End terrace house for sale in Coburn Street, Cathays, Cardiff CF24

Seven bedroom HMO, located within Cathays Golden Triangle.

Are you looking to purchase a new student HMO? This wonderful seven bedroom is located within one of the most desirable streets in Cathays. After more than 20 years of ownership the current owner has not had a single period the property has not been rented out.

The property comprises of seven bedrooms and three bathrooms, the ground floor comprises of the first bedroom, a cloakroom, kitchen and living room with access to a large garden which is part paved and part turf. The first floor comprises of one bathroom and a separate shower room and four bedrooms. The second floor comprises of two bedrooms and one bathroom.

The property would benefit from cosmetic work to the interior to increase the potential income of the property in the next academic year. The property is currently fully let until 2024 and is achieving between £425 - £450 per room per calendar month. With investment into the property an investor could look to achieve between £500 - £550 per room pcm.

The current gross income of the property is £36,600 per year giving the property a 8.6% Yield.

Council Tax band - E
Tenure - Freehold ( Please confirm with your solicitor)