Ready-made six-bedroom HMO near university with immediate rental income potential.
Forecasted gross income £37,771 for 2025/26 academic year
Six double bedrooms — all furnished and tenanted until 30/06/2025
Grade II listed — original character, but restrictions on alterations
Recently renovated: new kitchen, two new bathrooms, new flooring
Sold with all existing furnishings and fittings — move-in ready
Small overall size and plot — limited outdoor space and expansion
High local crime and very deprived area — factor management costs
Only two main bathrooms for six bedrooms — potential tenant pinch point
A ready-made HMO investment close to Bangor University, this six-bedroom freehold currently forecasts rental income of £37,771 for 2025/26 and is offered with occupants in situ until 30 June 2025. Recent renovations — including a new kitchen, two new bathrooms, full redecoration and new flooring — mean minimal immediate capital expenditure and the property is sold furnished and fitted for student lettings.
The house retains Grade II listed character: high ceilings, bay windows and original features give strong tenant appeal but will restrict structural alterations and may complicate future upgrades. The layout provides all double bedrooms, multiple communal spaces and a long kitchen-diner equipped with multiple fridges/freezers and a dishwasher, designed for multi-occupant use.
Practical considerations are plain: the property sits on a small plot with modest front and rear gardens and an overall compact floor area (approx. 1,301 sq ft). The location is highly convenient — a short walk to the main university building and Bangor high street — but the surrounding neighbourhood shows high crime and very high area deprivation, factors an investor should price into yield and management costs.
For a buyer seeking an income-producing student HMO with immediate cashflow and strong letting appeal, this offers low short-term work and clear upside through management, room-rates and tenancy rollover. For those wanting major physical changes or expansion, the listed status and small plot limit scope and could increase consent costs.
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