ireland coast include wrasse, cod, whiting, plaice and others.
Other activities include swimming, sailing, and especially in the North West surfing.
A coastal lifestyle can be an extremely active one, promoting opportunities for regular exercise that can lead to stress relief and improved mental well-being.
Seafood and Culinary Benefits
One major benefit of living close to the sea is the abundance of fresh seafood regularly available to locals.
Locally sourced seafood provides a vibrant food scene in coastal towns, with fish markets and restaurants in abundance. There are also lots of different food festivals that occur throughout the year where the country’s best chefs can showcase their regional dishes.
There are also lots of different food festivals that occur throughout the year where the country’s best chefs can showcase their regional dishes.
As touched on previously, coastal towns give the residents a lot of beauty and tranquillity to unwind in.
Whether that is countryside inland or with views of the sea, you will never be too far away from a calming beauty spot.
With an increase in remote working taking less pressure away from having to commute every day, a slower pace of life can promote and improve overall well-being.
The Northern Irish coastline offers diverse and spectacular landscapes, including the renowned Giants Causeway and designated Areas of Outstanding Beauty.
Coastal towns in Northern Ireland, such as Portstewart, Portrush, Larne, Carrickfergus, Bangor, Donaghadee, and Newtownards, provide attractive and affordable living options.
Scenic beauty abounds along the coastline, with breathtaking vistas, dramatic cliffs, rolling dunes, and accessible beaches.
If you are interested in buying a coastal property in Northern Ireland, why not check out some of the current properties for sale? Or, if you have more questions about buying a home by the sea, send us an email or give us a call on 028 9065 3333.
Benefits of a Second Home in Northern Ireland's Coastal Communities
If you are considering buying a second home, you may be wondering what the benefits of buying a property in Northern Ireland are. Whether you are looking for a holiday home for your family, or an investment property to boost your income, buying on the coast of Northern Ireland has a ton of benefits.
Appreciating property values is becoming more common as the demand for coastal properties continues to rise. This increase in average property prices makes purchasing a second home in these communities a sound investment. Over time, the value of your property may grow, providing you with a worthwhile return on your investment.
The potential for rental income is another significant advantage of owning a second home in a desirable coastal location. By renting out your property as a holiday home or on a long-term basis, you can expect to generate a steady stream of income from tenants. This additional income can help offset the costs of property ownership and contribute to your overall financial well-being.
Improved Quality of Life
Owning a second home in a coastal community can lead to an improved quality of life, with access to natural beauty and coastal landscapes. This serene escape from the hustle and bustle of city life provides stunning coastal walks, picturesque harbours, and sandy beaches, offering endless opportunities to relax and rejuvenate.
Coastal living also presents numerous opportunities for relaxation and rejuvenation, promoting a healthier lifestyle. Outdoor activities such as walking, cycling, and water sports are readily available in these areas. Moreover, the fresh sea air and slower pace of life can contribute to reduced stress and improved mental well-being, enhancing overall life satisfaction.
Exploring Local Culture and History
Local culture and history are significant benefits of owning a second home in Northern Ireland's coastal communities. These areas are renowned for their rich cultural heritage, encompassing maritime history and local traditions. By having a second home in these communities, you have the opportunity to immerse yourself in the local culture and experience the authentic charm that makes these areas so unique.
Furthermore, each of the featured towns boasts a mix of historical landmarks and attractions alongside modern amenities. From historic sites to museums and galleries, there is always something new and exciting to discover and explore. This blend of history and contemporary offerings provides a dynamic and engaging environment that caters to a wide range of interests and passions.
A family-friendly environment is another key advantage of owning a second home in Northern Ireland's coastal communities. These areas are characterised by their friendly atmosphere and tight-knit communities, which create a safe and welcoming environment for you and your family to enjoy.
Additionally, these coastal towns offer an abundance of activities for all ages, ensuring that everyone has something to enjoy. From water sports to nature reserves, there is no shortage of family-friendly activities to keep everyone entertained. The wide range of attractions available in these coastal communities makes your second home an ideal holiday destination that will be cherished by your family for years to come.
Our Favourite Coastal Locations
There is an abundance of beautiful coastlines in Northern Ireland, so there are many different locations that you might choose to look at. Here at John Minnis, we have a few favourite locations due to their stunning views, strong communities and rich histories.
Donaghadee is a picturesque town known for its scenic harbour and historic lighthouse. This charming location features a variety of local shops and restaurants, making it a popular destination for those in search of a tranquil coastal retreat. The thriving local community in Donaghadee further enhances its appeal as a location for a second home. With a strong sense of community spirit and an array of local events and activities, this town provides an idyllic setting for those looking to experience a welcoming and engaging coastal lifestyle.
Bangor is a popular coastal town that offers stunning coastal walks, a beautiful marina, and a lively town centre. This combination of relaxation and entertainment makes it an ideal location for a second home. In addition to its natural beauty, Bangor boasts a wide range of amenities and attractions. The bustling town centre features an array of shops, restaurants, and leisure facilities, ensuring that you will always have plenty to do and see when you visit your second home. This vibrant atmosphere, combined with the town's picturesque surroundings, creates a perfect setting for enjoying the best of both worlds.
Groomsport is a charming coastal village that offers a picturesque setting complete with award-winning beaches and rich maritime history. Its peaceful atmosphere and natural beauty make it an ideal choice for those seeking a second home in a tranquil environment.
The village's rich maritime history is evident in its historic buildings and local attractions, which provide a fascinating backdrop for individuals looking to immerse themselves in the area's history and culture. The unique blend of beauty, heritage, and serenity in Groomsport makes it a perfect location for a second home that offers both relaxation and cultural enrichment.
Holywood is a delightful coastal town that boasts a unique selection of boutique shops, eateries, and galleries. This charming location, with its blend of quaint charm and modern amenities, makes it an appealing choice for those seeking a second home.
In addition to its charming atmosphere, Holywood is home to the prestigious Holywood Golf Club and a range of other leisure facilities. These amenities offer numerous opportunities for recreation and relaxation, ensuring that residents and visitors alike can enjoy a well-rounded and fulfilling coastal lifestyle. The combination of charm, convenience, and recreation makes Holywood an attractive destination for a second home.
Newtownards is an appealing location for a second home, nestled at the foot of the picturesque Ards Peninsula and boasting close proximity to Strangford Lough and the surrounding countryside. This prime location makes it an excellent choice for those who appreciate natural beauty and want to enjoy the best of both coastal and rural living.
As a bustling market town, Newtownards offers a wealth of shopping, dining, and cultural experiences. Its historic sites, such as the iconic Scrabo Tower, provide a fascinating glimpse into the area's past, creating a rich and engaging atmosphere. The combination of natural beauty, history, and modern amenities makes Newtownards a perfect choice for those seeking a second home in a vibrant and picturesque setting.
Financing your Coastal Second Home
So now you have explored a few different locations that might be of interest to you, the next stage is to consider how you will finance your second property.
Mortgage Options for Second Homes
Mortgage options for second homes can vary depending on your intended use for the property.
For those planning to rent out their second home, a buy-to-let mortgage may be the most suitable option. This type of mortgage typically requires a larger deposit from the borrower; however, it can provide a reliable source of rental income to help offset the costs of property ownership.
On the other hand, if you intend to use your second home for personal use only, you may be eligible for a residential mortgage. In this case, it's essential to consult a mortgage adviser to determine the best mortgage option for your circumstances. They can help you navigate the various mortgage products available and find the most suitable solution for your needs.
Tax Implications and Benefits
Owning a second home comes with certain tax implications and benefits that should be considered before making a decision.
Council tax is one such consideration, as owning a second home may result in additional charges that vary depending on the property's location and value. However, if your property is furnished and available for rent for a specified period, you may be eligible for a discount on your council tax bill.
Another tax implication to keep in mind is the cost of stamp duty. When purchasing a second home, you may be subject to an additional stamp duty charge, which is calculated as a percentage of the property's purchase price. It's essential to factor this cost into your budget when considering a second home, as it can significantly impact your overall financial planning.
When owning a second home, it's essential to consider the various insurance requirements needed to protect your investment.
Property insurance is crucial for safeguarding your second home against potential damage or loss. It's important to note that the type of insurance coverage required may vary depending on whether the property is a holiday home or a buy-to-let property. Ensure you select the appropriate coverage to suit your property's specific needs.
In addition to property insurance, liability insurance is another important consideration, particularly if you plan to rent out your second home. This type of insurance covers any potential claims from tenants or guests in the event of injury or property damage while staying at your property. Having adequate liability insurance in place can provide peace of mind and protect you from potential financial losses related to rental disputes or accidents.
Navigating the Buying Process
The buying process for a second home can be made easier with the help of a knowledgeable local estate agent and by understanding the local property market.
Working with a local estate agent who has in-depth knowledge of the property market in Donaghadee, Bangor, Groomsport, Holywood, and Newtownards can be invaluable. Their expertise and familiarity with the area can help you find the perfect second home that meets your needs and fits within your budget.
In addition to seeking professional guidance, it's essential to research and understands the local property market in your chosen area. Gaining insight into the average property price, housing supply, and demand can help you make informed decisions when purchasing a second home. This knowledge will ensure that you are well-prepared to navigate the buying process and secure the ideal property for your needs.
Legal Requirements and Paperwork
When purchasing a second home, it's crucial to understand the legal requirements and paperwork involved. Working with a solicitor can help ensure a smooth buying process and help you navigate any potential issues that may arise.
Additional Costs to Consider
There are other costs that sometimes are forgotten about during the house-buying process, but it is important to factor these in early. You don't want any nasty financial surprises to put a dampener on your new home!
Here are some additional costs to consider:
Maintenance costs: Owning a second home comes with ongoing maintenance costs, such as repairs, landscaping, and general upkeep. It's essential to budget for these expenses to ensure your property remains in good condition.
Decorating costs: You may need to invest in furniture, appliances, and decorations for your second home, particularly if you plan to rent it out as a furnished property. Consider the costs of furnishing and decorating your property when budgeting for your purchase.
Energy costs: Your second home will likely incur energy costs, such as heating, electricity, and water. Be sure to factor these expenses into your budget and consider ways to reduce energy consumption, such as investing in energy-efficient appliances and insulation.
Arrangement fees: Some mortgage lenders may charge arrangement fees for setting up a mortgage on a second home. Be sure to research these potential costs and factor them into your budget.
Credit score: A strong credit score can help you secure a better mortgage deal and lower interest rates. Ensure your credit score is in good standing before applying for a mortgage on a second home.
Council Tax: You may face a surcharge for a second property, check with the local council in the area you are considering buying in.
If you have any concerns or questions about these costs, consult with your estate agent during the viewing process and speak to professionals about the cost of work that might need to be undertaken.
Numerous benefits of owning a second home in Northern Ireland's coastal communities
Donaghadee, Bangor, Groomsport, Holywood, and Newtownards offer natural beauty, cultural heritage, and family-friendly environments
Financing options, tax implications, and additional costs should be carefully considered
Working with a local estate agent and mortgage adviser can facilitate a smooth buying process
Ideal locations for both peaceful coastal holiday homes and lucrative buy-to-let properties
Begin exploring the possibilities in these stunning coastal towns and take the first step towards owning your dream second home
If you are considering buying a home on the stunning coast of Northern Ireland, take a look at some of the coastal properties we have for sale right now, or get in touch with our friendly and experienced team on 028 9065 3333.