House For Sale £375,000
Introducing an exceptional investment opportunity, we proudly present this magnificent five-bedroom semi-detached house. Situated on the outskirts of the city, this exquisite professional HMO is a remarkable find for those seeking a stylish and profitable property. Offering an approximate yield of 10% with a gross income of £39,300 per year.
Location
Dereham Road is a notable thoroughfare in Norwich, England, situated in the NR2 postcode region. This area encompasses various residential neighborhoods like West Earlham, Newmarket Road, and Bowthorpe, alongside some commercial and industrial establishments. Norwich itself is a historic city in Norfolk, known for its medieval architecture exemplified by landmarks like Norwich Cathedral and Norwich Castle. The city boasts a rich history dating back to Roman times and is home to numerous museums, galleries, and theaters. An important hub for arts and culture, Norwich also has a vibrant nightlife and music scene. The NR2 area is well-connected by public transport and is home to multiple schools, making it an attractive choice for families.
Dereham Road
Spread across two floors, this fantastic residence offers an impressive accommodation arrangement ideal for multiple tenants. Boasting a total of five generous bedrooms, this property ensures ample space for comfortable living. Shared areas are thoughtfully designed to cater to the needs of multiple occupants, promoting a communal yet refined living experience. With modern appliances and ample storage, these kitchens are a true embodiment of functional design. Residents of Room 2 will greatly appreciate the rear patio space adjoined, providing a tranquil sanctuary to relax and unwind in the fresh air.
The location of this stunning HMO offers exceptional convenience, with excellent transport links to the city centre, UEA, and N&N. Its proximity to these highly sought-after destinations enhances the appeal of this property to professionals, students, and medical staff alike.
Completing this exceptional offering, a driveway space ensures convenient off-street parking for residents, adding an enviable amenity to this already incredible property.
Current monthly rental prices:
Room 1 - £650
Room 2 (Access to own patio) - £650
Room 3 (Ensuite room) - £675
Room 4 (Ensuite room) - £675
Room 5 (Use of own bathroom) - £625
Whilst the property is currently being used as a professional HMO, there could be great scope to use as a student HMo given its proximity to the university.
Agents Note
We understand the property will be sold freehold, connected to all mains services with gas central heating.
EPC Rating: C
Disclaimer
Minors and Brady, along with their representatives, are not authorized to provide assurances about the property, whether on their own behalf or on behalf of their client. We do not take responsibility for any statements made in these particulars, which do not constitute part of any offer or contract. It is recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information provided, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It should not be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities have not been tested by Minors and Brady, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.
