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Full details for 4 Bedroom For Sale in Norwich

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Description

Prime Investment Opportunity - High Yield 4-Bedroom HMO in Sought-After Norwich Location

National Residential are excited to bring to market this exceptional 4-bedroom freehold end-terrace HMO in Norwich, offering investors a unique chance to acquire a high-demand, fully occupied property in one of Norwich‘s most sought-after rental areas. Perfectly located in West Norwich, this HMO is within walking and cycling distance of the City Centre, Norwich University of the Arts, and the University of East Anglia, making it an ideal choice for students and young professionals alike.

Investment Highlights:
' Current Gross Monthly Rental Income: £2,120
' Current Gross Annual Rental Income: £25,440
' Market Value Purchase Price: £330,000
' Gross Yield: 7.71%
' Net Yield: 5.8% (after expenses)

Running Costs:
' Monthly Expenses: £524 (including utilities, council tax, broadband)
' Net Monthly Income: £1,596

Why Invest in this HMO?
This property represents a hassle-free investment with steady income and minimal overhead. Each of the four rooms is well-maintained and designed for tenant comfort, ensuring continued high demand and reliable occupancy.

Property Overview:
' Spacious, well-designed layout with shared kitchen and lounge area, perfect for HMO occupancy
' Council Tax Band D - with no additional ground rent or service charges, maximising net income
' Watch the online video tour to gain insight into the property‘s layout and rental potential

Prime Location - In-Demand Rental Area
The West Norwich location is highly desirable for tenants, especially students and young professionals:
' Norwich City Centre: Short walking/cycling distance, providing access to cultural, shopping, and dining experiences
' University Access: Close to both Norwich University of the Arts and the University of East Anglia, ensuring strong appeal for students
' Transportation Links: Excellent road and public transport options make commuting easy
' Local Amenities: Shops, restaurants, cafes, and services are all within close proximity, enhancing tenant convenience

Why Norwich?
Norwich has become a thriving hub for students and young professionals, driven by its vibrant city life, strong cultural scene, and renowned educational institutions. With its steady demand for rental housing, Norwich is a hotspot for property investors seeking reliable returns and low vacancy rates. Additionally, the city‘s growth and development make it a long-term investment prospect with promising future appreciation.

This outstanding 4-bedroom HMO offers investors a blend of strong rental yield, strategic location, and minimal ongoing expenses. Don‘t miss out-book a viewing today to explore the full potential of this remarkable property!

This property is ONLY available for purchasers who are NOT in a chain.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer‘s interests to check the working condition of any appliances.

'By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.
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