Summary - 17 MAY STREET CARDIFF CF24 4EW
6 bed 3 bath Terraced
Turn-key six-bedroom HMO in Cathays — fully let and producing immediate income.
Six double bedrooms, fully let HMO generating £37,260 pa
This fully let, licensed six-bedroom HMO in Cathays is presented as a turn-key investment, producing £37,260 pa and showing a projected yield of just over 8% at the asking price. All rooms are doubles across three floors, with modern communal areas and three bathrooms, and the current tenancy schedule runs until June 2026 — providing immediate income and low void risk for a buyer seeking rental cashflow.
The property combines Victorian character exterior with contemporary interiors: an open-plan kitchen/living area with high-gloss units and French doors, modern bathrooms, and laminate/wood flooring throughout. A small, low-maintenance rear garden is paved and gravelled, suitable for tenants and minimal upkeep. Its central Cathays location places it within easy walking distance of Cardiff University, shops, transport links and local amenities popular with students.
Material considerations are stated plainly: the house is compact overall and sits in an area classed as very deprived with above-average crime levels, factors investors should weigh when assessing risk and insurance. The building’s stone walls are likely uninsulated (period construction circa 1900–1929), which may affect energy efficiency and future refurbishment costs. Street parking only; no off-street parking.
This property suits buyers prioritising reliable rental income in a strong student lettings market. Immediate rental return is the primary attraction; potential buyers should allow for energy-efficiency upgrades, management costs related to the location, and planning any long-term refurbishments around the existing tenancies.
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