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4 bedroom house of multiple occupation for sale
Dereham Road, Norwich, Norfolk, NR2
£280,000
Dereham Road, Norwich, Norfolk, NR2
£280,000
Price History
Initial price | £300,000 |
28/11/24 | £280,000 |
Price Change | -6.67% |
Description
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Here is a summary of the property description in a single paragraph without a list:
This 4-bedroom freehold end-terrace HMO in Norwich is a prime investment opportunity, offering a high-demand property in a sought-after location. The property is within walking and cycling distance of the City Centre, Norwich University of the Arts, and the University of East Anglia, making it an ideal choice for students and young professionals. The property is fully occupied, generating a current gross monthly rental income of £2,120 and a gross annual rental income of £25,440, with a market value purchase price of £330,000 and a gross yield of 7.71%. The property is well-maintained and designed for tenant comfort, ensuring continued high demand and reliable occupancy. With minimal ongoing expenses and a strong rental income, this property represents a hassle-free investment with steady returns.