Summary - Neuadd Deiniol, Holyhead Road LL57 2DP
19 bed 1 bath House
19-bedroom Victorian HMO close to university and station, high yield potential.
Projected £136,948 gross income for 25/26 academic year
An established late-Victorian detached building arranged as a 19-bedroom multi-occupancy investment in a prime student area of Bangor. Located around 50m from Bangor train station and within half a mile of the university campus, the property benefits from exceptionally strong rental demand and a projected 25/26 gross income of £136,948 (c. 11.99% gross yield at the asking price). The freehold tenure, substantial footprint (approx. 5,748 sq ft) and existing mix of en-suite rooms, self-contained studios and small apartments offer immediate cashflow with minimal vacancy history.
The building’s period features — high ceilings, bay windows and decorative dormers — create appeal and conversion potential. Practical positives include double glazing (unknown install date), mains gas central heating with boiler and radiators, off-street parking to the side/rear and a large corner plot that could support management improvements or further reconfiguration.
Material considerations are clear: accommodation is compact and student-focused with only one bathroom recorded for a 19-bed listing (arranged largely as en-suite rooms and studios, but buyer should verify services). The property sits in a very deprived area with a high local crime rate, which can affect insurance premiums, management costs and tenant turnover. External stone walls likely lack cavity insulation (assumed), and some parts of the building are described as needing work — factor refurbishment and ongoing maintenance into budgeting.
This is a suitable purchase for an experienced investor seeking high-yield student stock with immediate income. Buyers should carry out full technical surveys, confirm services and tenancy details, and build in allowances for anti-social behaviour management, insurance costs and targeted upgrades to improve long-term resilience and letting performance.
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