Summary - 102 RHYMNEY STREET CARDIFF CF24 4DG
7 bed 2 bath House
Ready-made income property close to Cardiff University and transport links.
Fully licensed 7-bedroom HMO, freehold
A fully licensed, freehold 7-bedroom HMO in Rhymney Street, CF24, presented as a ready-made income property. Currently fully let and achieving a strong net yield of 8.13%, the house offers immediate cashflow and a proven track record of high occupancy in a prime student rental location close to Cardiff University and local transport.
Internally the property is finished to a good standard with a modern galley kitchen, spacious communal living areas and two bathrooms supporting co-living. At 1,055 sq ft the rooms are well-proportioned for the area and maintained to attract student tenants. The property benefits from fast broadband and excellent mobile signal, important for the tenant demographic.
Buyers should note material drawbacks: the plot and overall property footprint are small with no private garden, and parking is on-street only. The surrounding area is classified as very deprived with a high local crime rate, factors that may affect long-term capital growth and management overheads. This investment suits buyers seeking immediate rental income from a tried-and-tested student HMO, rather than those prioritising outdoor space or low-needs neighbourhoods.
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