2-bedroom flat · LL57 1HE
To rentListed 13 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Converted from a chapel located on York Place, Ebenezer Chapel is a unique building with a lot of character.
The building has a range of thirteen one bedroom and two-bedroom flats just a few steps from Bangor’s main flourishing high street.
10B Ebenezer Chapel is a fully furnished flat with two decent sized bedrooms and an open plan living room and kitchen area, which makes a good sociable space to relax with your housemates.
The kitchen is modern in design and fully fitted with a fridge freezer, oven, hob & extractor hood and a washing machine. A dining table is also located here providing a great spot for mealtime.
On road parking is available in front of the building for those tenants that drive.
However, as it is located just off the high street, this flat is in a great location with regular public transport from the nearby bus station and train station should you wish to travel further afield.
There are shops, restaurants and a large supermarket close by and the University buildings are within a close walking distance.
Kitchen/Living Room - 5.91 x 3.20 (19'4" x 10'5") - Bathroom - 3.73 x 1.39 (12'2" x 4'6") - Bedroom 1 - 2.56 x 2.49 (8'4" x 8'2") - Bedroom 2 - 3.18 x 2.58 (10'5" x 8'5") - Hallway - 4.31 x 0.96 (14'1" x 3'1") -
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
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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
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FAQ
About York Place, Bangor
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