Richards street

High-Yield Investment Opportunity: 9-Bedroom Student House on Richards Street, Cathays, Cardiff

Presenting a fantastic opportunity to acquire a 9-bedroom student property located on the highly sought-after Richards Street in Cathays, Cardiff. With an annual rental income of £57,240, this property offers substantial returns and significant potential for future value appreciation.

Property Highlights:

• 9 Generous Bedrooms: Each of the nine bedrooms is well-proportioned, providing ample space for students to study and relax. The layout ensures privacy while promoting a communal living environment.
• 3 Bathrooms: The property includes three functional bathrooms, each equipped with a shower, toilet, and sink, conveniently positioned to serve the needs of the household.
• Spacious Communal Areas: The property features a large living room that serves as a perfect social hub for tenants. It’s an inviting space for relaxation, group activities, and entertaining guests.
• Fully Equipped Kitchen: A sizeable kitchen with plenty of storage, counter space, and essential appliances, designed to accommodate the cooking needs of a large student household.
• Outdoor Space: A private rear garden provides a pleasant outdoor area for tenants, ideal for barbecues, studying outside, or enjoying a break in the fresh air.
• Prime Location: Situated in the heart of Cathays, this property is within walking distance of Cardiff University, making it highly attractive to students. Additionally, it is close to local amenities, cafes, shops, and excellent transport links.
• Current Rental Income: The property is fully let, generating a strong rental income of £57,240 per annum, offering immediate returns on investment.
• Fully Licensed HMO: The property is a licensed HMO (house of multiple occupation)

Potential for Enhancement:

While the property is currently let and generating significant income, it would benefit from some refurbishment and modernization. With a bit of work, there’s an opportunity to increase rental value and improve tenant satisfaction, further boosting the property’s appeal and profitability.

Investment Appeal:

Cathays remains one of Cardiff’s most popular student districts, ensuring consistent demand and low vacancy rates. This property, with its substantial number of bedrooms and prime location, represents an ideal investment for those looking to enter or expand within the student rental market.

Schedule a Viewing Today!

Don’t miss out on this high-yield investment opportunity. Contact us today to arrange a viewing and explore the potential this property has to offer.