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Witard Road, Norwich NR7 5 bed terraced house for sale
Witard Road, Norwich NR7
£290,000
Witard Road, Norwich NR7
£290,000
Our Summary
- Investment SummaryThis property represents a ready-made investment opportunity with strong and proven returns
Description
This mid-terraced property is a well-maintained HMO investment opportunity, presented in excellent condition and fully operational. The property has five-six bedrooms, each tastefully furnished with a bed, wardrobe, and USB plug sockets, and a keyless entry system. The communal kitchen is fully equipped with appliances and a TV with Now TV access. The property also features two shared bathrooms, a rear garden with bike storage, and a smart thermostat for energy efficiency. The property meets all current HMO safety standards and is located in a convenient setting, directly opposite local shops and amenities, with a bus stop nearby. The property is currently fully let and produces a gross income of approximately £32,400 per annum, equating to a gross yield of around 11.2%. The running costs are controlled through an inclusive rental structure with a fair usage policy for utilities, making it a turnkey opportunity for new and experienced landlords seeking a high-yielding, low-maintenance addition to their portfolio.