Take advantage of this BMV 5-bedroom HMO in Norwich. Set in a sought after area close to both the rail and road system, this HMO is suited for the professionals market and is currently tenanted by local professionals. The property is in superb condition and requires no updating upon purchase.

Currently generating £2,700 pcm including bills, this produces a decent 9% yield. The property is BMV due to quick sale required. The property has a license as an HMO until August 2028 with Norwich City Council.

The property consists of 5 bedrooms, living room, kitchen, small garden and a garage with an extra parking space in front of the house. This is a must-add to the portfolio of any investor in HMO's.

The financials:
▪ Purchase price: £310,000
▪ GDV: £370,000
▪ Refurb costs: £5,500
▪ Annual profit: £15,728
▪ ROCE: 24%
▪ Yield: 9%

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.