Welcome to the perfect investment for the New Year.\r
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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.\r
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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.\r
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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.\r
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Income\r
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Current Rent: \r
£450 per room not including bills \r
Per month = £2700\r
Per Annum = £32,400\r
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2024/2025 Income\r
£500 Per room not including bills\r
Per Month £3000\r
Per annum £36,000\r
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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.