Caernafon Road, Bangor, LL57 4LN

Situated in a well established residential location, this freehold licensed five bedroom HMO presents an excellent investment opportunity. The property is licensed for five occupants and comprises five letting bedrooms arranged over three floors, including a loft conversion. The ground floor offers one bedroom together with a communal dining room, while the first floor provides three further bedrooms, a communal bathroom and a separate shower room, both with WC facilities. The converted loft accommodates the fifth bedroom. The property is currently self managed and has been maintained as a straightforward investment with communal facilities suited to both student and professional tenants.

Caernarfon Road is conveniently positioned close to Bangor city centre, providing easy access to a wide range of amenities including supermarkets, cafés, restaurants and independent shops. The property is also within easy reach of Bangor railway station and benefits from excellent transport links via the A55, providing convenient access across North Wales and towards Chester and the North West. Bangor University is one of the city's largest employers and continues to generate strong demand for quality shared accommodation.

Bangor continues to benefit from significant public and private investment designed to strengthen the local economy and improve infrastructure. Regeneration projects have focused on enhancing the city centre, upgrading public spaces, improving transport connectivity and supporting business growth through the North Wales Growth Deal. Continued investment in education, healthcare and employment opportunities reinforces Bangor's position as an important regional centre and supports long term demand for well located investment properties.

Please note, figures are representative of the property being self managed which is how it is currently operated.

Financial Breakdown

Gross Rent: £23,400.00
Net income: £15,456.00
Gross yield: 15.1%
Net yield: 9.97%
Please contact agent for full financial breakdown.

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-08602