6 Bed HMO, Cardiff, CF24 4QQ, £450,000

Tewkesbury Street, Cathays, CF24 4QQ - 6 views - 3 months ago

Sold STC
HMO
ROI: 3%
~186 m²
+8 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£24,700

Total Cash In

£137,200

 

 

Cash Out

 

Room Rate

£508

Gross Rent

£3,048

Running Costs/mo

£2,747

Cashflow/mo

£301

Cashflow/yr

£3,607

ROI

3%

Gross Yield

8%













Property History

Listed for £450,000

December 26, 2024

Sold for £69,950

1997

Floor Plans

Description

  • Investment Opportunity +
  • 6 Person HMO +
  • Let Until June 2026 +
  • Income £36,570pa +
  • Well Maintained and Presented +
  • Popular Location +
  • No Onward Chain +

A great opportunity to acquire this well maintained and presented large mid-terraced HMO dwelling located within the popular location of Cathays.  The property is currently let until June 2026 with a great income of £36,570 giving a healthy return in excess of 8%. On the ground floor, you will find two double bedrooms, a fantastic open plan modern kitchen/living area, fitted with a range of modern high gloss base and wall units, a range of built-in appliances, and a living area with modern furnishing.
On the first floor, there are three double bedrooms, and two modern fitted shower rooms. On the second floor is the sixth bedroom, a generous bright room with two skylight windows. Outide, to the rear of the property there is an enclosed garden with rear lane access.

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 💪

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