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The Crescent, Bangor

Wales

£20,000
Listed on 15/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This development site in the popular Upper Bangor area presents a unique opportunity for renovation and investment. Spanning approximately 200 square meters, the property comes with full planning permission to construct two generous 2-bedroom flats, which could cater to the growing demand for residential spaces in this thriving locale. The approved plans feature appealing elements such as a balcony that offers scenic views of the city, along with private parking and a rear garden area. These amenities could enhance the marketability of the finished units, making them attractive to future tenants or buyers. Upper Bangor is known for its vibrant community and accessibility to local amenities, contributing to strong rental yields and resale potential. This location consistently draws interest from both residents and investors alike. For those looking to embark on a new venture—whether you're an experienced developer or an investor keen on leveraging this promising opportunity—this site provides a solid foundation for growth in one of Bangor's most desirable neighborhoods.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £450,000
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

The Crescent, Bangor
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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
£73
Based on a loan of £15,000 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