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8 bedroom house of multiple occupation for sale

Bangor, Gwynedd

Withdrawn from Market £300,000

Property Description

Key features

  • 8 Bedroomed Licensed HMO Investment Property
  • Communal Lounge, and Large Kitchen/Diner
  • uPVC Double Glazing & Gas Fired Central Heating
  • Fitted Kitchen/Breakfast Room
  • Large Car Parking Area to Rear
  • EPC: D

Full description

With tenancies already secured through to the end of the 2017 academic term generating a weekly rent of £620 equating to £27,280 on a 10 month academic basis this property shows a gross yield in excess of 9% on the current rent and asking price providing an annual return well in excess of the current low returns from traditional savings accounts. EPC: D.Being offered for sale as a going concern to include all landlords furnishings and therefore capable of generating an immediate return well in excess of more conventional savings accounts is this fully licensed 8 bedroomed HMO property which was fully renovated in the last 10 years by the current owner and benefits from full double glazing and gas fired central heating. Taking into account the high standard of accommodation and convenient location the property has always proved of interest to large groups of students, and demand has been consistently high for rooms in this well presented property in the past making it ideal for the purchaser looking to achieve a high income from capital investment.


More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
01 September 2016

Map & Street View

Disclaimer - Property reference 7130415. 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 Williams & Goodwin The Property People, 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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