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4 bedroom semi-detached house for sale
Rachel Close, Norwich, NR5
£229,950
Rachel Close, Norwich, NR5
£229,950
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 four-bedroom semi-detached house is situated extremely close to the University of East Anglia and the hospital, making it an ideal investment opportunity for landlords and investors. The property features double glazing, central heating, and a fairly recent combi boiler. The interior includes a reception room, kitchen, conservatory, and front porch, as well as four bedrooms, two bathrooms, and a utility room. The downstairs bedroom can easily be converted back into a lounge, and the property also has a detached concrete garage and off-street parking for two vehicles. The house has been tenanted by students and medical staff for many years, with the current tenants on an Assured Shorthold Tenancy Agreement until September 2025, producing a monthly rent of £1300. With a few internal improvements and modernizations, the property could potentially achieve a much higher income, with similar renovated properties in the area achieving over £1800 per month.