** INVESTMENT PROPERTY** IDEAL LOCATION** 3 BEDROOM HMO** FIXTURES AND FURNISHINGS INCLUDED** LET FOR ACADEMIC YEAR 2019-2020** PRICE REDUCTION**
Sales & Lettings Angels are delighted to offer this fantastic opportunity to either expand an existing portfolio or for a first time buyer in the HMO market to build their portfolio.The property has already been let for the next academic year (2019-2020 please note this tenancy cannot be rescinded) -property rents fully occupied each year and given the location the demand is unlikely to lessen- with a rental income achieving £915 per calendar month.
The three bedroom property is located on Rhymney Street which is a very POPULAR student location and this mid terrace property with NO UPWARD CHAIN. The current tenancy ends 30/06/2019 and the property would achieve a yield of 5.6%.
The property is ideally positioned to take advantage of the local amenities that Salisbury Road and City Road has to offer along with excellent links to the City Centre. The property a mere 10 minute walk to Cardiff University Main Campus and Student union. The closest train station is Cathays Train Station, only a 8 minute walk from the property. The nearest supermarket is Tesco on Salisbury Road and Roath park is extremely close by which is arguably the most gorgeous park in Cardiff.
Distances to local Universities:
Cardiff University Main Building - 0.5 miles away
USW Atrium - 1.0 miles away
Cardiff Met Llandaff - 2.0 miles away - Buses available hourly - M1, M2, M3, M4
Cardiff Met Cyncoed - 1.9 miles away - Buses available hourly - M1, M2, Route 52
University Hospital of Wales - 1.6 miles away
Distances to local train stations..
Cathays - 6 minute walk, 2 minute cycle
Cardiff Central - 25 minute walk, 9 minute cycle
Queen Street - 12 minute walk, 6 minute cycle
The property is fully HMO complaint and the following certificates are available for any prospective buyers:
Gas certificate due: February 2019
Electricity certificate due: August 2021
HMO Licence due: September 2021
EPC due: November 2028
The layout of the property offers an entrance hall, downstairs double bedroom, lounge, separate galley style kitchen, downstairs bathroom and to the first floor to further bedrooms.
All bedrooms are double size and contents of the property is included in the sale price.
Whilst there is no known major work required at the property - there is development potential to increase the current return by carrying out general upgrades to the bathroom and kitchen, as well as generic cosmetic improvements.
There may also be the scope to extend the property into the attic space subject to consents being obtained.
On entering the property, the hall leads upstairs to the first floor of the building and is laminated throughout. The hallway has a radiator and on your left you will find the first bedroom and then access to the living area and kitchen.
This area is light and spacious with a square window to the rear of the room, looking into the garden. The room has plenty of room for tenants with a radiator, coffee table, two comfortable black leather sofas, rug and a TV stand. There is additional storage space under the stairs.
This room has monochrome tiling throughout, giving a modern feel and making it practical to keep clean. There is a variety of matching range of wall and base units with laminated worktops with a stainless steel sink with a mixed tap. There is an electric cooker, hob, extractor fan and fridge/freezer for preparation and storage of food. The wall mounted combination boiler was installed in March 2015 and within the kitchen there is a large window so although this room is located at the rear of the property there is still plenty of natural light.
The bathroom comprises of a panel bath with a mains electric powered shower over, pedestal wash hand basin and WC, fully tiled walls, extractor fan and frosted window to the side elevation.
Located on the ground floor at the front of the house, this room has a large window to the front elevation fitted with curtains and black-out blinds. Complete with a radiator, this room is furnished with a bed frame, mattress, chest of drawers, desk, chair and wardrobe. The room also houses the meters for the property. All bedrooms are carpeted with a neutral dark brown pile carpet, which is very durable.
On the first floor, as the first bedroom you come to towards the rear of the property this room is a great area for studying. The bedroom is carpeted with a radiator and fully furnished with a bed frame, mattress, white chest of drawers, white desk, chair and wardrobe.
This double bedroom is light and spacious at the front of the property. With large windows to the front elevation, the room is fitted with curtains and black-out blinds, has two radiators and is fully furnished. It comprises of a bed frame, mattress, side table, white chest of drawers, desk, chair and wardrobe for storage of belongings. The carpet gives the room a warm and welcoming feel.
A low maintenance, level, enclosed garden can be found to the rear of the property. Please note there is no cope to extend into the garden.
We would ask all potential buyers to supply their photo ID, a proof of address dated within the last 3 months and proof of their mortgage funds/mortgage offer to email@example.com to ensure that your offer can be processed as quickly as possible. No offers will be put forward to our client without these documents.
To arrange a viewing appointment please contact us via firstname.lastname@example.org or call us on 02922 331 425