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4 bedroom house of multiple occupation for sale
Dereham Road, Norwich, Norfolk, NR2
£300,000
Dereham Road, Norwich, Norfolk, NR2
£300,000
Our Summary
- Prime Investment Opportunity - High Yield 4-Bedroom HMO in Sought-After Norwich Location National Residential are excited to bring to market this exceptional 4-bedroom freehold end-terrace HMO in Norwich, offering investors a unique chance to acquire a high-demand, fully occupied property in one of Norwich's most sought-after rental areas
- Property Overview: * Spacious, well-designed layout with shared kitchen and lounge area, perfect for HMO occupancy * Council Tax Band D - with no additional ground rent or service charges, maximising net income * Watch the online video tour to gain insight into the property's layout and rental potential Prime Location - In-Demand Rental Area The West Norwich location is highly desirable for tenants, especially students and young professionals: * Norwich City Centre: Short walking/cycling distance, providing access to cultural, shopping, and dining experiences * University Access: Close to both Norwich University of the Arts and the University of East Anglia, ensuring strong appeal for students * Transportation Links: Excellent road and public transport options make commuting easy * Local Amenities: Shops, restaurants, cafes, and services are all within close proximity, enhancing tenant convenience Why Norwich
- Don't miss out-book a viewing today to explore the full potential of this remarkable property
Description
This prime investment opportunity presents a 4-bedroom freehold end-terrace HMO in a highly sought-after location in Norwich, offering a high-demand, fully occupied property with a strong rental yield. The property is located within walking and cycling distance of the City Centre, Norwich University of the Arts, and the University of East Anglia, making it an ideal choice for students and young professionals. The current gross monthly rental income is £2,120, with a gross annual rental income of £25,440, and a market value purchase price of £330,000, resulting in a gross yield of 7.71% and a net yield of 5.8% after expenses. The property is well-maintained and designed for tenant comfort, ensuring continued high demand and reliable occupancy. With minimal overhead and a hassle-free investment, this property represents a prime opportunity for investors seeking a reliable return.