Summary - 4 PENLLYS TERRACE BANGOR LL57 2AT
3 bed 1 bath House
**Standout Features:**
- Prime investment location: 50 yards from the main university campus
- Fully tenanted HMO until July 2026, generating a gross income of £19,812 for the academic year
- Recently renovated: new roof and removed chimney in 2024
- Open-plan kitchen/living room perfect for student lifestyle
- Triple occupancy with three furnished bedrooms
- Great views over the city
- Freehold property, chain free
**Potential Concerns:**
- Small plot size and apartment-style layout may limit larger family appeal
- High-crime area and elevated levels of deprivation in the locality
**Summary:**
Discover a remarkable investment opportunity in this newly renovated three-bedroom HMO, just 50 yards from the main university campus. Perfectly positioned for student rentals, this property boasts an open-plan kitchen and living area designed for convenient living and socializing. The property currently generates a net income of approximately £18,012 annually, making it a turnkey investment with proven financial returns. Each of the three bedrooms is fully furnished and spacious enough for student living.
While the small plot size and the surrounding area's high crime rate could be viewed as drawbacks, the potential for steady rental income and the home's excellent condition far outweigh these concerns. With delightful views over the city and minimal ongoing maintenance, this property serves as an ideal asset for seasoned investors or those looking to enter the lucrative student rental market. Don't miss out on this chance to secure a low-maintenance, high-yield property in an unbeatable location!
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