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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
Description
This spacious seven-bedroom property is located in the highly sought-after student area of Upper Bangor, just 70 meters from Bangor University's main campus. The property has been a student rental for many years and offers the potential to generate approximately £44,000 in gross annual income after renovation and reinstatement of the HMO licence. The property also has scope to increase annual income by around £10,000 by developing the lower ground floor basement into a one-bedroom apartment. With Bangor University consistently enrolling around 9,000 students each year, this property is ideally situated to capitalize on the thriving student market. The property requires renovation to bring it up to modern standards, but its prime location and potential for high rental income make it an attractive opportunity for investors.