Summary - 14 Y Cilgan / The Crescent LL57 2PY
1 bed 1 bath Not Specified
Low-entry freehold plot with planning, ideal for investor developers.
Full planning permission for 2 x 2-bedroom apartments
A rare, low-entry development plot in Upper Bangor with full planning permission for two 2-bed apartments. The site is freehold and offers private parking, a rear garden and a balcony with elevated city views — attractive features for rental or resale in a busy student and commuter location. Guide price from £20,000; sale by auction (purchase risk and timings apply).
Planning permission is already granted, reducing upfront consenting risk. However a Section 106 obligation requires a £35,000 contribution to the council in lieu of affordable housing — a material cost that must be factored into viability and finance calculations. The plot is small (approximately 25m x 8m / ~200m2) so design and build will need to follow the approved footprint.
Upper Bangor is a lively, well-connected area close to Bangor train station, Holyhead Road and frequent bus routes, making the completed flats suitable for students, commuters or local renters. Be aware the immediate area is classified as very deprived with higher-than-average crime rates; management strategy and target tenant choice should reflect that.
This lot suits developers or investors comfortable with short auction timelines and refurbishment/development projects. It presents a low-cost entry to a market with steady rental demand, but full financial modelling must include the S106 payment, build costs and local management or letting considerations.
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