Potential 4-Bed HMO, Norwich, NR5 8AZ, £270,000

Gipsy Lane, Norwich, Norfolk, NR5 8AZ - 5 views - 5 months ago

HMO
ROI: 5%
~93 m²
+10 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£67,500

Stamp Duty & Legal Fees

£10,300

Total Cash In

£77,800

 

 

Cash Out

 

Room Rate

£507

Gross Rent

£2,028

Running Costs/mo

£1,734

Cashflow/mo

£294

Cashflow/yr

£3,528

ROI

5%

Gross Yield

9%













Property History

Listed for £270,000

October 29, 2024

Floor Plans

Description

  • Guide Price £270,000 - £280,000 +
  • 3 Bedroom End Terrace House +
  • 15ft Dual Aspect Lounge/Diner +
  • Kitchen & Downstairs Bathroom +
  • 3/4 First Floor Bedrooms +
  • Double Glazed With Gas Central Heating +
  • Off Road Parking & Large Enclosed Garden +
  • Superb Student Let HMO Opportunity +
  • Close To University & Norwich Hospital +

Located within striking distance of the University Of East Anglia and the Norfolk and Norwich Hospital stands this three-bedroom end terrace house. This property is ideal for any growing family or would make a lucrative HMO investment purchase.

The accommodation on offer includes a lounge 15ft dual aspect lounge/diner, a kitchen and a bathroom to the ground floor. Upstairs you will find three good sized bedrooms off landing with the main bedroom currently split into two bedrooms which are linked. The property also benefits from double glazing and gas central heating.

Outside, to the front of the property is a drive with off road parking. To the rear is a large and well-maintained garden which is laid mainly to lawn with shingle and patio areas as well as a wooden shed.

Properties in this location tend to sell very quickly all year round so an early viewing is essential to avoid disappointment.

AGENTS NOTES
Tenure - Freehold
Council Tax Band - A
Local Authority - Norwich City Council
We have been advised that the property is connected to mains water, electricity and gas.

Agent Details

Winkworth, Hellesdon

01603 361844

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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