4 bed end terrace house

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4 bed end terrace house

Lovelace Road, Norwich NR4
£320,000

Our Summary

  • An excellent investment opportunity to acquire this multi let four bedroom property, ideally situated and offering strong rental returns with a current annual combined income of £20,400
  • The property also benefits from planning permission for a single storey side extension, which would provide two additional bedrooms and a communal living area, further enhancing its income potential (Planning Ref: 20/00676/F)
  • This is a superb opportunity for investors seeking a ready made income producing property with excellent scope to expand and increase future returns
  • Investment Opportunity Currently Let For £1700 pcm (£20,400)
  • Planning permission for A single storey 2 bedroom extension

Description

This multi-let four-bedroom property in Lovelace Road, Norwich, offers a strong investment opportunity with a current annual combined income of £20,400. The property has planning permission for a single-storey side extension, which would add two more bedrooms and a communal living area, increasing its income potential. The property features a quality fitted kitchen/diner, three bedrooms on the first floor, and a comfortable communal lounge. It also has double glazing and gas central heating, ensuring comfort and efficiency. The property has a front garden, enclosed private rear garden, and a driveway for off-road parking. Located near the University of East Anglia, Norfolk and Norwich University Hospital, and local amenities, this property is ideal for students, professionals, and families. With its strong rental returns and potential for expansion, this is a superb opportunity for investors seeking a ready-made income-producing property.