A series of guides to buying, selling or letting a commercial properties.
View Commercial Properties
Williams & Goodwin The Property People
313 High Street
Bangor
Gwynedd
LL57 1UL
United Kingdom
Tel: 01248 355333
bangor@tppuk.comIn our opinion an excellent investment property as it provides the opportunity to generate a split income with a lower ground floor bedsit flat, and a 3 bedroomed HMO property to the upper two floors. Being offered with all the current furnishings the property is ready for immediate occupancy and in our opinion provides a realistically priced investment unit. An opportunity to acquire a 4 bedroomed licensed HMO with a novel twist as the property could be used as a single 4 bedroomed unit or split [as is currently the case] to provide a 2 storey 3 bedroomed house and self-contained basement bedsit. The property is being sold furnished and benefits from a fire alarm, fire doors and gas central heating, and is conveniently positioned within 300 yards of the Upper High Street so ideal as a student or similar shared letting unit, or as a family house, and comes with the benefit of a garage facility to the rear.
An opportunity to acquire a 4 bedroomed licensed HMO with a novel twist as the property could be used as a single 4 bedroomed unit or split [as is currently the case] to provide a 2 storey 3 bedroomed house and self-contained basement bedsit. The property is being sold furnished and benefits from a fire alarm, fire doors and gas central heating, and is conveniently positioned within 300 yards of the Upper High Street so ideal as a student or similar shared letting unit, or as a family house, and comes with the benefit of a garage facility to the rear.
Taking the main road out of Bangor in the Caernarfon direction, continue under the railway bridge and after passing over the pedestrian crossing at the mini roundabout, turn right into Penchwintan Road and the property will be seen within a few yards on the right hand side, having vehicular access to a garage space at the rear.
Self- Contained Lower Ground Floor Bedsit
Lobby
With UPVC double glazed external door to the yard that has pedestrian access from the service road at the rear ensuring this unit can be accessed independently of the main accommodation
Shower Room
With UPVC double glazed window to side and fitted with three piece suite of shower cubicle, wash hand basin and wc.
Bedroom 2
11' 6'' x 11' 0'' (3.50m x 3.35m)
With UPVC double glazed window and having a small sink unit with base cupboard below. Storage area which has historically provided a staircase access to the lounge in the main house if a single unit is preferred. This room is currently furnished as a double room.
Ground Floor
Entrance Hall
With double glazed entrance door and single radiator.
Bedroom 1
12' 10'' x 10' 4'' (3.91m x 3.15m)
With double glazed bay window to front, double radiator. This room is currently furnished as a single room
Lounge
11' 11'' x 10' 4'' (3.63m x 3.15m)
With safety glass window to rear, double radiator, and furnished out with sofa and having a fitted fire in timber fireplace surround.
Kitchen
8' 9'' x 5' 10'' (2.66m x 1.78m)
Being comprehensively fitted with a range of modern wall and base units having working surfaces above and incorporating a fitted electric oven with halogen hob. Tiled walls to working surfaces and double glazed window to side, in addition to a rear door.
First Floor Landing
Bedroom 3
12' 7'' x 8' 7'' (3.83m x 2.61m)
With double glazed window to rear, and double radiator. This room is currently furnished as a single room
Bathroom
With blue suite of panelled bath, wash hand basin, and wc. Double glazed window to side.
Bedroom 4
14' 10'' x 12' 2'' (4.52m x 3.71m)
With double glazed bay window to front, double radiator. This room is currently furnished to provide a double bedrooms and has the advantage of a :-
Washroom
4' 3'' x 3' 0'' (1.29m x 0.91m)
With wash hand basin and w.c.
Outside
To the rear of the property is an enclosed yard with garage store facility used as a utility area, and providing a pavement parking area to the front.
Representative example A mortgage of £202,784 payable over 23 years, initially on a fixed rate until 30/09/19 at 1.30% and then on a variable rate of 3.89% for the remaining 21 years would require 26 payments of £850.04 and 250 payments of £1,086.74. The total amount payable would be £294,896 made up of the loan amount plus interest (£91,002) and fees (£1,110). The overall cost for comparison is 3.5% APRC representative.
Lender | Scheme Type | Initial Rate | Subsequent Rate | Overall Cost for Comparison (APR) | Arrangement Fee | Help With Costs | Early Repayment Charges | Early Repayment Details | Monthly Payment | LTV |
---|---|---|---|---|---|---|---|---|---|---|
Lender | Scheme Type | Initial Rate | Subsequent Rate | Overall Cost for Comparison (APR) | Arrangement Fee | Help With Costs | Early Repayment Charges | Early Repayment Details | Monthly Payment | LTV |
---|---|---|---|---|---|---|---|---|---|---|
Lender | Scheme Type | Initial Rate | Subsequent Rate | Overall Cost for Comparison (APR) | Arrangement Fee | Help With Costs | Early Repayment Charges | Early Repayment Details | Monthly Payment | LTV |
---|---|---|---|---|---|---|---|---|---|---|
*The monthly payment is based on an repayment mortgage where the amount borrowed is equal to the % of the purchase price shown in the LTV column.
The GPEA Mortgage Service is provided by London & Country, the UK's leading fee-free mortgage broker. Their expert mortgage advisers will recommend the best mortgage to suit your personal circumstances and you'll have help managing your mortgage from start to finish. Whether you're a first time buyer looking to get on the property ladder, a home mover, a landlord buying property to let or an existing borrower looking to remortgage your current deal, their advisers are available to help you 7 days a week.
The actual rate available will depend upon your circumstances. Please ask for a personalised illustration.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.
YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE
The FCA does not regulate most buy to let mortgages.
The Guild of Property Professionals Mortgage Services is provided by London & Country Mortgages Ltd, Beazer House, Lower Bristol Road, Bath, BA2 3BA who are authorised and regulated by the Financial Conduct Authority. FCA number 143002
Representative example A mortgage of £202,784 payable over 23 years, initially on a fixed rate until 30/09/19 at 1.30% and then on a variable rate of 3.89% for the remaining 21 years would require 26 payments of £850.04 and 250 payments of £1,086.74. The total amount payable would be £294,896 made up of the loan amount plus interest (£91,002) and fees (£1,110). The overall cost for comparison is 3.5% APRC representative.
Check mortgage eligibility online