6 Bed HMO, Norwich, NR5 9HU £375,000

Mardle Street, Norwich, NR5 9HU 9 - 9 views - 8 months ago
HMO
ROI: 4%
~186 m²
Property image
Property image
Property image

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

£496,000
BMV24%

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
 
£286.5K10/221.04 mi71, Stevenson Road, Norwich, Norfolk NR5 8TS6
£275K05/251.08 mi43, Holworthy Road, Norwich NR5 9DG6
£275K05/251.08 mi43, Holworthy Road, Norwich NR5 9DG6
£506K06/211.12 mi644, Dereham Road, Norwich, Norfolk NR5 0SZ6
£275K08/211.14 mi99, Motum Road, Norwich, Norfolk NR5 8EH6
£425K06/211.26 miYare View, Hockering Lane, Bawburgh, Norwich, Norfolk NR9 3LR6
£480K03/251.4 mi2a, Farmland Road, Costessey NR5 0HX6
£1.5M01/251.45 miRectory House, Watton Road, Norwich NR9 3LH6
£575K03/251.64 mi62, Dragonfly Lane, Norwich NR4 7JR6
£575K03/251.64 mi62, Dragonfly Lane, Norwich NR4 7JR6
£1.3M10/241.89 mi443, Unthank Road, Norwich NR4 7QN6
£350K06/211.9 mi42, Sotherton Road, Norwich, Norfolk NR4 7DB6
£951.2K07/222 mi145, Christchurch Road, Norwich, Norfolk NR2 3PQ6
£855K09/222.06 mi185, Newmarket Road, Norwich, Norfolk NR4 6AP6
£935K07/232.15 mi321, Unthank Road, Norwich, Norfolk NR4 7QA6
£742K06/212.18 mi143, Earlham Road, Norwich, Norfolk NR2 3RG6
£1.4M04/242.28 mi268, Unthank Road, Norwich NR2 2AJ6
£420K07/242.3 mi134, Whitehall Road, Norwich NR2 3EW6
£1.1M01/232.36 mi17, Christchurch Road, Norwich, Norfolk NR2 2AE6
£1.4M12/222.36 mi22, Christchurch Road, Norwich, Norfolk NR2 2AE6
£420K07/242.38 mi134, Whitehall Road, Norwich, Norfolk NR2 3EW6
£880K06/212.43 mi105, Newmarket Road, Norwich, Norfolk NR2 2HT6
£900K10/242.44 mi12, Claremont Road, Norwich NR4 6SH6
£1.5M03/232.76 mi6, Lime Tree Road, Norwich, Norfolk NR2 2NQ6

Local Area Statistics

Population in NR5

28,823

Population in Norwich

366,887

Town centre distance

3.23 miles away

Nearest school

0.70 miles away

Nearest train station

3.76 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

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

Key Features:

- Six Double Bedrooms: Each room is generously sized and fully furnished, providing ample space for relaxation and study.

- Modern Kitchen: The well-equipped, open-plan kitchen features quartz worktops, black fittings, and ample storage. It includes two electric hobs, 1 oven, a double fridge-freezer, dishwasher, and all necessary appliances, making it perfect for communal cooking and dining.

- Spacious Lounge/Diner: Adjoining the kitchen is a beautifully crafted living area furnished with a large sofa and a smart TV, creating a perfect space for socializing and unwinding.

- Additional Facilities: The property includes a main bathroom with a large walk-in shower, terrazzo tiles, and quartz worktops. A laundry area with a washer/dryer is conveniently located within the kitchen.

- Outdoor Space: French doors lead to a landscaped rear garden featuring porcelain slabs, wooden sleepers, and a newly turfed lawn—ideal for outdoor relaxation and gatherings.

- Parking: Ample off-road parking is available at the front and side of the house, accommodating multiple vehicles.

Location:
Situated in the Three Score area, 35 Mardle Street is within close proximity to the University of East Anglia (UEA), making it an excellent choice for students. The area is well-served by public transport, providing 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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