House For Sale £495,000
Magdalen Road, Norwich NR3
previous price £525,000

General overview An exciting, ready made business opportunity for a savvy investor to appreciate capital growth and an attractive 10% yield. With Anglia Square under lengthy discussions and agreed purchase for redevelopment, our managing director Jamie believes there will be a strong increase in price to the area, as more demand, more jobs and a better community lifestyle is created, similar to that of the Chapelfield area after development here.

NR3, commonly known as North City and previously the 'Silver Triangle', offers contemporary living in an up and coming vibe, with the terrace housing market booming here currently. With fantastic local pubs, easy access into the city centre and individual bars locally, this is a thriving community which has increased in popularity over the past 10 years.

We understand there is potential to purchase the Special-Purpose vehicle (spv), which in effect will buy the existing business running this site, to take on the existing mortgage, make the deal tax efficient and save thousands on stamp duty, thus making it an even more lucrative purchase. Further details can be discussed with our branch on this.