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Hill Street, Bangor, Gwynedd

PROPERTY TYPE

House

BEDROOMS

4

BATHROOMS

1

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • HMO Licenced
  • Long Term Investment Potential
  • Sought After Student Area
  • All Double Bedrooms
  • Current Occupants in Situ Until 30/06/24
  • Central Heating

Description

This tastefully decorated four-bedroom HMO, currently leased as a three-bedroom for the 23/24 academic year with occupants in place until 30/06/2024, generates a total NET rent (excluding utility bills) of £13,260.54. 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 (First Floor)

2.33m ( 7'8'') x 1.95m ( 6'5'')

Bedroom 1 (Ground Floor)

3.17m ( 10'5'') x 2.67m ( 8'10'')

Bedroom 2 (First Floor)

3.07m ( 10'1'') x 2.55m ( 8'5'')

Bedroom 3 (First Floor)

4.06m ( 13'4'') x 2.75m ( 9'1'')

Bedroom 4 (Second Floor)

4.10m ( 13'6'') x 2.21m ( 7'4'')

Living Room (Ground Floor)

3.13m ( 10'4'') x 3.03m ( 10'0'')

Kitchen (Ground Floor)

2.67m ( 8'10'') x 2.03m ( 6'8'')

Brochures

Property Brochure

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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Hill Street, Bangor, Gwynedd

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bangor Station0.4 miles
  • Llanfairpwll Station3.1 miles
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About the agent

Varcity Living Limited, Bangor

1 College Road, Bangor, Gwynedd, LL57 2AN

Varcity Living Limited, Bangor

Varcity Living were established in 2005 and have been supplying premium quality accommodation and professional management services since then. With a wealth of experience and an exhaustive knowledge of the investment market in North Wales, the agency has undergone an expansion to include property sales under its list of services. Specialising in investment properties, Varcity Living is a leading local market agent proud of its strong connections with both local and global investors. Get in to

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Disclaimer - Property reference sale-67. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Varcity Living Limited, Bangor. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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