Summary - 40 EARLHAM GREEN LANE NORWICH NR5 8HE
6 bed 2 bath Detached Bungalow
**Standout Features:**
- Guide Price: £350,000 - £375,000
- 10% gross yield based on £36,000 annual rental income
- Fully licensed 6-bedroom HMO with license valid until 2029
- Solar panels and A-rated EPC (96/99) - energy-efficient
- Minimal running costs (~£2,200/year including utilities)
- Potential to convert into four self-contained units with en-suite bathrooms
- Prime NR5 location, close to UEA and Norfolk & Norwich Hospital
- Fully tenanted until September next year with a strong rental history
This fully renovated, six-bedroom bungalow in the highly sought-after NR5 area of Norwich presents an exceptional investment opportunity with a 10% gross yield. Priced competitively between £350,000 - £375,000, it generates a reliable annual income of £36,000, confirmed with tenants contracted until September 2024. The property has consistently achieved full occupancy since 2015, supported by its strategic location close to the University of East Anglia and Norfolk & Norwich University Hospital, perfect for both students and professionals alike.
Offering substantial energy efficiency with solar panels, an outstanding EPC rating of A, and low running costs of approximately £2,200 per year, this low-maintenance asset ensures excellent net returns. Additionally, the potential to convert the space into four self-contained units for added value and rental uplift makes this property even more attractive. With spacious communal areas, two bathrooms plus an additional WC, and a large rear garden, it caters comfortably to tenant needs. Don't miss the chance to secure this turnkey investment in a resilient rental market—explore the unique potential and enduring appeal of this HMO today!
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