Hirwain Street, Cathays, Cardiff, CF24 4JG

Hirwain Street, Cathays, Cardiff | Guide Price: £450,000 | Gross Yield: 10.36%

A turnkey, high-yielding 7-bedroom student HMO generating £3,885 pcm (£46,620 pa, bills excluded) with income secured under contract until 30th June 2028—delivering immediate cash flow with zero void risk.

Spanning three storeys in an Article 4 protected area, this fully licensed property features seven furnished double bedrooms, two modern bathrooms plus a guest W.C., a substantial open-plan kitchen/lounge with dishwasher, and a low-maintenance paved rear garden. Positioned in the heart of Cathays, under 10 minutes’ walk from Cardiff University SU and Cathays train station. An exceptional, defensive hands-off investment.

Freehold | Gross Initial Yield: 10.36%

The Opportunity

An exceptional opportunity to acquire a fully operational, high-yielding 7-bedroom mid-terrace HMO in the core of Cathays—Cardiff’s leading student letting market.

Extended and converted over three full storeys via an approved dormer loft conversion and a ground-floor rear extension, the property has been specifically tailored for high-density student living. The interior layout prioritises generous communal space, featuring a full-width open-plan kitchen and living suite, two modern bathrooms plus a ground-floor guest cloakroom, and a private, fully paved rear courtyard garden.

Financial Performance

The asset offers total income certainty with signed tenancy agreements running through to 30th June 2028 at a passing rent of £3,885 per calendar month (£46,620 per annum, exclusive of bills). At the guide price of £450,000 (~£64,285 per bedroom), this represents an outstanding 10.36% gross yield with day-one cash flow and no immediate void exposure.

Planning, Conversion & Sui Generis Compliance

Planning Classification (Sui Generis): Properties housing more than 6 unrelated sharers sit outside standard Class C4 permitted development, operating under a dedicated Sui Generis use classification. With Cardiff Council enforcing an Article 4 Direction and strict density limits across Cathays, gaining new 7+ bed Sui Generis consents is virtually unobtainable. An established, lawful 7-occupant asset represents a rare, defensible holding in this market. (Purchaser's solicitors to confirm established Sui Generis use / lawful multi-let status during standard pre-contract enquiries).

Conversion History: Council records show the building underwent complete adaptation, including a rear dormer roof extension (creating the top-floor rooms) and a ground-floor rear addition (forming the expansive social living hub).

Licensing & Safety: Registered with Shared Regulatory Services (SRS) / Cardiff Council for up to 7 occupants over 3 storeys. Certified EPC Band D (approx. 132 m²). Fitted with interlinked fire alarms, emergency escape hardware, and compliant fire doors.

Accommodation

Ground Floor: Welcoming entrance hall; two furnished double bedrooms; under-stairs guest W.C. with hand basin; expansive open-plan lounge/kitchen suite complete with integrated oven/hob, dishwasher, white goods, dining area, corner sofa, and garden access.

First Floor: Three well-proportioned double bedrooms; contemporary three-piece bathroom suite with full bath and overhead shower.

Second Floor (Top Floor Dormer): Two further bright double bedrooms; second modern fitted shower room.

Outside: Private, fully flagstone-paved courtyard garden requiring zero garden maintenance.

Strategic Location

Cardiff University Students' Union: 0.5 miles (~10 mins on foot)

Cardiff University Main Campus: 0.7 miles (~14 mins on foot)

Cathays Train Station: Under 10 minutes' walk (quick link to Cardiff Central)

Local Amenities: Moments from the bustling eateries, shops, and transport links along Woodville Road and Crwys Road

Tenancy agreements, inventory schedules, and licensing details are available upon request. Viewings strictly by appointment.

EPC rating: D Council tax band: D