Currently generates £29,760pa; projected income £32,520pa with rent reviews
Flexible 4/5-bed, three-storey layout; potential top-floor conversion
Two bathrooms plus ground-floor WC — good for HMO or family use
Modern kitchen/diner with direct access to enclosed rear garden
Off-road parking and integral garage provide storage and tenant appeal
Small plot and limited external outlook; not a large garden
High local crime and very deprived area could affect demand
Some rents below market; modest refurbishment or reconfiguration needed
This three-storey 4/5-bedroom semi-detached house on Attoe Walk offers clear rental credentials and flexible family accommodation. Currently let as multi-occupancy, it produces £29,760 per year with scope to increase to £32,520 p.a. by bringing rents in line with local market levels. The layout includes two full bathrooms plus a ground-floor WC, making it straightforward to manage as an HMO or adapt for family living.
The property has practical modern fittings including a contemporary kitchen/diner with direct garden access, double glazing and gas central heating. Off-road parking and an integral garage add tenant appeal and storage, while the enclosed rear garden is low-maintenance. The top floor offers potential to be converted into a self-contained unit or premium room to boost income, subject to planning and building regulations.
Buyers should note material area concerns: the neighbourhood has a higher crime rate and significant deprivation indicators, which may affect lettings and long-term capital growth. The plot is small and external outlooks are unremarkable. Some rooms and finishes are standard rather than premium, and several rents are currently below market so modest investment or reconfiguration is required to achieve the higher projected income.
Overall this is a practical, marketable HMO or family home for a buyer who understands the local rental market. Investors can expect an immediately operational income stream with realistic upside after modest management or refurbishment. Families will find a roomy, adaptable house in a well-connected location close to Norwich city centre and local schools.
