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8 bedroom house for sale
College Road, Bangor
£359,950
College Road, Bangor
£359,950
Our Summary
- £41,664 Total gross rental income secured for the 25/26 academic year, with scope to be increased to £47,616
Description
This impressive Victorian eight-bedroom HMO in Bangor offers a lucrative long-term rental income, with a total gross rental income of £41,664 secured for the 25/26 academic year and potential to increase to £47,616. The property has consistently high occupancy levels under current ownership since 2004 and features eight bedrooms, two bathrooms, a large communal living area, rear kitchen, and outhouse/utility. The property is located on the doorstep of Bangor University, with a consistent full-time student enrollment of around 9,000 students each academic year, and benefits from a private parking area to the rear. The area has seen an emergence of new businesses, attracting students and offering a consistent flow of potential tenants. The property is being sold with occupants in situ and all existing furnishings and fittings, providing a hassle-free investment opportunity for the new owner.