2-bedroom flat · LL57 2BQ
To rentListed 10 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
98B Penrhos is a luxury two bedroomed ground floor apartment, positioned in the popular Penrhos area of Bangor.
With it's bespoke design, spacious bedrooms and unique layout, this apartment is always a well sought after property.
The apartment itself has two bedrooms, a bathroom and an open plan kitchen / living area which makes it a fantastic, stylish space to relax with your housemate.
The well appointed kitchen has a fridge / freezer, full oven and hob cooker and washing machine.
The location offers easy access to bus routes, road links and Bangor train station, as well as only being a ten minute walk from the hospital.
Please note current photos are taken from another apartment in the development and show the specification.
Living Room/Kitchen - Bedroom 1 - 4.97m x 2.68m (16'3" x 8'9") - Bedroom 2 - 4.97m x 2.68m (16'3" x 8'9") - Bathroom - 2.238m x 1.53m (7'4" x 5'0") -
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
Short-let licence or registration needed
We're still gathering serviced-accommodation data for this area.
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Penrhos Road, Bangor
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