6 Bed HMO, Norwich, NR5 8EH, £425,000

41 Motum Road, Norwich, Norfolk, NR5 8EH - 3 views - 3 months ago

HMO
ROI: 4%
109 m²
+14 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Total Cash In

£128,950

 

 

Cash Out

 

Room Rate

£507

Gross Rent

£3,042

Running Costs/mo

£2,660

Cashflow/mo

£382

Cashflow/yr

£4,582

ROI

4%

Gross Yield

9%













Property History

Listed for £425,000

December 26, 2024

Sold for £246,000

2019

Sold for £28,500

2001

Description

  • SIX BEDROOM HMO +
  • TENANTS IN SITU +
  • CLOSE TO UNIVERSITY +
  • RECENTLY MODERNISED +
  • NR5 LOCATION +
  • NO CHAIN +

Welcome to this well-presented 6-bedroom HMO located in the sought-after NR5 area. Perfectly suited for students or professionals, this property offers comfortable and modern living with easy access to local amenities and transport links.

Key Features:

6 Generously Sized Bedrooms: Each room is bright, well-ventilated, and fully furnished with a bed, wardrobe, desk, and chair—perfect for working or studying.

Modern Kitchen: Equipped with modern appliances including a fridge/freezer, oven, hob, microwave, and washing machine.

2 Modern Bathrooms: Clean and functional, ensuring convenience for all residents.

Private Garden: A low-maintenance outdoor space, perfect for relaxing after a long day.

High-Speed Wi-Fi: Throughout the property, ensuring smooth connectivity for all residents.

Excellent Location: Situated close to the University of East Anglia, Norfolk and Norwich University Hospital, and major bus routes to the city centre.

This propert!y is well-maintained and provides the perfect mix of comfort and convenience for multiple occupants.

Contact us today to arrange a viewing

Agent Details

haart, Norwich

01603 937768

Next Steps?

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

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