Fully let block of five flats delivering £48,720 pa
A compact, fully let investment block of five self-contained flats in the heart of Cathays, directly behind Cardiff Students’ Union. The building delivers a current annual income of £48,720 (gross) and a stated yield of about 8.1%, making it a straightforward student-let investment in a consistently in-demand location for university tenants.
The property is a mid-terrace Victorian building (circa 1900–1929) with high ceilings and period character. All five units are occupied on fixed-term tenancies staggered through 2026, providing immediate rental cashflow. The freehold title, mains gas central heating and double glazing (install date unknown) simplify management compared with leasehold blocks.
Buyers should note this is a small block (approx. 377 sq ft in total) in a very deprived, student-dominated neighbourhood. That brings reliable demand but also typical student-let drawbacks: higher wear-and-tear, frequent tenant change and potential for noise or anti-social issues. The building’s walls are the original sandstone/limestone with assumed lack of cavity insulation, so energy efficiency improvements and refurbishment work may be needed to reduce long-term running costs and improve EPC.
This opportunity suits investors seeking immediate income from student lettings and a building with upsides from location and period appeal. It will require ongoing active management and potential capital expenditure to future-proof heating, insulation and communal areas.
