Summary - 74 RHYMNEY STREET CARDIFF CF24 4DG
4 bed 1 bath Terraced
High-yield student HMO with tenancy until June 2026 and HMO licence to 2029.
Currently let to students at £2,060 pcm (£24,720 pa)
A central Cathays HMO generating immediate income and a strong headline yield for investors. This mid-terrace four-bedroom property is currently let at £2,060 pcm (£24,720 pa) with a reported ROI of 8.5%, an HMO licence in place until 2029, and a tenancy that runs to June 2026 — providing predictable cashflow from day one.
Internally the layout is arranged for shared occupancy: a semi open-plan living/kitchen, generous bedrooms across three levels and a single bathroom. The kitchen is modern and functional, bedrooms are furnished and sized for student lets, and the property has double glazing and mains gas central heating. Its location in Cathays places it within easy walking or cycling distance of Cardiff University and local campuses, maintaining strong rental demand.
Buyers should note the material limitations: there is just one bathroom for four tenants, no private garden and only on-street parking. The street and wider area are classed as high crime and very deprived, which can affect management overheads and long-term capital growth. The building dates from before 1900 and external walls are assumed uninsulated, so further energy-efficiency improvements could be required to raise EPC beyond the current D rating.
This property suits a hands-on investor seeking immediate rental income from student tenancies. It offers reliable returns with scope to improve efficiency and yields, but expect ongoing management responsibilities, potential refurbishment costs to improve energy performance, and limited scope for family or owner-occupier conversion without significant changes.
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