7 Bed HMO, Cardiff, CF24 4JF, £535,000

• Completely Re-developed in 2023 +
• Annual Income of £48,300 until June 2025 +
• 9% Return +
• 7 Bedroom HMO (expires 2028) +
• Two Bathrooms and Separate W.C. +
• Super Kitchen/Living Room +
• Prime 'Golden Triangle' Location +

A superb example of a completely re-furbished investment property located within the heart of the student 'Golden Triangle'.  This current 7 Bedroom HMO has been let until June 2025 with a fantastic annual income of £48,300, giving a healthy return of 9% return! This property was extended and renovated in October 2023 providing clean, stylish and modern accommodation in one of the most desirable areas for students.  A brand new 7 person occupancy was issued in October 2023 and has Sui Generis consent. The property is made up of 3 floors with the 2nd floor being added during the renovation. As well as offering 7 spacious bedrooms the house also includes 2 bathrooms and a separate W/C on the ground floor, which leads into a generous living area and private rear garden. The current vendor has experience in renovating properties and was able to complete this particular project within 4 months to a high specification.
On the ground floor you will find 2 of the bedrooms at the front of the property and a small W/C tucked under the stairs. On from the main hallway is the open plan kitchen and living room, you initially are welcomed into the kitchen area which has been fitted with high and low cabinets and plenty of counter top space. The living area is on the far side of the room and offers lots of seating for students to relax and also leads out to the rear garden. The garden has been covered in Cotswold stone throughout making it an ideal low maintenance space in the summer months.
On the 1st floor there is a further 3 more bedrooms and a full bathroom, all bedrooms in the property consist of the same furniture and will be included in the sale. The bathroom includes a toilet, wash basin and shower cubicle. The 2nd and final floor is home to 2 more bedrooms and a bathroom. Darran street is located just off Cathays Terrace which is around a 10 minute walk from Cardiff University Students Union. There is both a Tesco Express, located on Cathays Terrace, and a Lidl, located on Maindy Road, within walking distance of the property. Bus services into town run regularly from bus stops less that a 5 minute walk from the property and Cardiff met students are within walking distance of the Llandaff campus. 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.