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7 bedroom house for sale
College Road, Bangor
£280,000
College Road, Bangor
£280,000
Our Summary
- The property has been a student rental for many years and is now in need of renovation to bring it up to modern standards
- Following the renovation of the seven bedrooms and the reinstatement of the HMO licence, 33 College Road offers the potential to generate approximately £44,000 in gross annual income
- EPC D With Potential For a C
- Potential to Achieve >£50,000 Annual Gross Income
- Renovation Opportunity
Description
This seven-bedroom property in Upper Bangor, just 70 meters from Bangor University's main campus, offers a lucrative investment opportunity. The property has been a student rental for years and, following renovation, could generate approximately £44,000 in gross annual income. Additionally, developing the lower ground floor basement into a one-bedroom apartment could increase the annual income by around £10,000. The property is situated in a thriving student area, with new businesses and amenities opening due to the high student footfall. With Bangor University consistently enrolling around 9,000 students each year, this property is ideally positioned to capitalize on the growing student market. The property requires renovation, but its potential for income and location make it an attractive investment opportunity for those looking to capitalize on the thriving student market in Upper Bangor.