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Siliwen Road, Bangor, Gwynedd, LL57 - Image 1
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Siliwen Road, Bangor, Gwynedd, LL57

Wales

£475,000
Listed on 17/05/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This notable property presents a unique opportunity for buyers seeking a substantial space in Bangor, previously utilized as offices for Bangor University. Situated just off Siliwen Road, this three-storey detached building, known as Ogwen, offers approximately 6,380 sq.ft (about 593.3 sq.m) of adaptable interior space. Its prime location near the city center and key university facilities makes it an attractive option for various potential uses. The building showcases an appealing architectural style with its blend of red brick and roughcast render, highlighted by a slate roof and elegant bay windows. Internally, it is currently configured with multiple office rooms, kitchen facilities, WC accommodations, and generous storage options across its three floors. A highlight of this property is the on-site parking that includes designated spaces along with an accessible parking area. The charming landscaped front yard and mature trees add to the privacy and tranquility of the setting. Additionally, the property’s proximity to essential amenities on High Street and Bangor train station enhances its appeal for both residential or commercial redevelopment. This property holds significant renovation or repurposing potential, making it an intriguing prospect for investors looking to revitalize a piece of Bangor's academic legacy (subject to obtaining necessary planning permissions). Whether you’re considering transforming it into residential units or another commercial endeavor, the possibilities are vast given its size and location. With a freehold tenure status and connections to mains gas, electricity, and drainage services already in place, this property is positioned well for future development while remaining close to essential transport links and university life. The estimated Rateable Value stands at approximately £14,323; interested parties should verify details with the relevant authorities to ensure accuracy before proceeding.

Investment Analysis

(LL57 area)
Area Average
£204/sq ft
Avg Rent (weekly)
£279
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LL57)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 5.1%
5 year growth: 14.5%
Investment Disclaimer: Analysis based on LL57 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Siliwen Road, Bangor, Gwynedd, LL57
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,740
Based on a loan of £356,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE