Summary - 38 VICARAGE ROAD NORWICH NR3 2HB
3 bed 1 bath Terraced
Let-ready investment with steady rent and scope for value uplift.
- Sold to investors only, tenants in situ paying £750 pcm
- Three bedrooms off landing, lounge and separate dining room
- Freehold Victorian mid-terrace with period features
- Bisected, small rear garden; limited outdoor space
- Gross rental yield approx. 5.2% at asking price
- Fast broadband and excellent mobile signal appeal to tenants
- Located in a very deprived area with high crime levels
- Nearby schools mixed; some rated Good or Outstanding
A straightforward buy-to-let opportunity in NR3, offered with tenants in situ paying £750 pcm (£9,000pa). This traditional Victorian mid-terrace provides three bedrooms, a separate lounge and dining room, kitchen, bathroom and a bisected rear garden — compact but usable for tenants.
The property is Freehold and currently produces a gross rental yield of about 5.2% based on the asking price of £172,000 and the current rent. Broadband speeds are reported as fast and mobile signal is excellent, helping tenant appeal. There is clear rental continuity with occupiers already in place.
Buyers should note material location considerations: the area is classified as very deprived with a high local crime rate. Nearby schools have mixed Ofsted outcomes. The house is best suited to experienced landlords or portfolios rather than an owner-occupier, and it will be sold with tenants in place.
The layout and period character offer straightforward lettable rooms and potential for value improvement through cosmetic updating, if desired. Interested investors should factor management, local market conditions and tenancy continuity into their purchase decision.
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