4 Bed HMO, Norwich, NR4 7DR, £280,000

174 The Avenues, Norwich, Norfolk, NR4 7DR - 1 views - 14 days ago

HMO
ROI: 7%
96 m²
+8 photos

ValuationUndervalued

Sold Prices£150K - £850K
Sold Prices/m²£1.8K/m² - £7.7K/m²

 

 

Square Metres

96 m²
Price/m²£2.9K/m²

Value Estimate

£329,857
BMV18%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£70,000

Stamp Duty & Legal Fees

£16,700

Total Cash In

£86,700

 

 

Cash Out

 

Room Rate

£594

Gross Rent

£2,376

Running Costs/mo

£1,845

Cashflow/mo

£531

Cashflow/yr

£6,369

ROI

7%

Gross Yield

10%

Local Sold Prices

50 sold prices from £150K to £850K, average is £395.8K. £1.8K/m² to £7.7K/m², average is £3.4K/m².

PriceDateDistanceAddressBeds 
£260K04/230.06 mi9, Ivory Road, Norwich, Norfolk NR4 7DT4
£290K08/240.1 mi156, Bluebell Road, Norwich, Norfolk NR4 7LN4
£273K03/230.11 mi63, Northfields, Norwich, Norfolk NR4 7ES4
£277.5K06/240.18 mi16, Ruskin Road, Norwich, Norfolk NR4 7DZ4
£300K03/230.19 mi209, The Avenues, Norwich, Norfolk NR4 7DN4
£252K03/210.2 mi120, The Avenues, Norwich, Norfolk NR4 7DP4
£512K10/210.21 mi24, Primula Drive, Norwich, Norfolk NR4 7LZ4
£250K06/210.31 mi102, North Park Avenue, Norwich, Norfolk NR4 7EG4
£350K07/230.32 mi561, Earlham Road, Norwich, Norfolk NR4 7TF4
£600K12/220.35 mi496, Earlham Road, Norwich, Norfolk NR4 7HP4
£195K03/210.43 mi25, Lound Road, Norwich, Norfolk NR4 7JQ4
£391.5K06/230.44 mi16, Earlham Green Lane, Norwich, Norfolk NR5 8HA4
£150K02/240.44 mi33, Scarnell Road, Norwich, Norfolk NR5 8HT4
£300K09/220.45 mi36, Henderson Road, Norwich, Norfolk NR4 7JW4
£350K08/230.46 mi122, Colman Road, Norwich, Norfolk NR4 7HB4
£412.5K11/220.47 mi465, Earlham Road, Norwich, Norfolk NR4 7HL4
£417.5K05/210.48 mi461, Earlham Road, Norwich, Norfolk NR4 7HL4
£485K07/230.48 mi447, Earlham Road, Norwich, Norfolk NR4 7HL4
£285K10/230.51 mi10, Harbord Road, Norwich, Norfolk NR4 7HJ4
£206K10/200.51 mi4, Filby Close, Norwich, Norfolk NR5 8DS4
£357K09/220.57 mi53, South Park Avenue, Norwich, Norfolk NR4 7AY4
£220K01/240.57 mi33, Irstead Road, Norwich, Norfolk NR5 8AR4
£240K02/210.58 mi10, Farrow Road, Norwich, Norfolk NR5 8AH4
£232K11/200.59 mi3, Nasmith Road, Norwich, Norfolk NR4 7BH4
£760K07/230.6 mi28, Jessopp Road, Norwich, Norfolk NR2 3QA4
£750K02/240.63 mi19, Le Strange Close, Norwich, Norfolk NR2 3PW4
£525K10/210.64 mi256, Earlham Road, Norwich, Norfolk NR2 3RH4
£423K03/210.64 mi262, Earlham Road, Norwich, Norfolk NR2 3RH4
£672K09/230.64 mi246, Earlham Road, Norwich, Norfolk NR2 3RH4
£343K11/220.64 mi45, Sotherton Road, Norwich, Norfolk NR4 7DA4
£237K11/200.64 mi45, Sotherton Road, Norwich, Norfolk NR4 7DA4
£258K11/200.65 mi6, Buttermere Road, Norwich, Norfolk NR5 8LP4
£330K09/220.68 mi76, Buckingham Road, Norwich, Norfolk NR4 7DQ4
£630K12/220.68 mi234, Earlham Road, Norwich, Norfolk NR2 3RH4
£400K11/230.7 mi37, Buckingham Road, Norwich, Norfolk NR4 7DE4
£425K12/200.7 mi11, Blakeney Close, Norwich, Norfolk NR4 7QP4
£380K10/220.7 mi10, Blakeney Close, Norwich, Norfolk NR4 7QP4
£710K06/230.7 mi132, Christchurch Road, Norwich, Norfolk NR2 3PG4
£755K03/230.7 mi150, Christchurch Road, Norwich, Norfolk NR2 3PG4
£575K12/200.7 mi128, Christchurch Road, Norwich, Norfolk NR2 3PG4
£608.5K12/220.72 mi24, Blakeney Close, Norwich, Norfolk NR4 7QP4
£557K06/210.72 mi165, Christchurch Road, Norwich, Norfolk NR2 3PJ4
£585K11/200.72 mi183, Christchurch Road, Norwich, Norfolk NR2 3PJ4
£776.2K12/200.73 mi5, Edenhurst Close, Norwich, Norfolk NR4 7QT4
£535K02/230.76 mi67, Christchurch Road, Norwich, Norfolk NR2 3NG4
£293K08/230.78 mi26, Highland Road, Norwich, Norfolk NR2 3NN4
£850K09/210.8 mi422a, Unthank Road, Norwich, Norfolk NR4 7QH4
£750K06/210.81 mi299, Unthank Road, Norwich, Norfolk NR4 7QA4
£640K12/200.81 mi10, Westgate Close, Norwich, Norfolk NR2 3NQ4
£650K10/220.81 mi47, Jessopp Road, Norwich, Norfolk NR2 3JF4

Local Area Statistics

Population in NR4

22,331

Population in Norwich

366,887

Town centre distance

2.08 miles away

Nearest school

0.10 miles away

Nearest train station

2.42 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-15%

Sales demand

Balanced market

Capital growth (5yrs)

+23%

Property History

Listed for £280,000

March 21, 2025

Floor Plans

Description

  • HMO property +
  • Close to UEA +
  • Off Road Parking +
  • Large Garden +
  • Four Bedrooms +

Four Bedroom property on The Avenues in the sought after NR4 location!

The Avenues is based in the popular NR4 district, with easy access into Norwich, the University is in walking distance and Hospital via regular bus routes. Local amenities are in plentiful supply, with supermarkets, petrol stations, schools, doctors, cafes and more in the nearby vicinity.

As you enter the property through the front porch you come into the main hallway of this home. To your right is a large downstairs bedroom running the length of the property overlooking both the front and the rear garden. To the left is the living room, which leads through to the fitted kitchenware with ample space for your kitchenware. along with integrated oven, hobs and extractor, with plumbing and space for a washing machine and fridge freezer. There is also a back door leading out to the garden.

Heading upstairs you will find the remaining bedrooms along with the bathroom compromising of a shower over bath, basin and towel rail. A separate WC is on this floor too.

To the rear of the property there is a garden comprising of a patio area with the rest laid to lawn. The property has the added luxury of an off-road parking space.

If you would like more information, or to book a viewing please call:

Agent Details

Leaders Sales, Norwich

01603 361921

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪