Motum Road, NORWICH
HA

Motum Road, NORWICH

By haart

£ 425,000

Reviews

3 out of 5 stars

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

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
188,750.00 £
Decreased by 28.85 %
from 265,270.00 £
Average area rental value
993.00 £/mo
Decreased by 3.31 %
from 1,027.00 £/mo
Est rental Yield
6.31 %
Increased by 35.70 %
from 4.65 %
Crime Rate
8.00 %
Unchanged by 0.00 %
from 8.00 %

Agent Activity

  • haart created the listing.

Nearby Schools

NameTypeOfstedDistance
Future EducationOther Independent Special SchoolRequires improvement0.30 KM
Earlham Nursery SchoolLocal Authority Nursery SchoolOutstanding0.31 KM
Norwich Primary AcademyAcademy Sponsor LedGood0.33 KM
Earlham Early Years CentreChildren's Centre0.33 KM
West Earlham Infant And Nursery SchoolCommunity SchoolOutstanding0.40 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
George Dance Place £ 000.00 KM
Hanbury Close £ 000.00 KM
Jamieson Place £ 000.00 KM
Gunton Lane £ 000.00 KM
Leewood Crescent £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Norwich7309NRW7.05 KM

Nearby Listings

AddressPriceTypeScoreDistance
Motum Road, NORWICH £ 425,000BUY6 / 100.00 KM
Motum Road, Norwich £ 235,000BUY6 / 100.09 KM
Earlham Green Lane, West Norwich £ 450,000BUY7 / 100.15 KM
Douglas Haig Road, Costessey, Norwich £ 300,000BUY7 / 100.26 KM
Cadge Close, Costessey £ 240,000BUY7 / 100.28 KM

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74 Earlham Green Lane £ 116,3440.17 KM