Summary - 1 RACHEL CLOSE NORWICH NR5 8JF
4 bed 1 bath Semi-Detached
**Standout Features:**
- **Ideal Investment**: Located near UEA and Norwich University Hospital, this four-bedroom semi-detached house is perfect for investors, consistently rented to students and medical staff.
- **Current Rental Income**: Currently tenanted at £1,300 per month with tenants willing to renew or vacate.
- **Flexible Configuration**: Easily convert the downstairs bedroom back to a lounge, with three additional bedrooms upstairs.
- **Outdoor Space**: Front and rear gardens, with off-street parking for two vehicles and a detached garage.
- **Renovation Potential**: Needing modernization, similar homes can achieve rental incomes of over £1,800 per month post-renovation.
- **Council Tax Savings**: Very low, making it affordable for tenants or buyers alike.
**Potential Concerns:**
- **Condition**: The property requires renovations and is of non-standard construction, which may appeal more to cash buyers.
- **High Crime Rate**: Local area has a higher crime rate, essential to consider for personal security.
- **Local Deprivation**: The area is classified as hampered neighborhoods, indicating potential challenges but possibly lower competition for rental properties.
**Summary:**
This four-bedroom semi-detached house is a fantastic opportunity for investors seeking reliable rental income in a high-demand location near the University of East Anglia and Norwich University Hospital. Featuring a flexible layout that can cater to both families and students, it currently generates £1,300 monthly in rent from existing tenants. While it requires modernization, this allows you to increase your rental yield significantly; renovated properties in the area command over £1,800 per month. Off-street parking, a detached garage, and gardens add further appeal, especially for families. Although the area faces challenges with higher crime rates and some socio-economic deprivation, the property’s advantages and potential make it a worthwhile consideration for any savvy investor. Don’t miss out on this unique offering that promises both comfort and investment potential!
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