This property has been taken off the market.
7 Bed End Terrace House For Sale Coburn Street, Cardiff, CF24
£425,000- End Terrace
1 of 15
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Last Updated: 31st March 2024
Description
Seven bedroom HMO, located within Cathays Golden Triangle.\r
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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.\r
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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.\r
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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. \r
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The current gross income of the property is £36,600 per year giving the property a 8.6% Yield.\r
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Council Tax band - E\r
Tenure - Freehold ( Please confirm with your solicitor)
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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.\r
\r
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.\r
\r
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. \r
\r
The current gross income of the property is £36,600 per year giving the property a 8.6% Yield.\r
\r
Council Tax band - E\r
Tenure - Freehold ( Please confirm with your solicitor)
Agent Details
Uniek Residential Limited
92 Woodville Road, Cathays, Cardiff, CF24 4ED
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.