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6 bedroom house for sale
High Street, Bangor
£230,000
High Street, Bangor
£230,000
Our Summary
- Proving popular with student groups in the past, due to large double bedrooms, high ceilings and multiple kitchens, in addition to the highly convenient location, the property now requires development, to bring it in-line with modern expectations
Description
This large Victorian six-bedroom HMO is a unique investment opportunity for an investor with vision. With its high ceilings, multiple kitchens, and spacious double bedrooms, it has proven popular with student groups in the past. However, it now requires development to bring it up to modern standards. Despite this, the property has significant rental potential, with five similar properties in the surrounding area pre-let for the upcoming academic year at an average annual income of £39,170 each. Situated in a highly convenient location at the top end of Bangor High Street, just a five-minute walk from the train station and close to local amenities, this property offers a fantastic opportunity for an investor to put their own stamp on it and reap the rewards.