Initial price	£400,000
05/08/25	£350,000
Price Change	-12.50%

This fully renovated 6-bedroom licensed HMO in Norwich's NR5 area offers an annual income of £36,000, delivering a 10% gross yield at a £360,000 purchase price. The property is ideally located near the University of East Anglia and Norfolk & Norwich Hospital, attracting strong demand from students and professionals. With solar panels, an A-rated EPC, and low annual utility costs of £2,200, it provides excellent net returns. The property features spacious communal areas, two bathrooms, and an additional WC, and has been fully occupied since 2015 with no voids. It also has potential to be converted into four self-contained units for added value. The local council has expressed interest in using the property for alternative letting schemes, making it a turnkey, low-risk investment in one of Norwich's most consistent rental hotspots.