Summary - 114a, Eade Road, NORWICH NR3 3EJ
5 bed 1 bath Block of Apartments
**Standout Features:**
- Freehold residential investment previously generating £22,500 per year in rental income.
- Comprises three self-contained dwellings:
- 2-bedroom ground floor flat (57 sq/m)
- 3-bedroom maisonette with potential over three floors (89 sq/m)
- 1-bedroom two-storey home (45 sq/m)
- Total area of 958 sq ft with a communal garden.
- Investment potential and renovation opportunity; previous rental rates indicate solid income potential.
- Auction guide price: £200,000.
**Summary:**
This Victorian semi-detached property offers a promising investment opportunity in a vibrant cosmopolitan neighborhood ideal for families and students. With three self-contained units, previously generating a total rental income of £22,500 per annum, the potential for lucrative returns is clear. The larger three-bedroom house requires modernization but offers ample space and versatility, making it perfect for either family living or as a profitable rental unit. While the property shows signs of needing renovation and may require retrospective planning permission, its location in a bustling area means that upgrades could significantly increase its value and attractiveness to future tenants.
Don't miss out on the opportunity to enhance this historic fixer-upper into a sought-after rental asset. With auction bidding opening at £200,000 on June 18, 2025, take action now to secure your stake in this potential-rich property!
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