Summary - 55 GARTH ROAD BANGOR LL57 2SF
4 bed 1 bath House of Multiple Occupation
High-yield investment close to university and seafront amenities.
- Registered 5-bed HMO, fully let to students
- Reported annual rent circa £22,800 (high yielding)
- New Worcester gas boiler and UPVC double glazing
- Central location, walking distance to university and pier
- On-street parking only; very small rear yard
- Sold at auction: 5% deposit and buyers' premium apply
- Slow broadband and area classed as very deprived
- May require compliance or refurbishment for non-student use
A three-storey, Victorian terraced house currently operating as a registered 5-bed HMO in central Bangor, offered freehold with immediate rental income. The property is fully let to students and reports annual rent of approximately £22,800, giving a gross yield in excess of 12% at the guide price.
The building benefits from a new Worcester gas boiler and UPVC double glazing and includes a through lounge/dining room, fitted kitchen, bathroom and a small rear yard. On-street parking serves the front; the location is within walking distance of the university, pier, local beach and city amenities, which supports strong student demand.
Important sale conditions: the lot is being sold at online auction with unconditional contracts on fall of the hammer. A 5% deposit plus a buyers’ premium (5% + VAT, minimum charge applies) and completion within 28 days are required. Prospective buyers must review the legal pack for special conditions and possible additional costs.
Practical drawbacks to note: the property sits on a very small plot in an area classed as very deprived with slow broadband and average crime. It is established as student accommodation, so long-term owner-occupation or different tenancy uses may require planning or HMO license checks. Buyers should inspect the legal pack and consider any refurbishment or compliance works that may be necessary.
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