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4 bedroom semi-detached house for sale
Rachel Close, Norwich, NR5
£207,500
Rachel Close, Norwich, NR5
£207,500
Price History
Initial price | £249,950 |
29/06/25 | £239,950 |
24/07/25 | £229,950 |
17/10/25 | £207,500 |
Price Change | -16.98% |
Description
This 4-bedroom semi-detached house is a fantastic investment opportunity, located extremely close to the University of East Anglia (UEA) and the hospital. The property has been tenanted by students and medical staff for many years, always letting out instantly and in high demand. Currently, it's tenanted to 4 medical staff on an Assured Shorthold Tenancy Agreement until September 2025, producing a monthly rent of £1300. With some internal improvements and modernization, the property could achieve a much higher income, similar to renovated properties in the area that can earn over £1800 per month. The house features a reception room, kitchen, conservatory, front porch, and detached concrete garage with off-street parking for 2 vehicles. The property also has gardens to the front and rear, and the attic is boarded out and insulated, providing a useful storage space. All furniture and appliances are included if the full asking price is achieved, otherwise negotiable at a fair price.