6 Bed HMO, Cardiff, CF24 4BG, £385,000

Wyeverne Road, Cathays, CF24 4BG - 20 days ago

HMO
~186 m²
+10 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£96,250

Stamp Duty & Legal Fees

£27,200

Total Cash In

£123,450

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£2,250

Running Costs/mo

£2,348

Cashflow/mo

£-98

Cashflow/yr

£-1,181

Gross Yield

7%













Property History

Listed for £385,000

March 3, 2025

Floor Plans

Description

  • 6 Double Bedrooms ( HMO ) +
  • Income of £34,200 p.a (2025-2026) +
  • 1 Bathroom and 2 En-Suite Showers +
  • Next to Cardiff University +
  • Oven Ready Investment +
  • Street Parking Available +
  • Cathays ( Golden Triangle) +
  • No Onward Chain +

An exceptional investment opportunity – a 6 double bedroom semi detached House in Multiple Occupation (HMO) yielding an annul rental income of £34,200 p.a. (9% yield) (2025 -2026) with a ERV of £36,000 p.a. (9.5%) including bills. Poised adjacent to Cardiff University, this property not only provides a potential substantial income but also boasts a prime location in an area known for its vibrant student life and dynamic community.

Situated in the heart of this lively student hub, the HMO is surrounded by a myriad of amenities, from trendy cafes and eateries to cultural hotspots and recreational facilities. The proximity to Cardiff University enhances the property's appeal, making it a preferred choice for students seeking convenience and a thriving academic atmosphere.

The Property offers six well proportioned double bedrooms and one main bathroom as well as two of the bedrooms having their own ensuite showers. 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.

The current rental breakdown includes all six rooms rented at £420pcm ( until June 2025) . Beyond its immediate financial gains, envision the prospect of maximizing rental yields as demand in this bustling academic locale continues to grow. The possibility to expand this by extending into the attic to add a additional 1-2 bedrooms (subject to planning).

Agent Details

Key Executive Sales, Cardiff

029 2271 1634

Next Steps?

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

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