5 Bed HMO, Cardiff, CF24 4AQ, £400,000

Miskin Street, Cathays, CF24 4AQ - 5 months ago

Sold STC
HMO
Planning
ROI: 2%
~178 m²
+7 photos

ValuationUndervalued

Sold Prices£180K - £850K
Sold Prices/m²£1.3K/m² - £4.6K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2.2K/m²

Value Estimate

£480,000
BMV20%

Investment Opportunity

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£100,000

Stamp Duty & Legal Fees

£31,200

Total Cash In

£131,200

 

 

Cash Out

 

Room Rate

£527

Gross Rent

£2,635

Running Costs/mo

£2,400

Cashflow/mo

£235

Cashflow/yr

£2,824

ROI

2%

Gross Yield

8%

Local Sold Prices

29 sold prices from £180K to £850K, average is £530K. £1.3K/m² to £4.6K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£330K12/220.1 mi35a, Rhymney Street, Cardiff CF24 4DH5
£310K05/230.19 mi42, Harriet Street, Cardiff CF24 4BY5
£260K02/210.43 mi40, May Street, Cardiff CF24 4EX5
£270K10/210.45 mi4, Treorchy Street, Cardiff CF24 4JP5
£440K04/210.48 mi22, Wordsworth Avenue, Cardiff CF24 3FR5
£340K03/230.52 mi107, Claude Road, Cardiff CF24 3QD5
£180K05/210.6 mi140, Crwys Road, Cardiff CF24 4NR5
£451K12/200.6 mi217, Mackintosh Place, Cardiff CF24 4RP5
£320K02/210.68 mi1, Gold Street, Cardiff CF24 0LF5
£550K12/220.69 mi23, Boverton Street, Cardiff CF23 5ES5
£439K12/200.72 mi118, Marlborough Road, Cardiff CF23 5BY5
£592.5K11/220.73 mi100, Roath Court Road, Cardiff CF24 3SF5
£425K03/230.76 mi27, Clun Terrace, Cardiff CF24 4RB5
£570K07/210.76 mi2, Tydfil Place, Cardiff CF23 5HP5
£640K08/210.78 mi12, Kimberley Road, Cardiff CF23 5DH5
£850K01/230.8 mi26, Ty-draw Road, Penylan, Cardiff CF23 5HB5
£840K11/200.82 mi35, Tydraw Road, Penylan, Cardiff CF23 5HB5
£530K02/210.83 mi60, Kimberley Road, Cardiff CF23 5DL5
£502.5K08/210.86 mi18, Mafeking Road, Cardiff CF23 5DQ5
£230K06/210.89 mi15, Sanquhar Street, Cardiff CF24 2AA5
£745K01/210.93 mi10, Dyfrig Street, Cardiff CF11 9LR5
£742.5K09/210.96 mi3, The Paddock, Cardiff CF23 5JN5
£605K05/210.96 mi38, Waterloo Road, Cardiff CF23 5DZ5
£410K07/220.97 mi12, Kyveilog Street, Cardiff CF11 9JA5
£555K06/230.97 mi2, Deri Road, Cardiff CF23 5AJ5
£530K06/210.97 mi32, Brandreth Road, Cardiff CF23 5NW5
£727.5K03/230.99 mi19, Pitman Street, Cardiff CF11 9DJ5
£600K11/200.99 mi12, Pitman Street, Cardiff CF11 9DJ5
£750K08/221 mi50, Hamilton Street, Cardiff CF11 9BQ5

Local Area Statistics

Population in CF24

55,148

Population in Cardiff

357,494

Town centre distance

1.16 miles away

Nearest school

0.30 miles away

Nearest train station

0.21 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Listed for £400,000

November 26, 2024

Floor Plans

Description

  • Investment Opportunity +
  • 5 Bed HMO +
  • Let Until June 2026 +
  • Income £31,625 pa +
  • 8% Return +
  • No Onward Chain +

 Situated in Cathays, a highly sought-after area, particularly popular with students due to its proximity to the Student Union and other amenities, this property is already tenanted until June 2026, ensuring immediate rental income without the hassle of finding tenants.   An impressive annual rental income of £31,625, a strong yield of 8%. The property briefly comprising on the ground floor, first of the two double bedrooms, a generous lounge and to the rear of the property you will find the kitchen. On the first floor, there is a further three double bedrooms, a modern shower room and a separate w.c. This property offers scope of extending (subject to the necessary planning permission).  Call now to secure your viewing and future investment. We are advised by the vendor that provisions of electricity, water and sewerage are connected to a mains supply, and no materials used in construction may impact a buyer's enjoyment, mortgage availability, or insurance availability, and there are no issues or restrictions on mobile signal/coverage

Agent Details

CPS Homes, Cardiff

020 3840 4007

Next Steps?

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