7 bedroom house for sale

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7 bedroom house for sale

College Road , Bangor, Gwynedd
£361,500

Our Summary

  • A special investment opportunity to purchase the closest seven bedroom HMO to the main university entrance at Main Arts, in upper Bangor

Description

This property presents a unique investment opportunity to purchase a seven-bedroom HMO located near the main entrance of a prestigious university in Bangor, Wales. With the university celebrating its 140th anniversary in 2024 and being one of the oldest in Wales, the property is expected to have strong long-term income prospects. The current occupational contract for the 23/24 academic year generates £29,295 in total gross rent, and the property is advertised for the 24/25 academic year at a forecasted total rent of £41,454. The property features seven large double bedrooms, each fully furnished, as well as two shower rooms and a large communal living area. Off-street parking and a garden are also included in the property. Despite the rental income being lower than advertised due to extenuating circumstances, this investment opportunity is still expected to provide strong returns for investors.
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