Mixed use for sale
Property description & features
- 6 Bedroom HMO
- Fully Let for 23/24 & 24/25 Academic year
- Golden Triangle Location
- No chain
- Great investment opportunity
- Turn key finish
Welcome to the perfect investment for the New Year.
A stunning six bedroom HMO located within the Golden Triangle of Cathays. The property is currently tenanted and has been relet for the next academic year 2024/2025. The property is being sold with no chain and provides an income immediately upon purchase.
As your enter the property on the right hand side is bedroom one this room features the bay windows and like all of the rooms a built in wardrobe to maximise the use of space for students, further down the hallways is bedroom two. Under the stairs is a separate toilet, the kitchen living area has been combined to create a lovely open plan feel.
The first floor of the property comprises of a further three bedrooms all with built in wardrobes and the first full bathroom, the second floor of the property comprises of the second full bathroom and a dormer extension to provide adequate space for the sixth bedroom.
Income
Current Rent:
£450 per room not including bills
Per month = £2700
Per Annum = £32,400
2024/2025 Income
£500 Per room not including bills
Per Month £3000
Per annum £36,000
Based upon recent rentals in the area by Uniek Residential we would anticipate a increase in the rent to above £575 entering into 25/26 academic year with the potential to increase to above the £600 per room mark if some minor adaptations are made to the property.
Council Tax Band: D
Tenure: Freehold
Places of interest
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Property reference 12235708. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Uniek Residential - Cardiff.
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Broadband availability and predicted speed: obtained from Ofcom on January 7, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on September 12, 2021 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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