Summary - 14 WILBERFORCE ROAD NORWICH NR5 8NE
5 bed 1 bath Semi-Detached
Ready-income student HMO near UEA with expansion potential and parking.
- Established 5-bed HMO generating £23,940 per year (c.7% gross yield)
- Short walk to UEA; strong student demand
- Off-street parking for three to four vehicles
- Potential to extend to side or rear (STPP)
- Single bathroom for five bedrooms; lettings impact
- EPC Rating C; double glazing and mains gas heating
- Located in a very deprived area with above-average crime
- Chain free and immediate rental income
This chain-free, five-bedroom semi in NR5 is offered as an established student HMO generating £23,940 p.a. (c.7% gross yield). Situated within easy walking distance of the UEA, the property is already configured for high-demand student lets and delivers immediate rental income with a new tenancy for 2025–26.
The house is well presented with a modern kitchen, gas central heating, double glazing and off-street parking for three to four cars. There is scope to increase value and space by adding a side or rear extension, subject to planning permission. The front, side and rear gardens provide outdoor space and a decent plot for potential alteration or development.
Buyers should note material considerations: the property sits in a very deprived area with above-average local crime, and the layout provides only one bathroom for five bedrooms, which may affect letting flexibility and tenant satisfaction. While EPC rating is C and services are in place, purchasers are advised to verify appliances and utilities independently.
Overall, this is a straightforward income-led purchase for investors targeting the student market or landlords able to manage refurbishment and let-side demands. The combination of location, existing HMO licence and immediate income make it a practical addition to a rental portfolio, with clear options to add value through extension or internal reconfiguration.
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