6 Bed HMO, Norwich, NR4 6NP, £475,000

Havant Close, Norwich, NR4 6NP - 2 views - a month ago

HMO
ROI: 4%
~186 m²
+15 photos

ValuationUndervalued

Sold Prices£182.5K - £1.5M
Sold Prices/m²£2.1K/m² - £5.6K/m²

 

 

Square Metres

~186 m²
Price/m²£2.6K/m²

Value Estimate

£605,000
BMV21%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£118,750

Stamp Duty & Legal Fees

£38,700

Total Cash In

£157,450

 

 

Cash Out

 

Room Rate

£594

Gross Rent

£3,564

Running Costs/mo

£2,947

Cashflow/mo

£617

Cashflow/yr

£7,405

ROI

5%

Gross Yield

9%

Local Sold Prices

20 sold prices from £182.5K to £1.5M, average is £678.5K. £2.1K/m² to £5.6K/m², average is £3.5K/m².

PriceDateDistanceAddressBeds 
£520K02/210.23 mi40, Ebbisham Drive, Norwich, Norfolk NR4 6HW6
£855K09/220.42 mi185, Newmarket Road, Norwich, Norfolk NR4 6AP6
£615K03/210.51 mi1, Bluebell Crescent, Norwich, Norfolk NR4 7LE6
£530K02/210.82 mi23, Low Road, Keswick, Norwich, Norfolk NR4 6TZ6
£350K06/210.82 mi42, Sotherton Road, Norwich, Norfolk NR4 7DB6
£935K07/230.98 mi321, Unthank Road, Norwich, Norfolk NR4 7QA6
£880K06/211.01 mi105, Newmarket Road, Norwich, Norfolk NR2 2HT6
£845K10/201.14 mi274, Unthank Road, Norwich, Norfolk NR2 2AJ6
£1.1M01/231.19 mi17, Christchurch Road, Norwich, Norfolk NR2 2AE6
£1.4M12/221.19 mi22, Christchurch Road, Norwich, Norfolk NR2 2AE6
£1.5M03/231.24 mi6, Lime Tree Road, Norwich, Norfolk NR2 2NQ6
£415K04/211.34 mi12, Salter Avenue, Norwich, Norfolk NR4 7LX6
£951.2K07/221.46 mi145, Christchurch Road, Norwich, Norfolk NR2 3PQ6
£742K06/211.7 mi143, Earlham Road, Norwich, Norfolk NR2 3RG6
£275K08/212.08 mi99, Motum Road, Norwich, Norfolk NR5 8EH6
£182.5K11/202.18 mi7, Tizzick Close, Norwich, Norfolk NR5 9HB6
£286.5K10/222.19 mi71, Stevenson Road, Norwich, Norfolk NR5 8TS6
£995K02/212.41 mi80, Bracondale, Norwich, Norfolk NR1 2BE6
£506K06/212.44 mi644, Dereham Road, Norwich, Norfolk NR5 0SZ6
£308K06/212.89 mi57, Thorpe Road, Norwich, Norfolk NR1 1UD6

Local Area Statistics

Population in NR4

22,331

Population in Norwich

366,887

Town centre distance

2.79 miles away

Nearest school

0.50 miles away

Nearest train station

2.64 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Price changed to £475,000

March 28, 2025

Listed for £500,000

March 14, 2025

Floor Plans

Description

  • Guide Price £535,000 - £500,000 +
  • Deceptively Spacious Semi-Detached House +
  • Spacious & Versatile Accommodation Throughout +
  • Six Double Bedrooms, Four with Built-In Storage +
  • Bright Open Plan Lounge & Conservatory with Ample Natural Light +
  • Modern Kitchen with Appliances +
  • Modern Bathroom & Two Shower Rooms +
  • Ample Driveway Parking for Multiple Vehicles +
  • Low-Maintenance Enclosed Garden +
  • Pleasant Cul-de-Sac Close to Amenities, Schools & Road/Public Transport Links +

A well-presented and deceptively spacious six bedroom semi-detached property offering bright, spacious and versatile accommodation throughout providing potential for various uses. The property is currently set up as a HMO making it a fantastic investment opportunity, but it could easily be used as a family home particularly suiting large or extended families. The property is set within a pleasant cul-de-sac in the sought after village of Eaton with easy access to local shops, amenities, well-rated schools, lovely parks and both road and public transport links further afield. Internally and to the ground floor the front entrance door opens to a welcoming entrance hall with stairs to the first floor, a front facing well-appointed modern kitchen with integral appliances and both space and plumbing for more, and a bright and generously sized open plan lounge and conservatory boasting ample natural light with a fireplace to the lounge, a breakfast bar set between both rooms, a clear glass roof and multiple windows to the conservatory and a set of French doors to the rear garden. There are also two spacious double sized bedrooms to this floor both of which have built-in storage as well as a modern three-piece shower room suite. To the first floor there are four good sized bedrooms all of which are double sided, two with built-in storage and the main bedroom being the largest which is L-shaped and offers ample space for furniture, all of which are serviced by both a modern bathroom suite and an additional modern shower room suite. Externally the property benefits from ample driveway parking to the front for multiple vehicles and to the rear is a low-maintenance shingled garden which is privately enclosed with both wooden fencing and mature plants, shrubs and trees to the perimeter as well as housing a storage shed. ADDITIONAL INFORMATION: Council Tax Band: C Local Authority: Norwich Early viewing is highly recommended due to the property being realistically priced. Disclaimer: These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. Please note that we have not tested any apparatus, equipment, fixtures, fittings or services including gas central heating and so cannot verify they are in working order or fit for their purpose. Furthermore, Solicitors should confirm moveable items described in the sales particulars and, in fact, included in the sale since circumstances do change during the marketing or negotiations. Although we try to ensure accuracy, if measurements are used in this listing, they may be approximate. Therefore if intending Purchasers need accurate measurements to order carpeting or to ensure existing furniture will fit, they should take such measurements themselves. Photographs are reproduced general information and it must not be inferred that any item is included for sale with the property. TENURE To be confirmed by the Vendor’s Solicitors POSSESSION Vacant possession upon completion VIEWING Viewing strictly by appointment through The Express Estate Agency

Agent Details

Express Estate Agency, Nationwide

03330 165458

Next Steps?

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