Property Details

2 bedroom semi-detached house for sale For Sale

Thesiger Street, Cathays, Cardiff, Cymru / Wales, CF24 4BP, United Kingdom

£210,000

ROI = 9% BMV = 1.06%

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Description

PRIME STUDENT LOCATION. HMO licensed 2/3 bed former coach house in Cathays needing refurbishment. Potential rental income £1,200-£1,400 PCM. Walking distance to Cardiff city centre, shops, bars, and university. Ideal investment opportunity. NO ONWARD CHAIN. Call to book your viewing today. Ideal Investment Opportunity In Cathays - This two/three-bedroom former coach house, located on Thesiger Street in the heart of Cathays, Cardiff, presents an excellent investment opportunity for landlords and investors. With its prime location in a vibrant student area known as the "Golden Triangle," this property is perfect for those looking to expand their rental portfolio. Prime Location - Cathays is a sought-after area for students due to its proximity to Cardiff University, Cardiff Metropolitan University, and the University Hospital of Wales. The property is within walking distance to the city centre, offering easy access to a variety of shops, bars, restaurants, and other amenities. The convenience of this location cannot be overstated, making it a top choice for student tenants. Property Overview - This semi-detached coach house is HMO licensed, ensuring it meets the necessary requirements for multiple occupancies. The property offers flexible living arrangements with the option to use either two or three bedrooms, depending on the tenant's needs. The spacious reception room, modern kitchen, and well-appointed bathroom provide comfortable living spaces for tenants. The property does require refurbishment work, offering a unique opportunity for investors to add value and personalise the space to meet tenant demands. Accommodation Details - Entrance Hall: Provides access to all rooms on the ground floor and stairs leading to the first floor. Reception Room: A generous living space. Kitchen: Fully fitted with a range of modern wall and base units, oven, gas hob, and space for appliances. The kitchen is designed for practicality and convenience. Bedrooms: Three good-sized double bedrooms, each offering ample space for furniture and storage. Bathroom: Features a bath with overhead shower, WC, and wash hand basin. Investment Potential - The property is currently generating a rental income between £1,200 and £1,400 per month, making it a lucrative investment. Its location in the Golden Triangle, known for high rental demand, ensures a steady stream of potential tenants, particularly students. This ready-made investment property is an attractive option for both first-time landlords and experienced investors looking to expand their portfolio. Corporate Sale - As a corporate sale, the property is sold as seen, offering a straightforward purchasing process. The double-glazed windows and gas central heating (not tested) add to the property's appeal, providing additional comfort and energy efficiency. Transport Links - Cathays boasts excellent transport links, with regular bus services and the nearby Cathays train station providing easy access to Cardiff city centre and beyond. For those who drive, the property is well-connected by road, offering quick routes to major motorways and nearby cities. Local Amenities - The property is situated close to a range of local amenities, including supermarkets, cafes, and retail shops. The vibrant nightlife of Cathays, with its array of bars and clubs, is a significant draw for students, making this property even more desirable. Conclusion - This two/three-bedroom former coach house on Thesiger Street is a prime investment opportunity in a high-demand rental area. Its proximity to Cardiff University, the city centre, and a host of local amenities make it an attractive option for student tenants. With potential rental income of up to £1,400 per month and a straightforward corporate sale process, this property is a must-view for any serious investor. Note that the property requires refurbishment work, presenting an excellent opportunity to add value. Contact Harry Harper Sales & Lettings today to arrange a viewing and secure this fantastic investment property. Council Tax - Band D, Tenure - We have been advised by the Vendor that the property is FREEHOLD.

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