Witard Road, Norwich, NR7

Ref DH0707 - This well-maintained mid-terraced property offers a fully operational 5/6 bedroom HMO investment, sold with no onward chain. The property is presented in excellent condition and has been thoughtfully designed to appeal to professional tenants, providing a consistent and reliable income stream.

Five of the rooms are tastefully furnished, featuring a bed with mattress and cover, a wardrobe, drawers, a bedside table, a mirror and blinds. The sixth bedroom has been turned into a utility area. Every room benefits from a keyless entry system, TV point and USB plug sockets, offering both comfort and practicality.

The generous communal kitchen is fully equipped with two ovens, two sinks, a hob, a breakfast bar and stools, along with appliances including a washing machine, microwave, toaster, kettle and fridge-freezer. A TV with Now TV access is included, and a cleaner attends the communal areas fortnightly to maintain them.

There are two shared bathrooms, while one bedroom enjoys the added benefit of a private shower. Outside, the rear garden provides useful bike storage, with on-street parking available nearby.

The property features a neutral décor, LED lighting, and a smart thermostat for enhanced energy efficiency. It meets all current HMO safety standards, including smoke, heat and carbon monoxide alarms, fire doors, emergency lighting, and PAT testing. Current safety certificates (Gas, EICR and Legionella) will be provided.

 
Location
Positioned on Witard Road, the property enjoys a highly convenient setting, directly opposite local shops and amenities, with a bus stop just a few steps away, offering easy access to Norwich city centre. The location is popular with working professionals thanks to its proximity to major employers, supermarkets and transport links.

Ample on-street parking is available, and residents benefit from nearby green spaces and cycle routes connecting to the city and beyond.

 
Investment Summary
This property represents a ready-made investment opportunity with strong and proven returns. Fully let and professionally managed, it currently produces a gross income of approximately £32,400 per annum, equating to a gross yield of around 11.2% at the asking price of £290,000.

Running costs are controlled through an inclusive rental structure with a fair usage policy for utilities (£350 per month allowance). The property’s compliance, furnishing and strong tenant demand make it a turnkey opportunity for both new and experienced landlords seeking a high-yielding, low-maintenance addition to their portfolio.

Important Information on Anti-Money Laundering Check...

We are required by law to conduct Anti-Money Laundering checks on all parties involved in the sale or purchase of a property. We take this responsibility seriously and follow HMRC guidance to ensure the accuracy and continuous monitoring of these checks. Our partner, Move Butler, will conduct the initial assessment on our behalf. They will contact you, and where possible, a biometric check will be sent to you electronically only once your offer has been accepted.
As an applicant, you will be charged a non-refundable fee of £30 (inclusive of VAT) per buyer for these checks. The fee covers data collection, manual checking, and monitoring. You must pay this amount directly to Move Butler and complete all Anti-Money Laundering checks before your offer can be formally accepted. You must also provide evidence of how you intend to finance your purchase before you will receive a formal acceptance of your offer.