Plumstead Road, Norwich, Norfolk, NR1 Property for sale

***FULLY LET 6-BEDROOM HMO INVESTMENT OPPORTUNITY WITH 10% RENTAL YIELD***

An excellent opportunity to acquire a fully licensed 6-bedroom HMO producing a strong and established rental income of £3,160 PCM (£37,920 per annum), inclusive of bills. The property is currently operating at full occupancy and is let exclusively to working professionals, providing immediate income from day one.

The accommodation comprises six well-proportioned double bedrooms, offering highly desirable accommodation within the local rental market. The property benefits from a full HMO licence in place until 2029, providing investors with confidence in its continued operation as a compliant and successful rental investment. Based on the current income, the property is achieving an attractive gross rental yield of 10.1%.

In addition to its existing income stream, the property offers significant scope to increase future returns. The substantial loft space presents an opportunity to create two additional bedrooms, subject to the necessary consents, while the rear garden offers potential for extension, further enhancing both rental income and capital value.

Externally, the property also benefits from two garages, providing useful storage space and additional flexibility for future use, subject to any required permissions.

This is a rare opportunity to acquire a high-performing HMO investment that combines strong immediate cash flow, full occupancy, a double-digit gross yield, and considerable development potential, making it an attractive proposition for investors seeking both income and future growth.

Please note that an AML fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.