6 Bed HMO, Norwich, NR5 9HX £375,000

Swallow Tail Close, Norwich, NR5 9HX 9 - 9 views - 8 months ago
HMO
ROI: 4%
~186 m²
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Property image
Property image
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ValuationUndervalued

Sold Prices£275K - £1.5M
Sold Prices/m²£2.1K/m² - £5.6K/m²

 

 

Square Metres

~186 m²
Price/m²£2K/m²

Value Estimate

£488,000
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£93,750

Stamp Duty & Legal Fees

£31,200

Total Cash In

£124,950

 

 

Cash Out

 

Room Rate

£507

Gross Rent

£3,042

Running Costs/mo

£2,488

Cashflow/mo

£554

Cashflow/yr

£6,644

ROI

5%

Gross Yield

10%

Local Sold Prices

24 sold prices from £275K to £1.5M, average is £658.5K. £2.1K/m² to £5.6K/m², average is £3.4K/m².

Price
Date
Distance
Address
Beds
 
£286.5K10/221.01 mi71, Stevenson Road, Norwich, Norfolk NR5 8TS6
£275K05/251.05 mi43, Holworthy Road, Norwich NR5 9DG6
£275K05/251.05 mi43, Holworthy Road, Norwich NR5 9DG6
£506K06/211.09 mi644, Dereham Road, Norwich, Norfolk NR5 0SZ6
£275K08/211.11 mi99, Motum Road, Norwich, Norfolk NR5 8EH6
£425K06/211.27 miYare View, Hockering Lane, Bawburgh, Norwich, Norfolk NR9 3LR6
£480K03/251.38 mi2a, Farmland Road, Costessey NR5 0HX6
£1.5M01/251.47 miRectory House, Watton Road, Norwich NR9 3LH6
£575K03/251.65 mi62, Dragonfly Lane, Norwich NR4 7JR6
£575K03/251.65 mi62, Dragonfly Lane, Norwich NR4 7JR6
£1.3M10/241.88 mi443, Unthank Road, Norwich NR4 7QN6
£350K06/211.89 mi42, Sotherton Road, Norwich, Norfolk NR4 7DB6
£951.2K07/221.98 mi145, Christchurch Road, Norwich, Norfolk NR2 3PQ6
£855K09/222.06 mi185, Newmarket Road, Norwich, Norfolk NR4 6AP6
£935K07/232.13 mi321, Unthank Road, Norwich, Norfolk NR4 7QA6
£742K06/212.16 mi143, Earlham Road, Norwich, Norfolk NR2 3RG6
£1.4M04/242.27 mi268, Unthank Road, Norwich NR2 2AJ6
£420K07/242.28 mi134, Whitehall Road, Norwich NR2 3EW6
£1.1M01/232.35 mi17, Christchurch Road, Norwich, Norfolk NR2 2AE6
£1.4M12/222.35 mi22, Christchurch Road, Norwich, Norfolk NR2 2AE6
£420K07/242.36 mi134, Whitehall Road, Norwich, Norfolk NR2 3EW6
£880K06/212.41 mi105, Newmarket Road, Norwich, Norfolk NR2 2HT6
£900K10/242.43 mi12, Claremont Road, Norwich NR4 6SH6
£1.5M03/232.75 mi6, Lime Tree Road, Norwich, Norfolk NR2 2NQ6

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

3.20 miles away

Nearest school

0.70 miles away

Nearest train station

3.74 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-29%

Sales demand

Balanced market

Capital growth (5yrs)

+15%

Property History

Price changed to £375,000

July 10, 2025

Listed for £400,000

March 4, 2025

Floor Plans

Property image

Description

  • Perfect Investment Purchase +
  • Tenants until August +
  • Tenants in Situ +
  • Near 9% Yield +
  • Fully Managed +
  • 6 Bedroom HMO +
  • 5 Year HMO License +
  • Separate Parking & Garage +

*TENANTS UNTIL AUG 2025*

Key Features:

- Six Well-Proportioned Bedrooms: Each room is thoughtfully designed to provide ample space for rest and study, ensuring a comfortable living experience.

- Modern Kitchen: The property boasts a fully equipped kitchen with modern appliances and ample storage, perfect for communal cooking and dining.

- Comfortable Living Area: A spacious lounge provides a welcoming environment for relaxation and socialising with housemates.

- Multiple Bathrooms: The property includes several well-appointed bathrooms, reducing wait times during busy mornings.

- Outdoor Space: A private garden offers an outdoor retreat for leisure activities or quiet study sessions.

- Parking: Off-road parking is available, providing convenience for residents with vehicles.

Location:
Situated in the NR5 area, 7 Swallow Tail is in close proximity to the University of East Anglia (UEA), making it an excellent choice for students. The area is well-served by public transport, offering easy access to Norwich city centre and surrounding areas. Local amenities, including supermarkets, parks, and healthcare facilities, are conveniently nearby.

Agent Details

Nicholas Humphreys, Norwich

01603 249077

Next Steps?

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