Generating a favourable income, this 3 Bedroom HMO is a great investment opportunity, to take advantage of the thriving student market in Bangor. There’s even a small commercial unit that is currently used as a commercial window.
Located in a popular residential area, Orme Road is conveniently placed for the University and the vibrant city centre. Set on a prime corner plot this 3 Bedroom HMO also offers a spacious commercial unit too. The well presented accommodation in total generates in excess of £26,000 per annum and briefly consists of a welcoming Entrance Hall with an open plan Lounge and Kitchen to the side. The Kitchen is fully fitted with a range of base and wall units including an electric oven and hob. Further along the ground floor is a generous size Double Bedroom as well as a separate Wc. Upstairs on the first floor, off a central landing are 2 large Double Bedrooms, one with an en suite shower room. An additional shower room is located off the landing. The commercial unit comprises of 2 Retail Rooms, Utility Room and separate Wc. The property has a mains gas central heating system and also benefits from uPVC Double Glazing throughout. Part of the ground floor is currently being used as a commercial window. Outside to the side is an enclosed yard area with access to the street. So if you are looking for an investment property in a prime rental location, book a viewing soon to be the first to fully appreciate this great opportunity.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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