6 bed property for sale

Malefant Street, Cathays, Cardiff CF24

Ref: 19651015
Matterport available


6 bedroom HMO - investment property - occupation contract in place until 28th June 2027 - HMO licence valid until 2029 - 8.69% ROI - current rent is £3,150 - 2 bathrooms split across 3 rooms - great location for student or professional tenants

Nestled in the vibrant area of Cathays, Cardiff, this impressive six-bedroom house presents an excellent investment opportunity. Located on Malefant Street, the property is well-suited for those seeking a high-yielding asset in a bustling student and professional rental market.

The house boasts a spacious reception room, perfect for communal gatherings or relaxation. With six generously sized bedrooms, it offers ample space for tenants, ensuring comfort and privacy. The property features two bathrooms, conveniently split across three rooms, catering to the needs of its occupants and enhancing the overall living experience.

Currently, there is an occupation contract in place, providing a secure income stream until 28th June 2027. This arrangement not only guarantees immediate returns but also allows for strategic planning for future investments. With an impressive return on investment of 8.69%, this property stands out as a lucrative option for discerning investors.

In summary, this six-bedroom HMO on Malefant Street is a remarkable opportunity for those looking to expand their property portfolio in Cardiff. With its prime location, spacious layout, and solid financial returns, it is a must-see for anyone interested in the rental market.

85 Malefant Street, Cathays, Cardiff, CF24 4QD
6 Bedroom HMO Investment | £435,000 Asking Price | 8.69% Gross Rental Yield

An excellent opportunity to acquire a fully licensed six-bedroom HMO investment property in the highly sought-after Cathays area of Cardiff.

Currently producing £3,150 per calendar month (£37,800 per annum) from six occupants, the property offers an attractive gross rental yield of approximately 8.69% based on the asking price of £435,000.

Importantly for investors, the property is already occupied under a current contract running until 28th June 2027, providing a buyer with an established income stream and excellent medium-term rental security.

Investment Highlights
Asking Price: £435,000
Current Rental Income: £3,150 pcm
Annual Rental Income: £37,800
Gross Rental Yield: 8.69%
6 double bedrooms
6-person HMO
Currently occupied by six tenants
Existing contract until 28th June 2027
HMO licence valid until 24th July 2029
Gas Safety Certificate valid until 30th June 2027
eicr valid until 7th July 2030
EPC valid until 25th April 2031
Low-maintenance rear patio garden
Excellent location for Cardiff's student and professional rental market
Property Description

The property is arranged over two floors and has been configured to provide six generously proportioned double bedrooms, making it an attractive proposition for investors seeking a ready-to-go HMO with established rental income.

The ground floor comprises two double bedrooms, a convenient WC and a spacious open-plan kitchen/diner, providing a practical communal area for the occupants.

To the rear is a low-maintenance patio garden, ideal for shared use and requiring minimal upkeep. The washing machine is conveniently located within an external shed.

The first floor provides a further four double bedrooms, together with two shower/bathroom facilities. There is a main bathroom incorporating a shower cubicle, WC and wash basin, alongside a separate shower room. This provides two bathroom facilities across the first floor and helps cater effectively for the six-person occupancy.

HMO Investment Opportunity

The property represents a particularly attractive investment opportunity for both experienced HMO landlords and investors looking to add a professionally configured property to their portfolio.

With six double bedrooms, established occupancy and an existing contract through to June 2027, the property offers an immediate income-producing investment without the requirement to undertake a full letting campaign upon completion.

At the current asking price of £435,000, the annual rent of £37,800 equates to a gross rental yield of 8.69%.

The current rental income can be summarised as:

£3,150 pcm × 12 months = £37,800 per annum

£37,800 ÷ £435,000 × 100 = 8.69% gross yield

This equates to an average rental income of approximately £525 per room per calendar month across the six bedrooms.

The quoted 8.69% figure represents the gross rental yield before mortgage interest, management fees, utilities, maintenance, insurance, licensing costs, taxation and other ownership expenses. Net return will depend on the purchaser's individual circumstances and operating costs.

Compliance & Documentation

The property benefits from a number of long-dated compliance certificates and licensing arrangements, providing additional reassurance to an incoming investor:

HMO Licence: Valid until 24th July 2029
Gas Safety Certificate: Valid until 30th June 2027
eicr: Valid until 7th July 2030
EPC: Valid until 25th April 2031

Cardiff Council's HMO register also records 85 Malefant Street as a six-person shared house, consistent with the property's current HMO configuration.

Location

Situated in Cathays, 85 Malefant Street is positioned within one of Cardiff's established student and professional rental areas. Cathays is popular with tenants due to its proximity to Cardiff's universities, city centre amenities, transport links and extensive range of shops, bars, restaurants and leisure facilities.

The location has historically been well suited to HMO accommodation, making this an appealing proposition for investors looking for a property with strong underlying rental demand.

The Opportunity

For an investor seeking a six-bedroom, licensed HMO with tenants already in situ, an established income stream and a current gross yield approaching 9%, 85 Malefant Street represents an attractive opportunity.

With £37,800 of current annual rental income against an asking price of £435,000, together with the existing contract through to June 2027 and HMO licence extending to July 2029, this is a compelling addition to a Cardiff investment portfolio.

Guide Price: £435,000

Current Rent: £3,150 pcm | £37,800 pa

Gross Rental Yield: 8.69%

6 Bedrooms | 6-Person HMO | Occupation Contract Until 28th June 2027