Property Details

4 bedroom house for sale For Sale

Norman Street, Cathays, Cardiff, Cymru / Wales, CF24 4NT, United Kingdom

£260,000

ROI = 11% BMV = 1.92%

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Description

REF: 19414007 4 BEDROOM HMO -1 FULL BATHROOM - ASKING PRICE £260,000 - TENANCY IN PLACE UNTIL JUNE 2025 - CURRENTLY ACHIEVEING £20,640 PA - 8% ROI - DESIREABLE LOCATION - GREAT INVESTMENT PROPERTY Sales & Lettings Angels are thrilled to offer this 4-bedroom HMO located in the heart of Cathays for offers over £260,000. The property consists of 4 spacious bedrooms, living room, kitchen, bathroom and rear garden, it has great potential to be renovated for anyone looking to take on a project. Likewise, for those new to the HMO market this would be an ideal investment property. This 4-bedroom house is fully HMO compliant with its license being renewed in November 2023. The current tenancy will be ending June 2025 and is achieving a rental income of £1,720 per calendar month., at the current rental price the property is generating a return of 7.9%. As you enter the property you are immediately greeted into the main hallway, from here you will find the living room which has been furnished with two sofas and a coffee table. Next door is the first of the four bedrooms and on from here towards to back of the property is the kitchen. The kitchen includes a gas hob oven, fridge/freezer, washing machine and plenty of storage space. The bathroom can be found at the rear of the property, it includes a bath with overhead shower, toilet and wash basin. All bedrooms are similar of a similar size and have been fitted with double beds, wardrobes, desks and additional storage facilities. The whole property has been decorated neutrally throughout and the kitchen and bathroom have been finished with coloured tiles. There is a generous size garden at the rear of the property, currently it is split between a small paved area and the remaining fitted with grass. You will see that neighbouring properties have built into their garden to extend the back of the house and maximise on space. Norman Street is situated just off Crwys Road and is a short distance from City and Albany Road. It is a hugely sought after location due to the ease of access to all the local amenities. The surrounding roads offer a range of pubs, food shops, restaurants and takeaways. The city centre is just a 20 minute walk away and buses can be caught every couple of minutes from Albany Road to get you wherever you want to be, in and around the city. Additional Distances.. Cardiff University - 15 minute walk University Hospital of Wales - 27 minute walk. Cathays Train Station - 11 minute walk Monthly rent £1,720 (£430 per person) EPC Rating: D (expires May 2023) Council tax band: E EICR: expires: 2nd September 2025 Gas safety: expires: 22nd July 2025 HMO Expiry: November 2028 If you have any questions about the property or would like to arrange a viewing then please give one of our angels a call on or email us at Living Room - 3.167 x 2.856 (10'4" x 9'4") - Bedroom 1 - 3.312 x 2.403 (10'10" x 7'10") - Kitchen - 3.424 x 2.707 (11'2" x 8'10") - Bathroom - 1.953 x 1.643 (6'4" x 5'4") - Rear Garden - 7.511 x 4.221 (24'7" x 13'10") - Bedroom 2 (Ffr) - 3.500 x 2.726 (11'5" x 8'11") - Bedroom 3 (Ffm) - 3.317 x 2.401 (10'10" x 7'10") - Bedroom 4 (Fff) - 3.181 x 4.038 (10'5" x 13'2") -

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