4 bed semi-detached house

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4 bed semi-detached house

Rachel Close, Norwich NR5
£207,500

Our Summary

  • To achieve a much higher income the house would benefit from a few internal improvements and modernisation
  • Non-standard construction, so would suit a cash buyer

Description

This 4-bedroom semi-detached house is a great investment opportunity, located extremely close to the University of East Anglia (UEA) and the hospital. The property has been tenanted by students and medical staff for many years, with the current tenants agreeing to stay until September 2025, producing a monthly rent of £1300. The house needs some internal improvements and modernization to increase its rental income, which could potentially reach over £1800 per month. The property has double glazing, central heating, and a detached concrete garage, as well as off-street parking for two vehicles. The interior features a reception room, kitchen, conservatory, and four bedrooms, including a large double bedroom downstairs that could be converted back into a lounge. The property also has a bathroom, utility room, and downstairs cloakroom, as well as gardens to the front and rear. With its non-standard construction, this property would be suitable for a cash buyer, and all furniture and appliances are included if the full asking price is achieved.