Extended, seven bedroom HMO property in very popular Roath location in reasonable order but in need of some decorative improvement. Current gross income of £49,400pa (£4120pcm) including bills representing an Initial Gross Yield of 14.1%.
The terraced property is briefly arranged as an entrance hall, two bedrooms, bathroom and WC with a large open-plan kitchen/dining and living room to the rear. Upstairs there are five further bedrooms and a further bathroom/WC. As mentioned the property appears to be in reasonable order but could benefit from some decorative updates throughout. However the property does benefit from uPVC windows throughout and central heating provided by a modern combi boiler (not tested).
Outside there is a front and rear yard and we are informed there was formerly a double garage to the rear which could be reinstated subject to any necessary consents and could be accessed via the rear lane.
Please see the full 3D VR tour once available.
GF - Hall. Two bedrooms, bathroom, WC, living/dining/kitchen area.
FF - Landing, five bedrooms, bathroom, WC.
OS, Front and rear yard, plot of former rear garage.
Informed Freehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel and Co – www.seelandco.com/auctions
Buyer's Premium - 1.20% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Auctioneers Office, Seel and Co (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 4 February 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 3 February and conclude in order from Lot 1 at 4:00 pm on Tuesday, 4 February 2025
We've partnered with Cornerstone Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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