Summary - Lower Flat, 20 Tan y Graig LL57 4SD
5 bed 2 bath End of Terrace
Central Bangor location close to university, shops and transport.
Five bedrooms arranged as two self-contained flats
A five-bedroom end-terrace arranged as two self-contained flats, currently HMO licensed and sold freehold by auction. The ground-floor flat has two bedrooms, kitchen, living room and bathroom; the first-floor flat offers three bedrooms, a larger living room, modern kitchen and bathroom. Both units will benefit from modernisation to maximise rental value.
Positioned in central Bangor, the property sits within short distances of the university, hospital, shops and public transport — strong locational advantages for student or professional lets. Fast broadband and excellent mobile signal support modern tenants. The building is of late 20th-century construction with double glazing and gas central heating already installed, reducing some immediate capital spend.
Important practical points: the house requires renovation and updating; the area is classified as very deprived with above-average crime levels, which may affect rental demand and lettings strategy. An Article 4 direction means planning permission is required to change to holiday accommodation. The property will be sold at auction under the Modern Method of Auction: bidders must pay a non-refundable reservation fee (4.5% of the price, min. £6,600) and complete within 56 days — allow time for due diligence and solicitor review.
For an investor prepared to renovate and manage tenant risk, this building offers multiple income streams and refurbishment upside in a city-centre location. Budget for refurbishment, factor local market challenges and the auction terms into purchase plans.
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