Hillvue Close, Norwich NR5 4 bed detached bungalow for sale

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Hillvue Close, Norwich NR5 4 bed detached bungalow for sale

Hillvue Close, Norwich NR5
£180,000

Our Summary

  • Situated at 2 Hillvue Close, NR5 0NQ, this property represents an excellent investment prospect with a tenant currently in situ under a short term tenancy agreement, providing immediate rental income potential for the new owner
  • Property OverviewThis detached chalet bungalow offers versatile accommodation, ideal for a range of buyers including landlords seeking a secure investment, developers considering future scope for enhancement, or families looking for a substantial home once vacant possession becomes available
  • The home is set on a corner plot, enhancing both privacy and potential kerb appeal, while also allowing for the possibility of future landscaping or extension (subject to necessary planning consents)
  • The ground floor comprises a welcoming entrance hall, a spacious lounge, a fitted kitchen with scope for modernisation, and two generously sized bedrooms
  • The property's layout offers flexibility and the potential for further value-adding improvements, subject to the buyer's vision and investment strategy
  • Investment OpportunityWith its combination of generous accommodation, corner plot position, off-road parking, and established tenancy, 2 Hillvue Close presents a stable investment opportunity
  • Whether retained as a long-term rental asset or improved to enhance capital value, this property offers excellent potential in a strong Norwich suburban market
  • Investment Opportunity

Description

This spacious four-bedroom detached chalet bungalow is situated in the sought-after residential location of Costessey, Norwich, and is being sold with a current tenant in situ under a short-term tenancy agreement, providing immediate rental income potential. The property benefits from a generous corner plot, off-road parking, and versatile accommodation, making it an excellent investment prospect for landlords, developers, or families. The current tenant pays £975 per month, or £11,700 per annum, with the tenancy running until November 2025, then switching to a month-on-month agreement. The property offers a range of possibilities, including the potential for future landscaping or extension, subject to necessary planning consents, and is well-placed for access to local amenities, schools, and transport links.