Residential Investment Norwich NR2

Guide Price : £475,000 - £525,000. The property comprises a semi-detached house dating back to late Victorian/Edwardian times, being constructed of part rendered brickwork with a pitched tiled roof covering along with single storey flat roofed rear portion, and located in a conservation area. The property has been let for many years and comprises 3 studio flats, a 1 bed flat and a 2 bed flat. Four out of the five flats are currently let under the terms of assured shorthold tenancies, these four collectively producing a gross annual income of circa £29,000 and the fifth previously generating an additional gross income of £7,000 per annum approximately.