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6 bed detached bungalow
Earlham Green Lane, Norwich NR5
£350,000
Earlham Green Lane, Norwich NR5
£350,000
Our Summary
- Internally, it offers spacious communal areas, two bathrooms plus an additional WC, and potential to convert into four self-contained units for added value
- The large rear garden and patio areas provide further lifestyle appeal, and there's potential to reconfigure the layout into four self-contained units with private bathrooms, adding further value and rental uplift potential
- Potential to convert into four self-contained units with en-suite bathrooms
Description
This fully renovated 6-bed licensed HMO in Norwich's NR5 area offers an impressive 10% gross yield at a £360,000 purchase price. The property features solar panels, an outstanding a-rated EPC, and low annual utility costs of just £2,200, ensuring excellent net returns. Located just a short walk from the University of East Anglia and Norfolk & Norwich Hospital, it attracts strong demand from both students and professionals. The property has enjoyed full occupancy since 2015 with no voids, supported by minimal maintenance and quiet neighbours. With recent HMO inspection approval and possible interest from the council for alternative letting schemes, this is a turnkey, low-risk investment in one of Norwich's most consistent rental hotspots.