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Our knowledge of the Bangor student housing market will ensure you exceed your investment ambitions whatever the scale you work on.

Bangor’s burgeoning popularity as one of the UK’s leading research universities, combined with its stunning location between the sprawling Snowdonian mountain range and teeming Irish Sea, make it a destination for UK and international students alike. The University attracts over 10,000 students every year and consistently achieves acclaim for its outstanding student satisfaction results, as well as for its clubs and societies. This robust reputation ensures that there is constant demand for all types of student housing in Bangor. Thankfully, at Varcity Living we have the skills and experience to service this demand and provide our investors with solid returns on their housing investments.

The opportunity for investment in rental property in Bangor, both residential and student, is huge, with property prices in prime locations relatively low in comparison to other major UK university cities.¬†Continuing favourable investment interest rates¬†–¬†coupled with the recognition of student property by banks and mortgage providers as a reliable investment – make Bangor ripe for relatively low-risk investments.

Whilst this makes the market increasingly competitive, there continues to be a considerable volume of available property that can be renovated and developed to garner impressive returns on your investment. At Varcity Living we’ve made a name for ourselves as reliable suppliers of luxury student homes. We’ve seen demand for our quality student housing continue to grow, and as such we’re in a prime position to take advantage of the trend in student property investment. 

Investing with us

Our breadth of knowledge and expertise on Bangor’s housing market is unparalleled, with our dedicated team committed to providing detailed advice at every stage of the investment process. Whatever the scale or purpose of your investment we offer a comprehensive service; from sourcing the right property to taking care of management. Below is a sample of what you can expect when you invest with Varcity. 

Property sourcing 

Our 13 years of experience buying and letting accommodation in Bangor means there is nobody better placed than us to find you prime location property that will offer the best returns on your investment. Further, the close relationships we have built up with both local estate agents and landlords put us in a unique position of being able to secure property as soon as it becomes available. 

Building & refurbishments 

Maximising the impact of student housing investments is our specialty, with our in-house team especially adept at recognising how to get the most out of building and refurbishment projects to magnify the return on your investment. We have comprehensive experience building student accommodation to comply with HMO licensing conditions, thus giving you peace of mind that your investment is in safe hands.  

Licensing

Making sure that your investment is secure and continues to comply with all of the latest government and council regulations can be a complicated and time-consuming hassle that, as an investor, you could do without. At Varcity Living we take away all of this hassle, managing the nitty-gritty details of property ownership - including paperwork! - meaning our investors can be left to enjoy the things that matter most to them. 

Furnishing & fit-out 

We understand that to get the best returns you have to offer an unsurpassed product that customers are desperate to engage with. We believe this is particularly important in the student lettings market and we match high-quality building refurbishments with superior furniture and fittings; minimising the need for continued maintenance and guaranteeing your property is let out year upon year. 

Past projects
19 Albert Street

A true ugly duckling to swan transformation, 19 Albert Street was in an unloved condition, with the existing layout unable to make the most of the space. We moved existing utility connections, took out walls and ceilings and finished it all in a modern and attractive style. You can read more on the intricacies of the project and the numbers that went into it right here.

1 Snowdon Villas

We gave a new lease of life to a neglected 7-bed end terrace in the heart of Upper Bangor’s busy student district, including structural alterations, considered, modern finishes and a considerable ROI. Find out more about 1 Snowdon Villas here.

Lettings and management

Once any renovations or buildings works on your property have been completed it is its ongoing management that will safeguard your investment. At Varcity we manage over 900 bedrooms across 300 homes. As a result we are one of Bangor’s most trusted and established student lettings agencies, so you can be sure that your investment is in safe hands with us. We endeavour to do things right the first time, every time; so you can concentrate on the things you love.  

Our fees
Property sourcing

Should you require our assistance in sourcing a suitable property we charge a 1.5% ‚Äėfinders‚Äô fee based on the sale price of the property (our minimum ‚Äėfinders‚Äô fee is fixed at ¬£1,500; should 1.5% of the sale price fall below this amount you will be obliged to pay ¬£1,500 as standard).¬†¬†

Project design

The majority of our housing investor projects require a level of renovation work in order to maximise their potential yields. Should your project require this service we will manage the entire design process for you, liaising with architects, engineers, contractors and all other associated persons. Our design fee for this type of service varies depending on the complexity of the project so contact our team to get a bespoke quote. 

Project management

Our project management service takes the completed design from the quoting process all the way through to the completion of renovations, with fees charged on a ‚Äėcost-plus‚Äô basis. This means we charge you the cost price of all labour and materials involved, as well as a 10% project management fee. This fee will be a calculation based off the total cost of all works upon completion. ¬†

Property management

Management fees are normally based around 10 ‚Äď 15% of gross rental income, however¬†this is dependent on the condition of the property and the work required¬†to maintain or renovate it.¬†Varcity Property Management also offers discounted packages for management of¬†a portfolio of¬†multiple properties. See our¬†price list¬†for more information on our property management fees. All fees are subject to VAT at the applicable rate.