AgentHMO are pleased to bring to the market this exciting investment opportunity, to acquire 5 properties, all of which are student HMOs, located in the heart of Bangor and conveniently clustered right next to Bangor University. The tenants for the 2023/2024 academic year have already been lined up and the rents will increase during that period, making the portfolio even more attractive to investors. Further benefits include being council tax exempt and comparatively low outgoings for the landlord.
Three of the HMO properties located on College Road consist of 8 bedrooms and 2 bathrooms, with the other on this road housing 7 bedrooms and 2 bathrooms. The property on Craig y Don is a 6 bedroom and 2 bathroom HMO. All properties are well equipped for tenant living, with generously sized communal spaces.
All of the properties are in an idyllic location for students; the centre of Bangor and Bangor University are 30 metres or 1 min walk from the uni entrance. Nearby amenities include a large array of supermarkets/convenience stores, bars and eateries. Bangor Train Station is within a 10-minute walk of all properties allowing for wider access across Wales and into England.
*Based on 75% LTV 2.5% APR. Note. Always speak to a qualified HMO mortgage broker for an accurate quote. These rates are an example of the potential % APR rates only. Visit theHMOmortgagebroker.co.uk to find out the latest HMO mortgage rates.
The fee charged to the buyer in addition to the purchase price.
The deposit amount to secure the HMO opportunity. This is fully refundable in accordance with the terms & conditions (see FAQs) and is deducted from the purchasre price upon completion. In the case of this property, the reservation deposit is -- then the balance due on completion is £1,875,000.
College Road, Bangor, LL57 2AP, United Kingdom