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Siliwen Road, Bangor, Gwynedd, LL57

Wales

£475,000

Listed on 17/05/2025

Property Details

Bedrooms
N/A
Type
Office
Area
6383 sqft

Description

This distinctive property in Bangor represents an intriguing investment opportunity, previously utilized as office space for Bangor University. Known as Ogwen, this three-storey detached building features approximately 6,380 sq.ft of adaptable space situated close to the city centre, university facilities, and key transport links. With its notable red brick and roughcast render exterior complemented by a slate roof and elegant bay windows, the building boasts substantial character reminiscent of its academic heritage. Internally, it is configured with various office rooms alongside kitchen and restroom amenities across its floors. The property also provides on-site parking options, including dedicated spaces and accessibility provisions. Set against a backdrop of mature trees and landscaped grounds, it creates a serene environment despite being within walking distance of local amenities and the main university campus. This property offers significant potential for redevelopment or repurposing, making it an ideal candidate for those looking to invest in a project that could transform its use (subject to planning permissions).

Investment Analysis

(LL57 area)

Below Market Value

This property is priced -63.7% below area average per sq ft

-63.7%
Potential saving
This Property
£74/sq ft
Area Average
£205/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,440,069
10% above area average per sq ft
Potential ROI
+142.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LL57)

Area prices are rising by +15.3% over the last 12 months
3 year growth: +13.1%
5 year growth: +16.7%
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

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,794
Based on a loan of £356,250 over 30 years at 4.45% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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