St. Stephens Road, Norwich NR1 1 bed flat for sale

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St. Stephens Road, Norwich NR1 1 bed flat for sale

St. Stephens Road, Norwich NR1
£132,000

Price History

Initial price £145,000
13/02/25 £132,000
Price Change -8.97%

Description

This 1-bedroom flat in Norwich is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features a lounge, kitchen, and bathroom, and is currently generating an annual gross income of £10,200, with potential to increase to £10,896 with long-term tenants already in situ. The tenants, who have been in the property for several years, have consistently paid their rent and have no intention of moving out, making for a smooth transition for the new owner. With its proximity to amenities and potential for rental returns, this property is a worthwhile addition to any investor's portfolio.