4 bedroom House 23 Penchwintan Road, Bangor

Summary

Newly refurbished, four bedroom HMO with occupants in situ, on an Occupational Contract running from 05/09/23 - 30/06/24. Providing a total GROSS rental figure of £20,519.43 (£120.50 per bedroom x 42 weeks and 4 days). Further, the property has a 24/25 Occupational Contract secured worth a total GROSS rent of £24,737.14, offering a 13.1% ROI, rare for the local area. The property benefits from two en-suite bedrooms, each with their own private shower, WC and sink, in addition to a communal bathroom for the two additional bedrooms. Scope of upgrades carried out during summer 2022 include; complete back to brick renovation, fully plastered throughout, new fire alarm system, new kitchen, garage converted to store room/boiler room/utility, basement bedroom insulated and ventilated, full new central heating system, three new bathrooms, new flooring throughout, new fire rated doors, windows and doors re-sprayed. John Lewis furniture has been installed within each bedroom along with Ikea furniture in the living room, to be included within the sale price.