This property has been taken off the market.
7 Bed Of Multiple Occupation House For Sale Richards Street, Cardiff, CF24
£495,000- Of Multiple Occupation
1 of 7
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Last Updated: 15th April 2024
Description
Uniek Residential are proud to offer to the market this exclusive seven bedroom HMO located in Cathays Golden Triangle.\r
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This stunning property has recently under gone extensive redevelopment and has been finished to a high standard. The property has offers an expansive kitchen living space making it ideal for students. The downstairs of the property comprises of one bedroom downstairs featuring the bay window, in-between the first and second bedroom is a bathroom which has been tiled from floor to ceiling and comprises of a large walk in shower, toilet and basin. The second bedroom offers a double room which has a door leading to a small enclosed courtyard. Leading to the rear of the property is the large open plan kitchen living space which offers over 11 meters of space. The kitchen has also been finished to a high specification with tiled flooring and access to the rear garden. A separate room has also been created to house the boiler for the property.\r
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The first floor of the property offers a large open landing space offering a great space for use for extra storage. There are two bathrooms both finished to a high standard with floor to ceiling tiles with a shower, basin and toilet. The third bedroom features a laminate wood flooring and views over the garden. The four bedroom also offers views to the rear of the property, the fifth bedroom offers two windows overlooking Richards Street and ample bedroom space.\r
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Leading to the loft extension the final two bedrooms offer both double rooms and velux windows on the front of the property in the seven bedroom.\r
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The property is currently vacant and would make an ideal investment opportunity. We anticipate the following income on the property for the following academic years.\r
\r
2024/2025 Academic Year\r
£550 per room excluding bills.\r
£3850 per month\r
£46,200 per annum\r
9.3% Gross Yield\r
\r
2025/2026 Academic Year\r
£625 Per room excluding bills - Based on recent rentals achieved for 2024/2025 academic year on the street.\r
£4375 per month\r
£52,500 per annum\r
10.6% Gross Yield\r
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For further information or to arrange a viewing please contact us as soon as possible.
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This stunning property has recently under gone extensive redevelopment and has been finished to a high standard. The property has offers an expansive kitchen living space making it ideal for students. The downstairs of the property comprises of one bedroom downstairs featuring the bay window, in-between the first and second bedroom is a bathroom which has been tiled from floor to ceiling and comprises of a large walk in shower, toilet and basin. The second bedroom offers a double room which has a door leading to a small enclosed courtyard. Leading to the rear of the property is the large open plan kitchen living space which offers over 11 meters of space. The kitchen has also been finished to a high specification with tiled flooring and access to the rear garden. A separate room has also been created to house the boiler for the property.\r
\r
The first floor of the property offers a large open landing space offering a great space for use for extra storage. There are two bathrooms both finished to a high standard with floor to ceiling tiles with a shower, basin and toilet. The third bedroom features a laminate wood flooring and views over the garden. The four bedroom also offers views to the rear of the property, the fifth bedroom offers two windows overlooking Richards Street and ample bedroom space.\r
\r
Leading to the loft extension the final two bedrooms offer both double rooms and velux windows on the front of the property in the seven bedroom.\r
\r
The property is currently vacant and would make an ideal investment opportunity. We anticipate the following income on the property for the following academic years.\r
\r
2024/2025 Academic Year\r
£550 per room excluding bills.\r
£3850 per month\r
£46,200 per annum\r
9.3% Gross Yield\r
\r
2025/2026 Academic Year\r
£625 Per room excluding bills - Based on recent rentals achieved for 2024/2025 academic year on the street.\r
£4375 per month\r
£52,500 per annum\r
10.6% Gross Yield\r
\r
For further information or to arrange a viewing please contact us as soon as possible.
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.