Talworth Street, Roath, Cardiff
- PROPERTY TYPE
Terraced
- BEDROOMS
4
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Fully licensed HMO trading successfully since 2014
- Sitting tenants - four professionals, rent up to date, immediate income
- 9.45% gross yield / 7.37% net yield on £275,000
- Prime Roath location near universities, hospital & city centre
- Modern kitchen, furnished rooms, double glazed, gas central heating
- Loft conversion potential for additional rental income (STP)
Description
Conveniently positioned for local shops, restaurants and takeaways, with excellent transport links and an easy walk into Cardiff city centre and Queen Street Station, this well-presented property has operated successfully as an HMO since 2014 and benefits from a full HMO licence.
The accommodation comprises an entrance hall, spacious living room, separate dining room and a modern fitted kitchen to the ground floor, with three further bedrooms and a family bathroom to the first floor - four lettable bedrooms in total, each furnished with a large wardrobe, chest of drawers, bedside cabinet, desk and chair, with beds ranging from small double to king size.
The shared kitchen is well equipped with a built-in fridge freezer, oven, combi microwave, hob, dishwasher and washing machine, plus a tumble dryer and an additional fridge freezer. The bathroom includes a bathtub with shower over, and the lounge/diner offers a wall-mounted TV with unlimited Virgin broadband. Further storage is provided in the lounge and off the landing, along with a large loft with retractable ladder offering scope for additional rental space, subject to consents.
Outside, there is a small south-facing rear garden and a front forecourt. The property is double glazed throughout with gas central heating and hot water via a combi boiler.
The property is currently let to four sensible, professional housemates with all rent up to date, offering an incoming investor a seamless transition and immediate income from completion.
Generating a gross annual rental income of £25,980 and a net annual profit of £20,263 after bills, this represents a gross yield of 9.45% and a net yield of 7.37% on the asking price. Comparable standard residential sales in the area support the valuation for buy-to-let mortgage purposes.
An excellent turnkey investment for buyers seeking a strong, established rental income in a highly sought-after Cardiff location. Viewing strictly by appointment, in consideration of the existing tenants.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Talworth Street, Roath, Cardiff
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Visit our security centre to find out moreDisclaimer - Property reference talworth-street. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.