4 Bed HMO, Cardiff, CF24 4EX, £290,000

May Street, Cardiff, CF24 4EX - 2 views - 3 months ago

Sold STC
HMO
~129 m²
+12 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£11,900

Total Cash In

£84,400

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£1,500

Running Costs/mo

£1,687

Cashflow/mo

£-187

Cashflow/yr

£-2,242

Gross Yield

6%













Property History

Listed for £290,000

December 26, 2024

Sold for £173,500

2007

Sold for £66,000

2000

Sold for £43,500

1996

Floor Plans

Description

  • Four Bedrooms +

  • HMO License in Place +

  • Fully Let Into Next Academic Year +

  • High ROI +

  • Fantastic Location +

  • Potential to Develop Further +

  • Local Amenities +

  • Council Tax Band E +

SUMMARY
Welcome to May Street, FULLY LET FOUR BED HMO in the heart of Cathays achieving £450 per room. The house is generous throughout with potential to develop further, call us to arrange your viewing today!

DESCRIPTION
Peter Alan are delighted to present to the market this four bedroom mid terraced HMO sold fully tenanted into the next academic year achieving approx. £450 per room. The property is located in a perfect spot surrounded by a range of local amenities, walking distance into Cardiff City Centre and regular public transport links. Comprising of entrance hallway, two reception rooms one of which is a bedroom, kitchen to the rear with access to rear garden. To the first floor you will find Three Bedrooms and two toilets. This property would make a brilliant addition to a portfolio or first time investment with generous ROI.

Entrance Hallway 

Lounge 13' 6" Max x 13' Max ( 4.11m Max x 3.96m Max )

Bedroom One 8' 7" Max x 8' Max ( 2.62m Max x 2.44m Max )

Kitchen 12' 4" Max x 9' 2" Max ( 3.76m Max x 2.79m Max )

Bedroom Two 9' 9" Max x 9' 7" Max ( 2.97m Max x 2.92m Max )

Bedroom Three 11' 5" Max x 10' Max ( 3.48m Max x 3.05m Max )

Bedroom Four 8' 9" Max x 9' 2" Max ( 2.67m Max x 2.79m Max )

Bathroom 

Wc 

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?

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

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