- Guide Price - £190,000 - £200,000 +
- 4 Bedroom terraced house +
- Fully occupied & compliant HMO +
- Gross income of £24,360 per year +
- Gross yield of over 12.1% +
- Rear courtyard and garden +
- Cash flowing from day 1 of ownership +
- No onward chain +
SUMMARY This is a rare opportunity to acquire a fully compliant, ready-made investment property generating an impressive gross annual income of £24,360, equating to a gross yield of over 12.1%. The property is a licensed 4 bedroom HMO, already fully occupied, ensuring immediate cash flow from day one of ownership. With no onward chain, this investment offers a hassle-free purchase process for buy-to-let investors.
The internal accommodation is well laid out and comprises an entrance hall, a ground-floor bedroom, a spacious kitchen/dining area, and a shower room. Upstairs, there are three further bedrooms accessed off the landing, offering comfortable living spaces for tenants. Fully compliant with all necessary certifications, this property is a perfect addition to any portfolio, providing strong returns with minimal effort.
Contact us today to arrange a viewing or for more details - properties like this are in high demand!
AGENTS NOTE We have been advised that a right of way exists across the rear garden for neighbouring properties to use to access the front of the terrace.
DIRECTIONS Heading in to Norwich on the A11 from our office, take the second exit on the first roundabout and the first exit on the second roundabout, on to the A147, Chapelfield Road. Take the second exit heading down Grapes Hill, continue through the traffic lights and take the second exit at the next roundabout on to St Crispins Road. Continue over the next 3 roundabouts taking the second exit each time, continue up Ketts Hill and on to Plumstead Road. Take the right hand turn on to Lionwood Road and then the left hand turn on to Cubitt Road. At the t-junction turn right on to Morse Road where the property can be found on the the right hand side.
LOCAL AUTHORITY Norwich City Council
COUNCIL TAX BAND A
DISCLAIMER While we have made diligent efforts to ensure the accuracy of the information relating to each property at the point of listing, you are advised to consult the official local council website for details on conservation areas, flood risks, tree preservation orders, planning applications, and other relevant aspects. These details are for guidance purposes only and we do not seek advice from the seller's legal representative in their preparation. We also strongly advise that you inspect the property and surrounding area on Google Maps and Street View prior to viewing. The photographs do not infer that items shown are included in the sale, the measurements quoted are approximate and the fixtures, fittings and appliances have not been tested, therefore no guarantee can be given that they are in working order. If there is any point which is of particular importance to you then please obtain professional confirmation of it.
Should you wish to view one of our properties, we will require certain pieces of personal information from you in order to provide a professional service to you and our client, the seller. The personal information you provide to us will be shared with the seller, but it will not be shared with any other third parties without your consent.
Should you wish to proceed and make an offer on a property, some of the personal information you provide to us will be passed to the seller. Again, it will not be shared with any other third parties without your consent.
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