Full details for 4 Bedroom Property For Sale in Bangor

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Description

This tastefully decorated four-bedroom HMO, currently leased as a three-bedroom for the 24/25 academic year with occupants in place until 30/06/2025, generating a total GROSS rent of £17,839.29. It will be sold with all existing furnishings and fittings, which were replaced three years ago. It has a well-established history of occupancy spanning nine years, with Varsity serving as the managing agent throughout this period. In previous years, the property was rented as a four-bedroom house.

Compared to other four-bedroom properties on the same street, which rent for an average gross amount of £21,618.26, there is potential to increase future income. This potential is bolstered by the university's consistent annual enrollment of approximately 9,000 full-time students.

The property's location is highly advantageous, being just 300 meters from the main university campus, Main Arts, and surrounded by various amenities, including shops, bars, cafes, restaurants, and a supermarket. It is a highly sought-after student area with consistently high occupancy levels.

Bathroom - 2.33 x 1.95 (7'7" x 6'4") -

Bedroom 1 - 3.17 x 2.67 (10'4" x 8'9") -

Bedroom 2 - 3.07 x 2.55 (10'0" x 8'4") -

Bedroom 3 - 4.06 x 2.75 (13'3" x 9'0") -

Bedroom 4 - 4.10 x 2.21 (13'5" x 7'3") -

Living Room - 3.13 x 3.03 (10'3" x 9'11") -

Kitchen - 2.67 x 2.03 (8'9" x 6'7") -

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