7 Bed HMO, Cardiff, CF24 4AN, £500,000

14 Glynrhondda Street, Cardiff, CF24 4AN - 6 views - 9 months ago

Sold STC
HMO
ROI: 6%
185 m²
+8 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£125,000

Stamp Duty & Legal Fees

£28,700

Total Cash In

£153,700

 

 

Cash Out

 

Room Rate

£572

Gross Rent

£4,004

Running Costs/mo

£3,215

Cashflow/mo

£789

Cashflow/yr

£9,472

ROI

6%

Gross Yield

10%













Property History

Listed for £500,000

June 11, 2024

Sold for £85,000

1997

Floor Plans

Description

  • Council Tax - Band G +

  • 7 BEDROOM HMO +

  • FANTASTIC INVESTMENT +

  • PRIME LOCATION +

  • LOCAL AMENITIES +

SUMMARY
Welcome to Glynrhondda Street, this seven double bedroom HMO is available and ready to view. this property is a fantastic oppotunity to aquire a strong investment in the heart of busy Cathays. do not miss your chance to view, call us today.

DESCRIPTION
Discover a prime investment opportunity with this exceptional seven-bedroom House in Multiple Occupation (HMO) located on Glynrhondda Street, Cardiff. This fully licensed HMO offers a fantastic blend of space, convenience, and income potential, making it an ideal choice for investors or landlords seeking a profitable rental property in a high-demand area. Comprising of Entrance hallway, two double bedrooms & kitchen diner with utility space and shower room on the ground floor, three further double bedrooms with bathroom and additional toilet on the first floor and the upper floor two more generous double bedrooms. This is a must see property as the scale and potential is unmatched. Book your viewing today!

Entrance Hallway 

Kitchen/Diner 21' 4" x 13' 3" ( 6.50m x 4.04m )

Utility  7' 2" x 7' 1" ( 2.18m x 2.16m )

Shower Room 

Bathroom 

Bedroom 1 14' 7" x 13' 7" ( 4.45m x 4.14m )

Bedroom 2 20' 1" x 13' 7" ( 6.12m x 4.14m )

Bedroom 3 14' 7" x 13' 7" ( 4.45m x 4.14m )

Bedroom 4 14' 2" x 13' 5" ( 4.32m x 4.09m )

Bedroom 5 15' x 13' 3" ( 4.57m x 4.04m )

Bedroom 6 14' 1" x 14' ( 4.29m x 4.27m )

Bedroom 7 13' 1" x 12' 2" ( 3.99m x 3.71m )

1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER PETER ALAN NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Peter Alan, Roath

029 2271 0570

Next Steps?

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