4 Bed HMO, Norwich, NR5 8LT, £315,000

Rydal Close, VERY CLOSE TO UEA, NR5 8LT - 3 views - 4 months ago

HMO
ROI: 4%
~129 m²
+9 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£78,750

Stamp Duty & Legal Fees

£13,900

Total Cash In

£92,650

 

 

Cash Out

 

Room Rate

£550

Gross Rent

£2,200

Running Costs/mo

£1,927

Cashflow/mo

£273

Cashflow/yr

£3,278

ROI

4%

Gross Yield

8%













Property History

Price changed to £315,000

March 24, 2025

Price changed to £300,000

December 11, 2024

Listed for £315,000

November 27, 2024

Sold for £26,230

1998

Floor Plans

Description

  • Perfect Buy To Let Opportunity +
  • Over Passage Mid Terrace House +
  • 4 Double Bedrooms +
  • Kitchen, 2 reception Rooms & Utility Room +
  • Compliant with current HMO Regulations +
  • 2 Shower Rooms & 2 WCs +
  • Driveway & Enclosed Garden +
  • Currently Rented at £2200 PCM inc Bills +
  • Rented for next year at £2400 PCM inc Bills +
  • No Onward Chain +

Summary
*NO ONWARD CHAIN* THE PERFECT STUDENT INVESTMENT in this 4 bedroom OVER PASSAGE terrace house situated very close to the UEA which is CURRENTLY RENTED at £2200 pcm and also LET FOR NEXT YEAR at £2400 pcm*** Entrance Hall 10.6" x 5.4"
Door to kitchen, stairs to the first floor, radiator, carpet. Kitchen 12.5" x 10.2"
Double glazed window to the rear aspect, a range of fitted wall and base units with work surface over and tiled splashback, space for a fridge freezer and washing machine, range style cooker with extractor fan over, stainless steel sink with drainer, radiator, vinyl flooring, doors to rear lobby and dining room. Dining Room 10.9" x 9.4"
Doors to bedroom 1 & lounge, radiator, laminate flooring. Lounge 11.6" x 10.7"
Double glazed window to the side and rear aspects with French double doors out to the garden, laminate flooring. Bedroom 1 12.9" x 11.3"
Double glazed window to the front aspect, radiator, carpet. Rear Lobby 9.8" x 5.3"
Double glazed windows and doors to the side aspects, door to utility room, and cloakroom, radiator, vinyl flooring. Cloakroom
WC, hand wash basin. Utility Room 5.10" x 5.9"
Door to shower room, wall and base units with work surface, space for a washing machine and tumble dryer, vinyl flooring, radiator. Shower Room 5.9" x 3.3"
Vanity sink, shower cubicle, extractor fan. First Floor Landing
Doors to all rooms, carpet. WC 5.6" x 2.6"
Double glazed window to the front aspect, WC, vinyl flooring. Shower Room 5.4" x 4.8"
Double glazed window to the rear aspect, double shower cubicle, vanity sink, heated towel rail, vinyl flooring, extractor fan. Bedroom 2 12.9" x 11.6"
Double glazed window to the front aspect, radiator, integrated wardrobe, laminate flooring. Bedroom 3 13.1" x 8.9"
Double glazed window to the rear aspect, radiator, integrated wardrobe, carpet. Bedroom 4 10.9" x 10.2"
Double glazed window to the rear aspect, radiator, integrated wardrobe, carpet. Outside Front
To the front of the property is a brick weave driveway for two cars with adjoining lawns and brick wall to front but there is easily space to convert into a 4 cars driveway. Outside Rear
To the rear of the property is an enclosed garden mainly laid to lawn with decking area, patio and aluminium shed.

Agent Details

Russen & Hill Estate Agents, Costessey

01603 361593

Next Steps?

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

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