haart says ..
A fantastic ongoing investment opportunity, six bedroom HMO located in NR5
Property Oracle says ..
This six-bedroom property located on Motum Road in Norwich presents itself as a potentially suitable investment opportunity, especially considering its HMO potential. The location in Wensum offers access to several schools and is not far from the city centre, which is convenient. The property itself displays a blend of updated and older features. The kitchen shows modern appliances and cabinetry, while the bathrooms showcase a mix of old and new finishes. The garden, while present, appears to be of modest size, which may appeal to buyers who prefer a manageable outdoor space. A significant advantage is the inclusion of outbuildings. The absence of crucial details such as square footage prevents a definitive assessment of its value for money compared to local properties. While the overall condition and features suggest a reasonable price point, a precise comparison requires additional data regarding the property’s dimensions and an appraisal of the potential rental income given its HMO nature. A property survey would be recommended before purchase.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 4
- Bedrooms
- 6
- Bathrooms
- 2
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Metrics Year-on-Year
- Average area value
- 188,750.00 £Decreased by 28.85 %
- Average area rental value
- 993.00 £/moDecreased by 3.31 %
- Est rental Yield
- 6.31 %Increased by 35.70 %
- Crime Rate
- 8.00 %Unchanged by 0.00 %
Agent Activity
haart created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Future Education | Other Independent Special School | Requires improvement | 0.30 KM |
| Earlham Nursery School | Local Authority Nursery School | Outstanding | 0.31 KM |
| Norwich Primary Academy | Academy Sponsor Led | Good | 0.33 KM |
| Earlham Early Years Centre | Children's Centre | 0.33 KM | |
| West Earlham Infant And Nursery School | Community School | Outstanding | 0.40 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| George Dance Place | £ 0 | 0 | 0.00 KM |
| Hanbury Close | £ 0 | 0 | 0.00 KM |
| Jamieson Place | £ 0 | 0 | 0.00 KM |
| Gunton Lane | £ 0 | 0 | 0.00 KM |
| Leewood Crescent | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Norwich | 7309 | NRW | 7.05 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Motum Road, NORWICH | £ 425,000 | BUY | 6 / 10 | 0.00 KM |
| Motum Road, Norwich | £ 235,000 | BUY | 6 / 10 | 0.09 KM |
| Earlham Green Lane, West Norwich | £ 450,000 | BUY | 7 / 10 | 0.15 KM |
| Douglas Haig Road, Costessey, Norwich | £ 300,000 | BUY | 7 / 10 | 0.26 KM |
| Cadge Close, Costessey | £ 240,000 | BUY | 7 / 10 | 0.28 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 118 Earlham Green Lane | £ 133,000 | 0.17 KM |
| 88 Earlham Green Lane | £ 198,000 | 0.17 KM |
| 64 Earlham Green Lane | £ 217,000 | 0.17 KM |
| 130a Earlham Green Lane | £ 185,500 | 0.17 KM |
| 74 Earlham Green Lane | £ 116,344 | 0.17 KM |