Property for sale in Harriet Street, Cathays, Cardiff CF24

Welcome to the perfect investment for the New Year.

A stunning six bedroom HMO located within the Golden Triangle of Cathays. The property is currently tenanted and has been relet for the next academic year 2024/2025. The property is being sold with no chain and provides an income immediately upon purchase.

As your enter the property on the right hand side is bedroom one this room features the bay windows and like all of the rooms a built in wardrobe to maximise the use of space for students, further down the hallways is bedroom two. Under the stairs is a separate toilet, the kitchen living area has been combined to create a lovely open plan feel.

The first floor of the property comprises of a further three bedrooms all with built in wardrobes and the first full bathroom, the second floor of the property comprises of the second full bathroom and a dormer extension to provide adequate space for the sixth bedroom.

Income

Current Rent:

£450 per room not including bills

Per month = £2700

Per Annum = £32,400

2024/2025 Income

£500 Per room not including bills

Per Month £3000

Per annum £36,000

Based upon recent rentals in the area by Uniek Residential we would anticipate a increase in the rent to above £575 entering into 25/26 academic year with the potential to increase to above the £600 per room mark if some minor adaptations are made to the property.