6 Bed HMO, Cardiff, CF24 4DW, £390,000

Woodville Road, CARDIFF, CF24 4DW - 10 months ago

HMO
ROI: 2%
~130 m²
+17 photos

ValuationOvervalued

Sold Prices£210K - £1.4M
Sold Prices/m²£1.5K/m² - £4K/m²

 

 

Square Metres

~130.10 m²
Price/m²£3K/m²

Value Estimate

£365,002

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£97,500

Stamp Duty & Legal Fees

£27,700

Total Cash In

£125,200

 

 

Cash Out

 

Room Rate

£433

Gross Rent

£2,598

Running Costs/mo

£2,442

Cashflow/mo

£156

Cashflow/yr

£1,870

ROI

1%

Gross Yield

8%

Local Sold Prices

20 sold prices from £210K to £1.4M, average is £637.5K. £1.5K/m² to £4K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£395K10/210.06 mi1a, Catherine Street, Cardiff CF24 4EF6
£270K10/210.17 mi4, Treorchy Street, Cardiff CF24 4JP6
£270K10/210.17 mi4, Treorchy Street, Cardiff CF24 4JP6
£270K06/230.28 mi93, Crwys Road, Cardiff CF24 4NF6
£410K05/230.35 mi1, Pentyrch Street, Cardiff CF24 4JW6
£270K05/210.38 mi23, Tewkesbury Street, Cardiff CF24 4QQ6
£210K06/210.49 mi232, Mackintosh Place, Cardiff CF24 4RT6
£915K03/230.76 mi44, Ty-draw Road, Penylan, Cardiff CF23 5HD6
£600K07/230.76 mi3, Dyfrig Street, Cardiff CF11 9LR6
£960K03/230.82 mi24, Plasturton Gardens, Cardiff CF11 9HF6
£865K09/220.82 mi20, Plasturton Gardens, Cardiff CF11 9HF6
£1.4M06/230.99 mi28, Ty Gwyn Road, Penylan, Cardiff CF23 5JF6
£700K05/211.03 mi81, Lake Road West, Cardiff CF23 5PH6
£650K12/221.17 mi16, Cyncoed Road, Cardiff CF23 5SG6
£835K05/211.35 mi8, Brynteg Close, Cardiff CF23 6AS6
£790K05/231.64 mi7, Chargot Road, Cardiff CF5 1EW6
£874K02/211.65 mi129, Pencisely Road, Cardiff CF5 1DL6
£1.2M03/231.88 mi6, The Avenue, Llandaff, Cardiff CF5 2LQ6
£568K03/211.91 mi304, Heathwood Road, Cardiff CF14 4HT6
£625K06/212 mi60, Milestone Close, Cardiff CF14 4NQ6

Local Area Statistics

Population in CF24

55,148

Population in Cardiff

357,494

Town centre distance

0.89 miles away

Nearest school

0.30 miles away

Nearest train station

0.17 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £390,000

May 20, 2024

Floor Plans

Description

  • Located at the heart of the Golden Triangle +
  • Finished to a high standard throughout +
  • Rented for £31,200 until June 2025 +
  • Six Bedroom HMO +
  • Two spacious bathrooms +
  • Double bedrooms +

This property stands out not just for its prime location but also for its impeccable standards. Each of the six bedrooms is thoughtfully designed to meet the needs of today’s students, ensuring maximum comfort and functionality. The communal areas are spacious and modern, fostering a sense of community and making it an attractive choice for tenants. With a strong rental demand in Cathays, properties like this are perpetually in high demand.

Generating a robust annual income of £31,200, this property is let until June 2025, providing immediate and sustained rental income. Cathays is renowned for its proximity to Cardiff University and vibrant student life, making it a magnet for student renters. Properties in this area consistently achieve top rents due to the location’s desirability and the high-quality living environment offered.

Don’t miss out on this turn-key investment opportunity on one of Cardiff’s most sought-after student rental streets. Secure your place in this lucrative market and enjoy peace of mind with a property that is already a proven income generator. Contact us today to arrange a viewing and take the first step towards enhancing your investment portfolio with this prime HMO.

Agent Details

Darlows, Albany Road

029 2271 6242

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪