8 bedroom house for sale

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8 bedroom house for sale

College Road, Bangor
£350,000

Our Summary

  • A fantastic long term investment opportunity to acquire an 8 bedroom HMO within a 1/4 mile of Bangor University
  • The property offers scope to achieve a maximum annual gross income of £48,500, after upgrades
  • Having demonstrated a track record of rental income for many years, this property is ready for its next chapter and for a new owner to put their own stamp on the property

Description

This 8-bedroom HMO property is located just a 1/4 mile from Bangor University, making it an attractive long-term investment opportunity. The property offers a maximum annual gross income of £48,500 after upgrades and has a proven track record of rental income. With all double bedrooms, a large communal living area, and kitchen, it meets the main student criteria. The property is located in the prime student hot spot of upper Bangor, with an annual intake of around 10,000 students at Bangor University, ensuring a consistent demand for student accommodation. The property is being sold with all existing furnishings and fittings, providing a ready-to-rent property for the new owner. With its prime location and high rental potential, this property is an excellent long-term investment opportunity for anyone looking to capitalize on the growing demand for student accommodation in Bangor.
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