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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 located in the vibrant heart of Bangor presents a unique opportunity for investors or developers. Formerly an office space for Bangor University, this impressive three-storey detached building spans approximately 6,380 sq.ft and boasts a characterful combination of red brick and roughcast render beneath a slate roof, enhanced by striking bay windows and architectural features. The interior currently consists of an array of office spaces, along with kitchen and WC facilities, making it ripe for transformation into residential units or other commercial uses (subject to planning permission). The property is set on a spacious plot with landscaped gardens and ample parking, ensuring privacy while being just a short stroll from amenities and transport links. With its rich academic history, Ogwen offers considerable potential for renovation that can revitalize this historical asset while meeting modern demands.

Investment Analysis

(LL57 area)

Below Market Value

This property is priced -63.4% below area average per sq ft

-63.4%
Potential saving
This Property
£74/sq ft
Area Average
£203/sq ft
Avg Rent (weekly)
£215
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £300,000
Target Value
£1,427,079
10% above area average per sq ft
Potential ROI
+84.1%
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
14%
Properties sold annually

Local Market Trend (LL57)

Area prices are rising by +15.4% over the last 12 months
3 year growth: +14.9%
5 year growth: +18.7%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,682
Based on a loan of £356,250 over 30 years at 3.91% 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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