4 bedroom House 1 Friars Avenue, Bangor

Summary

Spacious four bedroom rental property with scope to convert to a five bedroom HMO, given its previous demonstrated use as a HMO. With other four/five bedroom properties within the area being rented for an annual gross rent circa £5,000 per bedroom, the property provides great scope as a long term investment. Currently generating a combined monthly rent of £1,390 until August 24 with occupants covering gas and electricity costs. Ground floor composition: large double bedroom with bay window, to the front, communal area to the rear which can be converted to a bedroom. Following on from the communal living area is a lounge/diner, off-set from the kitchen. Within the rear yard, is a large outbuilding extension, well suited as an outhouse or utility area. First floor composition: rear bedroom with bathroom located next door, containing a bathtub/shower, WC and washbasin. Two additional double bedrooms, with stairwell up to the attic space. Located within the Hirael area of the city, the property benefits from close proximity to the scenic seafront in one direction and the main high street in the other.