Property for sale in May Street, Cathays, Cardiff CF24

Ref: Bedroom HMO – 2 full bathrooms & seperate W/C - sale price £345,000 - current let £400 pcm pp increasing to £450 pcm pp – let until June 2025 - 7.8% return on investment - immaculate condition - private rear garden - prime location - great investment property

Sales & Lettings Angels are delighted to offer this 5-bedroom terraced property in the golden triangle. The property is in a desirable location and would make a great addition to an existing portfolio or as an easy first investment property. This modern and immaculately presented property is in a league of it's own. The layout of the property has been carefully designed and finished, to provide tenants with practical living spaces.

This 5-bedroom house is fully HMO compliant with its license being renewed at the beginning of 2024. The current tenancy will be ending 28th June 2024 and is achieving a rental income of £2,000 per calendar month. The current rental price is achieving a yield of 7% but will be increasing to 7.8% as of the next academic year with a rental increase of £2,250 pcm.

The property comprises of two floors and a private rear garden. One the ground floor you can find two of the bedrooms along with a bathroom, kitchen and main living area. The first floor hosts the remaining bedrooms along with another bathroom and separate W/C.

At the front of the house you will find two of the five bedrooms along with the first bathroom. Both bedrooms are of a similar size and offer all the same furniture, the rooms have been neutrally decorated to maximise the space. Conveniently in between the two bedrooms is a small bathroom made up of a wash basin, toilet and shower cubicle. On from the bedrooms towards to back of the property is the kitchen, the kitchen includes an electric hob, oven, sink, fridge/freezer with a modern decor and two breakfast bars. The living area offers a homely/cosy feel and has been decorated to match to rest of the house, there is glass french doors opening out into the garden at the rear of the property. Additionally, there is another door on the other side of the living room which takes you into a small courtyard ideal for bike storage.

The first floor is host the the remaining bedrooms, bathroom and W/C. Whilst two of the bedrooms on the first floor mimic the ones of the ground floor in size, the front bedroom is much bigger allowing for more furniture. All bedrooms are fitted with double beds, wardrobes, custom built desks or side tables and are carpeted a neutral brown throughout. The second bathroom includes a wash basin, toilet and bath with overhead shower, the W/C has been fitted to a similar style and is positioned between two of the bedrooms.

The garden has two gravelled levels and plenty of outside seating space, this is a low maintenance garden making it ideal for students and landlords.

Being located on May Street, the property is within a stones throw from Cardiff University, with Sainsbury's being a 1 minute walk around the corner it has everything needed for students. With the Woodville Pub, the Crwys Pub, Wiwo Noodle Bar, Dominos and Stag Coffee all being popular with students.

Distances to Universities:

Cardiff University: 0.6 miles away
Cardiff Metropolitan University, Cyncoed: 1.6 miles away
Cardiff Metropolitan University, Llandaff: 1.9 miles away
University of South Wales: 1.3 miles away

Distances to Train Stations:
Cathays: 0.5 miles away
Queen Street: 1.0 miles away
Cardiff Cental: 1.6 miles away

** floorplan measurements not to scale please disregard**

EPC: C
Council Tax Band: D
eicr: Expires 25/11/2027
Gas safety: Expires 22/05/2025
HMO Expiry: Recently renewed will expire 2028

All certification can be provided upon request.

Should you wish to view the property, Proof of id and Proof of Funds may be required, but please call on for any additional information.

Main Hallway

Bedroom 1

Bathroom

Bedroom 2

Kitchen

Living Room

First Floor Hallway

Bedroom 3

Bathroom 2

Bedroom 4

W/C

Bedroom 5