Summary - Flat A, 115, Earlham Road NR2 3RF
6 bed 6 bath Terraced
Five self-contained flats with strong rental income in central NR2.
Gross annual income £38,940 across five tenanted flats
This substantial Victorian mid-terrace in Norwich’s sought-after Golden Triangle is arranged as five self-contained flats, all currently tenanted and producing a gross annual income of £38,940. The building is freehold and sits behind a small front area with access to communal rear gardens and on-street permit parking. The flats each have separate meters and basic kitchen and bathroom facilities.
The property presents a clear income-generating asset for an investor seeking immediate cashflow — the advertised guide price of £475,000 gives a strong gross yield (approximately 8.2%). Accommodation is practical rather than luxurious: rooms are generally medium-sized, many units use electric heaters, and double glazing was installed prior to 2002. There is no record of modern wall insulation (solid brick construction), so heating performance is likely below modern standards.
Maintenance and refurbishment will be necessary to improve tenant appeal and long-term energy performance. Each flat has basic fixtures and electric showers; some fittings and finishes are dated and will benefit from updating. Buyers should budget for energy upgrades, possible redecoration, and routine maintenance typical of a Victorian conversion of this age.
This property is best suited to a buyer looking for an income-producing building with upside through refurbishment, rent reviews or management efficiencies. Prospective purchasers should verify tenancy agreements, service condition, and compliance with current regulations (electrical, fire, and gas where relevant) and commission their own surveys before purchase.
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