4 bedroom house for sale

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4 bedroom house for sale

Friars Avenue, Bangor, Gwynedd
£173,950

Our Summary

  • Spacious four bedroom rental property with scope to convert to a five bedroom HMO, given its previous demonstrated use as a HMO

Description

This spacious four bedroom rental property has the potential to be converted into a five bedroom HMO, given its previous use as an HMO and the high demand for such properties in the area. The property currently generates a combined monthly rent of £1,390 until August 24, with occupants covering gas and electricity costs. The ground floor features a large double bedroom with a bay window, a communal area that can be converted into a bedroom, a lounge/diner, and a kitchen. The first floor has a rear bedroom with a bathroom, as well as two additional double bedrooms and an attic space. The property is located in the Hirael area of the city, offering easy access to the scenic seafront and the main high street. With other four/five bedroom properties in the area renting for an annual gross rent of around £5,000 per bedroom, this property presents a great long-term investment opportunity.
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