Earlham Green Lane, Norwich 6 bed detached bungalow for sale

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Earlham Green Lane, Norwich 6 bed detached bungalow for sale

Earlham Green Lane, Norwich
£400,000

Our Summary

  • Internally, it offers spacious communal areas, two bathrooms plus an additional WC, and potential to convert into four self-contained units for added value
  • The large rear garden and patio areas provide further lifestyle appeal, and there's potential to reconfigure the layout into four self-contained units with private bathrooms, adding further value and rental uplift potential
  • Potential to convert into four self-contained units with en-suite bathrooms

Description

This fully renovated 6-bedroom licensed HMO in Norwich's NR5 area offers an annual income of £36,000, delivering a 9% gross yield at a £400,000 purchase price. The property is strategically located near the University of East Anglia and Norfolk & Norwich Hospital, attracting strong demand from students and professionals. With solar panels, an A-rated EPC, and low annual utility costs of £2,200, the property ensures excellent net returns. Internally, it features spacious communal areas, two bathrooms, and an additional WC, with potential to convert into four self-contained units for added value. The property has enjoyed full occupancy since 2015 with no voids, supported by minimal maintenance and quiet neighbors. With recent HMO inspection approval and potential interest from the council for alternative letting schemes, this is a turnkey, low-risk investment in one of Norwich's most consistent rental hotspots.