5 Bed HMO, Norwich, NR4 7LZ, £395,000
Primula Drive, Norwich, NR4 7LZ - 1 views - a month ago
Leasehold
HMO
~178 m²





+9 photos
ValuationUndervalued
Sold Prices | £245K - £985K |
Sold Prices/m² | £2.6K/m² - £4.9K/m² |
| |
Square Metres | ~178.28 m² |
Price/m² | £2.2K/m² |
Value Estimate | £474,000 |
BMV | 20% |
Cashflows
Cash In | |
Purchase Finance | Mortgage |
Deposit (25%) | £98,750 |
Stamp Duty & Legal Fees | £28,200 |
Total Cash In | £126,950 |
| |
Cash Out | |
Room Rate | £375 |
Gross Rent | £1,875 |
Running Costs/mo | £2,215 |
Cashflow/mo | £-340 |
Cashflow/yr | £-4,084 |
Gross Yield | 6% |
Local Sold Prices
25 sold prices from £245K to £985K, average is £580.5K. £2.6K/m² to £4.9K/m², average is £3K/m².
Local Area Statistics
Population in NR4 | 22,331 |
Population in Norwich | 366,887 |
Town centre distance | 1.96 miles away |
Nearest school | 0.10 miles away |
Nearest train station | 2.39 miles away |
| |
Rental demand | Landlord's market |
Rental growth (12m) | -15% |
Sales demand | Balanced market |
Capital growth (5yrs) | +23% |
Property History
Listed for £395,000
February 28, 2025
Floor Plans

Description
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