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Caister-On-Sea

48  High Street
Caister-on-Sea
NR30 5EH

E: caister@minorsandbrady.co.uk
T: 01493 806188

Lettings

Station Road
Hoveton
NR12 8UR

E: lettings@minorsandbrady.co.uk
T: 01603 801844

Wroxham

6  Church Road
Wroxham
NR12 8UG

E: homes@minorsandbrady.co.uk
T: 01603 783088

Dereham

9a  Market Place
Dereham
NR19 2AW

E: dereham@minorsandbrady.co.uk
T: 01362 700820

Norwich

107  Unthank Road
Norwich
NR2 2PE

E: norwich@minorsandbrady.co.uk
T: 01603 365085

 

Diss

46-47 Mere St
Diss
IP22 4AG

E: diss@minorsandbrady.co.uk
T: 01379 771444

Oulton Broad

2a Ivy Lane
Oulton Broad
NR33 8QH

E: oultonbroad@minorsandbrady.co.uk
T: 01502 447788

Sold STC

Primula Drive, Norwich

Offers In Excess Of £395,000Freehold

521
Brochure

Key Information

Tenure:Freehold
Council tax band:D
Broadband:up to 1000Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Key Features

High yield investment achieving an impressive 6.8% percent rental yield, making it a lucrative opportunity for landlords
Licensed HMO, fully compliant with a current house in multiple occupation license, ready for tenants to move in
Versatile potential, easily converted back into a spacious family home with architectural plans already in place for a ground floor extension
Spacious interior, featuring large double bedrooms, a bright and airy living space, and a modern well-equipped kitchen
Additional amenities, separate utility room, downstairs shower room with WC, and a three-piece main bathroom
Prime corner plot, generous plot size offering further potential for expansion or future value addition
Outdoor appeal, southwest-facing garden with a patio, lawn, and mature hedging providing a private and sunlit outdoor space
Garage and parking, off-road driveway parking and a brick-built garage offering ample storage or potential for conversion
Furniture included (optional), all furnishings can be included in the purchase price

Description

This fantastic investment opportunity boasts an impressive 6.8% rental yield and a current HMO license, making it a prime choice for landlords looking to expand their portfolio. Recently refurbished and redecorated late last year, the property is fully compliant and ready for tenants, with the added benefit that all furniture can be included in the purchase price if required. For those looking beyond investment, the home also holds incredible potential to be returned to a stunning family residence, with architectural plans already in place to extend the ground floor.

Location

This property is situated south of Norwich in the highly desirable area of Eaton, only a short drive into the city centre. A quiet and peaceful, with many green spaces and parks nearby, including Eaton Park and Earlham Park and many beautiful river walking routes. There are also several shops, cafes, and restaurants in the area, including The Cellar House, which is a popular pub with a great selection of food and drinks. Additionally, the property is in a great location for schooling, perfect for families with young children.

Primula Drive

Upon entry, a welcoming entrance hall leads into a spacious living area, offering ample room for comfortable furnishings and a dedicated dining space, perfect for socialising or group gatherings. The well-equipped kitchen is fitted with modern units and appliances, allowing for easy meal preparation. A separate utility room provides a practical laundry area, alongside a handy shower room and WC, adding extra convenience for tenants or residents.

Upstairs, the property features four generously sized double bedrooms, each offering comfort and versatility, whether for tenants or a growing family. The main bathroom includes a three-piece suite, ensuring practicality for multiple occupants. The large corner plot provides further opportunity for future enhancements, making this home not only a high-yield rental but also a strong long-term asset.

Externally, the property sits in a quiet residential area with no through traffic, offering a peaceful setting. The driveway provides off-road parking, while the front lawn adds curb appeal. To the rear, the southwest-facing garden enjoys plenty of natural sunlight, featuring a patio area ideal for outdoor seating, a well-maintained lawn, and mature hedging for privacy. A brick-built garage at the end of the garden offers substantial storage and holds potential for conversion, providing even further scope for value addition.

Agents Note

Sold Freehold

Connected to all mains services

Viewings not available

City Academy Norwich
(0.09 miles)
Requires improvement
Number of pupils: 646
Age Range: 11 - 19
Bluebell Primary School
(0.24 miles)
Good
Number of pupils: 234
Age Range: 3 - 11
West Earlham Infant and Nursery School
(0.33 miles)
Outstanding
Number of pupils: 251
Age Range: 2 - 7
West Earlham Junior School
(0.33 miles)
Good
Number of pupils: 232
Age Range: 7 - 11
Henderson Green Primary School
(0.46 miles)
Requires improvement
Number of pupils: 179
Age Range: 5 - 11
St Francis of Assisi Catholic Primary School
(0.7 miles)
Good
Number of pupils: 416
Age Range: 4 - 11
Norwich Primary Academy
(0.71 miles)
Good
Number of pupils: 318
Age Range: 5 - 11
Future Education
(0.77 miles)
Requires Improvement
Number of pupils: 33
Age Range: 13 - 16
Eaton Hall Specialist Academy
(0.77 miles)
Good
Number of pupils: 57
Age Range: 5 - 18
Colman Junior School
(0.8 miles)
Good
Number of pupils: 235
Age Range: 7 - 11

Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
£1,976 /mo.25 Years, 4.5% Interest
Loan
£355,500
Total Repay
£592,795

Stamp Duty

You’ll have to pay the stamp duty of:
£9,750
0% up to £125,000
2% from £125,000 to £250,000
5% from £250,000 to £395,000
Your effective stamp duty rate is 2.47%

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