With a 7.7% investment yield and £2,750 monthly rental income, this impressive five-bedroom property in NR4 offers exceptional potential, particularly as a fully licensed HMO. Its prime location near the University of East Anglia (UEA) and the Norfolk and Norwich University Hospital (NNUH) guarantees strong, consistent rental demand. The spacious layout provides ample living areas, while the proximity to local amenities and transport links ensures convenience for tenants. With its excellent investment potential, this property offers both immediate returns and long-term value.

The Location

Peckover Road in Norwich is situated in a well-established residential area on the city’s southern edge. This location is conveniently positioned close to local amenities, including a range of shops, schools, and recreational facilities. The road benefits from excellent transport links, with regular bus services providing easy access to Norwich city centre, which is approximately 3 miles away.

Nearby, the University of East Anglia and the Norfolk and Norwich University Hospital are within a short distance, making it a desirable location for students and healthcare professionals. The area is also known for its green spaces, with several parks and nature reserves in the vicinity, offering opportunities for outdoor activities and leisure.

Peckover Road

This modern five-bedroom property is a standout investment, offering an impressive 7.77% yield, which makes it an excellent choice for anyone looking for strong returns. Perfectly suited for student living, the property has a proven track record with successful rentals, ensuring the potential for continued high-demand occupancy. The home features five spacious double bedrooms, each thoughtfully designed to offer comfort and ample space, accommodating a range of living arrangements for its residents.

The contemporary kitchen, which is only one year old, is equipped with all the essentials for day-to-day living. It’s a space that makes cooking and socialising easy, while two bathrooms provide added convenience, reducing the wait time for tenants and offering greater comfort for everyone.

Outside, the property boasts an enclosed rear garden, a private space that provides the perfect setting for relaxation or social gatherings, offering students a quiet setting after a busy day. The front parking area adds another layer of appeal, offering a secure place for tenants with vehicles.

Fully licensed as an HMO and with a boiler installed in 2018, this property represents a solid investment opportunity with strong student let potential. Its adaptable design ensures it can comfortably accommodate groups, all while maintaining modern living standards. The successful rental history, coupled with these thoughtful updates, ensures that this property remains a top choice for those looking to invest in student housing with a high return on investment.

Agents Note

Sold Freehold

Connected to all mains services