5 Bed HMO, Norwich, NR4 7DE, £350,000

Buckingham Road, Norwich, NR4 7DE 7 - 3 views - 2 months ago

Sold STC
HMO
~178 m²
+17 photos

ValuationUndervalued

Sold Prices£245K - £2.0M
Sold Prices/m²£2.8K/m² - £7K/m²

 

 

Square Metres

~178.28 m²
Price/m²£2K/m²

Value Estimate

£423,500
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£16,700

Total Cash In

£104,200

 

 

Cash Out

 

Room Rate

£375

Gross Rent

£1,875

Running Costs/mo

£2,061

Cashflow/mo

£-186

Cashflow/yr

£-2,227

Gross Yield

6%

Local Sold Prices

50 sold prices from £245K to £2.0M, average is £695K. £2.8K/m² to £7K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£985K02/230.1 mi381, Unthank Road, Norwich, Norfolk NR4 7QG5
£350K06/210.13 mi42, Sotherton Road, Norwich, Norfolk NR4 7DB5
£672K05/240.26 mi40, Mile End Road, Norwich, Norfolk NR4 7QX5
£1.0M03/230.26 mi19, Mile End Road, Norwich, Norfolk NR4 7QX5
£740K03/230.28 mi17, Judges Walk, Norwich, Norfolk NR4 7QF5
£955K12/200.29 mi1, Judges Drive, Norwich, Norfolk NR4 7QQ5
£580K12/220.3 mi18, Jessopp Road, Norwich, Norfolk NR2 3QA5
£825K08/230.31 mi426, Unthank Road, Norwich, Norfolk NR4 7QH5
£715K03/230.37 mi36, Mile End Road, Norwich, Norfolk NR4 7QY5
£555K11/210.37 mi20, Mile End Road, Norwich, Norfolk NR4 7QY5
£532K03/210.37 mi14, Mile End Road, Norwich, Norfolk NR4 7QY5
£725K08/220.39 mi88, Christchurch Road, Norwich, Norfolk NR2 3NG5
£2.0M05/220.4 mi20, Christchurch Road, Norwich, Norfolk NR2 2AE5
£1.4M05/210.41 mi111, Newmarket Road, Norwich, Norfolk NR2 2HT5
£246K06/210.44 mi158, Northfields, Norwich, Norfolk NR4 7EX5
£245K11/230.44 mi186, Northfields, Norwich, Norfolk NR4 7EX5
£950K07/220.47 mi202, Unthank Road, Norwich, Norfolk NR2 2AH5
£677.3K06/210.47 mi119, Christchurch Road, Norwich, Norfolk NR2 3PG5
£790K05/230.47 mi117, Christchurch Road, Norwich, Norfolk NR2 3PG5
£1.1M08/240.49 mi187, Newmarket Road, Norwich, Norfolk NR4 6AP5
£695K11/230.5 mi470, Unthank Road, Norwich, Norfolk NR4 7QJ5
£658K06/210.53 mi53, The Avenues, Norwich, Norfolk NR2 3QR5
£750K03/230.58 mi59, Mount Pleasant, Norwich, Norfolk NR2 2DQ5
£660K03/210.58 mi43, The Avenues, Norwich, Norfolk NR2 3PH5
£785K06/210.58 mi4, Statham Close, Norwich, Norfolk NR4 6PT5
£370K02/230.59 mi37, Leng Crescent, Norwich, Norfolk NR4 7NY5
£1.1M10/220.6 mi54, Branksome Road, Norwich, Norfolk NR4 6SW5
£1.0M12/220.61 mi5, Lime Tree Road, Norwich, Norfolk NR2 2NF5
£390K09/230.67 mi24, Whitehall Road, Norwich, Norfolk NR2 3EW5
£1.2M09/210.68 mi83, Newmarket Road, Norwich, Norfolk NR2 2HP5
£1.3M11/230.68 mi87, Newmarket Road, Norwich, Norfolk NR2 2HP5
£880K12/220.71 mi15, Poplar Avenue, Norwich, Norfolk NR4 7LB5
£700K07/220.71 mi170, College Road, Norwich, Norfolk NR2 3JA5
£900K03/230.75 mi57, Newmarket Road, Norwich, Norfolk NR2 2HW5
£950K03/210.75 mi17, Eaton Road, Norwich, Norfolk NR4 6PR5
£695K03/210.76 mi223a, Earlham Road, Norwich, Norfolk NR2 3RQ5
£427K05/230.76 mi11, Doris Road, Norwich, Norfolk NR2 3EJ5
£430K03/240.78 mi450, Earlham Road, Norwich, Norfolk NR4 7HL5
£467K12/230.78 mi452, Earlham Road, Norwich, Norfolk NR4 7HL5
£420K07/210.79 mi5, Salter Avenue, Norwich, Norfolk NR4 7LX5
£335K10/200.79 mi6, Salter Avenue, Norwich, Norfolk NR4 7LX5
£700K01/230.8 mi4, Daniels Road, Norwich, Norfolk NR4 6QZ5
£550K10/200.8 mi1, Daniels Road, Norwich, Norfolk NR4 6QY5
£760K06/210.8 mi10, Daniels Road, Norwich, Norfolk NR4 6QZ5
£675K06/210.81 mi161, Earlham Road, Norwich, Norfolk NR2 3RG5
£420K10/200.82 mi35, Primula Drive, Norwich, Norfolk NR4 7LZ5
£580.5K03/230.82 mi501, Earlham Road, Norwich, Norfolk NR4 7HN5
£595K11/230.83 mi138, Earlham Road, Norwich, Norfolk NR2 3HF5
£350K12/200.83 mi12, Jasmine Close, Norwich, Norfolk NR4 7NE5
£445K08/240.87 mi19, Lyhart Road, Norwich, Norfolk NR4 6RF5

Local Area Statistics

Population in NR4

22,331

Population in Norwich

366,887

Town centre distance

1.91 miles away

Nearest school

0.10 miles away

Nearest train station

1.93 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £350,000

February 16, 2025

Description

  • Perfect Student Accomodation +
  • Close to UEA and NNUH +
  • HMO Ready +
  • Five bedroom semi detached house +
  • Two Bathrooms +
  • Extremley generous garden +
  • Garage +
  • Off road parking +
  • Conservatory +
  • Great local schools and transfer links +

This semi-detached house on Buckingham Road in Norwich presents a great opportunity for those seeking a spacious and budget-friendly home. With five bedrooms, it provides ample space for student or multiple occupancy living. The property also includes two bathrooms, catering to the needs of multiple households with different schedules.

With tenants already in situ and offering a strong yield, this is the perfect investment ready to go, you can find out more about this by contacting the office.

Built in 1950, this freehold property retains its classic charm while offering modern functionality. The semi-detached layout ensures a degree of privacy and independence, with the added benefit of a single garage for convenient parking or additional storage. Its location in Norwich means you're well-connected to local amenities and transport links.

Norwich offers a vibrant community atmosphere with access to various parks, schools, and cultural attractions. Local schools such as Norwich School and Notre Dame High School are within easy reach, providing excellent educational opportunities. The city centre is also nearby, offering shopping, dining, and entertainment options.

Don't miss out on this affordable investment opportunity in Norwich. Contact us today to learn more about this property on Buckingham Road.

Agent Details

Benechos, Beccles

01502 443312

Next Steps?

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