9 bedroom house for sale

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9 bedroom house for sale

The Crescent, Bangor
£360,000

Our Summary

  • We are pleased to present a fantastic investment opportunity to acquire two adjoining HMO properties—31 Fron Square and 17 The Crescent—offered for sale together
  • Acquiring the entire plot also presents a developer’s opportunity to reconfigure the layout, allowing for the creation of smaller self-contained units—perfectly suited for the high demand for such accommodation in the area
  • This is a prime opportunity for investors and developers seeking a profitable and strategically located property portfolio

Description

This is a unique investment opportunity to acquire two adjoining HMO properties, 31 Fron Square and 17 The Crescent, located just 100 meters from Bangor University's main building. The properties have been fully renovated in 2022 and offer a combined gross income of £46,620 for the 2024/25 academic year. The properties have five and four bedrooms, respectively, and are currently occupied by students. There is also an opportunity to purchase adjacent properties, 27 and 29 Fron Square, which generate a combined net income of £1,350 per month. The properties present a developer's opportunity to reconfigure the layout, allowing for the creation of smaller self-contained units. With Bangor University attracting around 10,000 students annually, the demand for shared student housing remains strong. The city benefits from excellent transport links, including road and rail connections, as well as the Holyhead ferry port just 20 minutes away. This is a prime opportunity for investors and developers seeking a profitable and strategically located property portfolio.
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