5 bed property for sale

May Street, Cathays, Cardiff CF24

Investment opportunity | £360,000 | 9.33% gross yield | fully furnished & tenanted

Turnkey 5-bedroom licensed HMO in the heart of Cathays’ coveted "Golden Triangle". Sold fully furnished as an ongoing going concern, with fixed tenancy secured until 30th June 2028 producing £2,800 pcm (£33,600 pa). Zero initial void periods, full Cardiff Council HMO licence valid until September 2029, EPC C, and complete compliance pack (eicr, gsc, fra, lra) on file for rapid exchange.

Commercial Overview & Turnkey Going Concern

Offered to the market as a fully established, hands-off student investment, 5 May Street represents a rare opportunity to acquire a performing 5-bedroom licensed HMO in the absolute center of Cathays' prime student "Golden Triangle".

Priced at £360,000, the asset delivers an immediate 9.33% gross yield, generating £2,800 per calendar month (£33,600 per annum).

The property is sold with all existing furnishings, integrated white goods, and inventory included, alongside an active tenancy agreement locked in until 30th June 2028. An incoming purchaser benefits from immediate day-one rent collection on legal completion, with zero voids, zero re-letting or marketing fees, and no capital outlay required for furnishing.

Due to strict C4 HMO planning thresholds in Cathays, fully licensed 5-bed stock in this micro-location commands exceptionally high capital protection and consistent, unbroken student letting cycles.

Financial Profile

Asking Price: £360,000 (Freehold)

Contracted Rent: £2,800.00 pcm (£33,600.00 pa)

Gross Yield: 9.33%

Tenancy Duration: Fully let until 30th June 2028 (Tenancy included in sale)

Inventory / Furniture: 100% included in the purchase price

Specification & Capital Expenditure

Comprehensively renovated five years ago, the property was engineered specifically for low-maintenance, high-occupancy student letting:

Interlinked hardwired smoke and heat detection system.

Hard-wearing flooring throughout high-traffic circulation and communal zones.

Solid EPC Rating C (96 sq m footprint), safeguarding the asset against future minimum energy efficiency standards.

Accommodation Breakdown (Fully Furnished)

Ground Floor:

Entrance Hallway: Fire-door compliant circulation hallway leading through to ground-floor living quarters.

Bedrooms 1 & 2: Two double bedrooms, fully equipped with double beds, mattresses, wardrobes, and integrated study desks.

Shower Room 1: Neatly positioned between the two front bedrooms, fitted with a shower cubicle, wash hand basin, and W/C.

Fitted Kitchen: Contemporary kitchen with electric hob, integrated oven, extractor hood, fridge/freezer, sink, and dual breakfast bars with stools. Direct access out to the bike storage courtyard.

Living Room: Dedicated communal lounge complete with sofas and furnishings, featuring double French doors opening out to the rear garden.

First Floor:

Bedrooms 3,4 & 5: Three further fully furnished double study bedrooms with neutral carpets, double beds, wardrobes, and custom desks. The large front bedroom spans the full width of the elevation with generous proportions.

Bathroom & Separate W/C: Contemporary bathroom suite comprising bath with overhead shower, wash hand basin, and toilet, complemented by an additional separate W/C room positioned between bedrooms (providing 2 bath/shower facilities and 3 toilets across the property).

External:

Rear Grounds: Private, two-tiered gravelled courtyard designed specifically for zero-maintenance upkeep.

Bike Storage: Separate enclosed side courtyard providing secure, off-street bicycle storage.

Location & Macro Fundamentals

Cathays remains Wales' most resilient student micro-market. May Street is situated within walking distance of key academic institutions and local hubs:

Cardiff University Main Campus: 0.6 miles

Cathays Railway Station: 0.5 miles

Queen Street Station: 1.0 miles

University of South Wales: 1.3 miles

Local Amenities: 1-minute walk to Sainsbury’s Local, with The Woodville, The Crwys, and Stag Coffee on the doorstep.

Conveyancing & Compliance Pack

A full legal and safety pack is on file and ready to be issued to the buyer’s solicitor:

Cardiff Council HMO Licence: Ref 526864 (Full 5-person licence valid to 09/09/2029).

Electrical Safety (eicr): Satisfactory certificate on file (valid through 25/11/2027).

Gas Safety (gsc): Current annual CP12 certificate.

Risk Assessments: Certified Fire Risk Assessment (fra) and Legionella Risk Assessment (lra).

EPC: Band C.

Tenure: Freehold.