Summary - 57 WYEVERNE ROAD CARDIFF CF24 4BG
6 bed 3 bath Semi-Detached
Turnkey HMO next to Cardiff University — immediate income with attic expansion potential..
Six double bedrooms arranged as a licensed HMO (income-producing)
Annual rental income £34,200 (2025–26); ERV £36,000 p.a.
Two bedrooms with en-suite showers; one communal bathroom
Prime location next to Cardiff University; high tenant demand
Potential to add 1–2 attic bedrooms (subject to planning)
Small overall footprint and modest rear garden; limited outdoor space
Street parking only; no private off-street parking
Stone walls likely uninsulated; possible retrofit/modernisation needed
A ready-made HMO positioned next to Cardiff University, this six double-bedroom semi-detached offers immediate rental income and strong student demand. Current contracted income is £34,200 p.a. (2025–26), with an estimated ERV of £36,000 p.a., delivering roughly a 9% yield at the asking price. Two bedrooms have en-suite showers and communal spaces are open-plan and maintained, making it attractive to tenants and straightforward to manage.
Practical upside includes potential to add 1–2 bedrooms by converting the attic (subject to planning), which could increase revenue further. There is a small rear garden and on-street parking; the property is sold freehold with no onward chain. Its location in Cathays’ Golden Triangle ensures high letting demand, especially from students and university workers.
Notable drawbacks are factual and should influence purchase decisions: the plot and overall internal size are small, council tax bands are above average, and the building appears to have original stone walls with no confirmed insulation upgrade. The area scores as very deprived, which correlates with strong rental demand but also with local socio-economic challenges. Buyers should allow budget for potential modernisation, insulation improvement and any HMO compliance checks required post-sale.
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