Auction Property 7 Bed House Of Multiple Occupancy 

Garth Road, Bangor

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Features

  • Available subject to auction terms and conditions
  • Seven-bedroom HMO property
  • Accommodation over four storeys
  • Potential income of £2,800 pcm
  • Potential gross yield of 17.68%
  • Close to local transport links
  • Nearby amenities
  • Freehold

Quick Details

7 Bedrooms

Address

No 3 Erwfair Garth RoadBangorGwyneddLL57 2RT
Details
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Property Details

•Guide Price: £190,000+
•Seven-bedroom HMO property
•Potential income of £33,600 per annum
•Freehold

This grade II listed property comprises accommodation over four floors.

Accommodation briefly includes hallway, lounge, double bedroom, kitchen and shower room to the ground floor. The lower ground floor comprises cellar room, dining room, bathroom and one bedroom. To the first-floor accommodation, there is a landing area and two good sized bedrooms. To the second floor, there are an additional two bedrooms and a landing area.

Externally, the property benefits from unrestricted parking on Garth Road.

This property is located on Garth Road in the city of Bangor. The city centre is situated half a mile from the property, providing easy access through Garth Road and Deniol Road. Bangor University is also situated within close distance, which can be reached within a 10-minute walk of the property.

Services

We understand the property has mains electricity, water and drainage. However, interested parties should carry out their own investigations.

Tenure

Freehold

Investment Analysis

The property has a potential to achieve an income of £2,800 pcm (£33,600 per annum) if fully let, per annum, reflecting a potential gross yield of 17.68%, based on the guide price.

Council Tax

This property is rated in Council Tax Band D. Council Tax payable (2017/2018) is £1,601.

Guide Price

£190,000+

Buyers Premium

2% (min. £3,600) inc. VAT.

Viewing

Please contact John Pye Property on 0115 970 6060 or property@johnpye.co.uk to arrange an appointment.

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