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6 bed detached house for sale

£550,000

Edward Gambling Court, Norwich NR2

6 bed detached house for sale 6 3 3
Interested in this property? Call +44 1603 398850 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • An Exciting Opportunity For All Landlords & Investors
  • Two 2 Bedroom Flats & A 2 Bedroom Detached Bungalow
  • Popular Location
  • Close To Local Amenities
  • All Currently Rented Out Giving A Substantial Annual Return Of £28,800

Property description

Attention, landlords and investors! Prepare to embark on an exciting journey with an incredible opportunity awaiting you. We present to you three properties nestled within a thriving lettings portfolio, featuring two cosy two-bedroom flats and a detached, inviting two-bedroom bungalow. Situated off Dereham Road, to the West of Norwich City centre, these properties offer convenience and charm in equal measure. Generating an impressive income, each property commands approximately £800 per calendar month, resulting in a substantial annual return of £28,800. What's more, all three properties are currently occupied by tenants under fixed term Assured Shorthold Tenancies, ensuring a steady flow of income from day one. But that's not all! These properties, built in 2016, boast modern amenities including off-road parking, luxurious travertine bathrooms, energy-efficient air source heat pumps, and comforting underfloor heating. Additionally, each property features its own separate garden, adding a touch of tranquillity and privacy. Don't miss out on this golden opportunity to add these high-quality, income-generating properties to your portfolio. Act now and secure your foothold in Norwich's vibrant property market.

Our vendor, due to retirement, is offering these three rental properties at a discounted rate. Individually, each of the two-bedroom flats would be valued at £175,000, while the detached two-bedroom bungalow would be valued at £250,000, totalling £600,000.

Notice
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose. Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.

Property info

Floorplan(s): Floorplan 1

View original

Property value data/graphs for NR2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £806,334 £275 3.8 £641,762
Semi-detached £368,644 £307 3.4 £421,303
Terraced £326,566 £264 3.0 £306,798
Flats £241,532 £259 1.8 £157,803

Current asking prices in NR2

Average: £361,598
Avg. current asking prices in NR2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £130,000
(1)
£265,962
(26)
£351,032
(61)
£544,190
(21)
£717,499
(8)
Flats £145,500
(30)
£221,316
(19)
£221,667
(6)
- -
All £145,000
(31)
£247,111
(45)
£339,447
(67)
£544,190
(21)
£717,499
(8)

Current asking rents in NR2

Average: £1,167 pcm
Avg. current asking prices in NR2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £613 pcm
(22)
£1,200 pcm
(1)
£1,631 pcm
(8)
£1,842 pcm
(9)
£1,938 pcm
(4)
Flats £664 pcm
(30)
£1,525 pcm
(6)
- £2,999 pcm
(1)
-
All £642 pcm
(52)
£1,478 pcm
(7)
£1,631 pcm
(8)
£1,958 pcm
(10)
£1,938 pcm
(4)

Fun facts for NR2

Highest value in NR2
Highest value streets Zed-Index
Chapel Field Road £893,881
Albemarle Road £807,642
Ipswich Grove £573,726
Le Strange Close £543,489
The Avenues £511,798
Highest turnover in NR2
Highest turnover streets Turnover
Upper St. Giles Street 108.3%
Valentine Street 38.5%
Grange Road 33.3%
Rose Valley 31.4%
Thomas Wyatt Close 31.2%
Arrange Viewing

For more information about this property, please contact
Pymm & Co, NR1 on +44 1603 398850 * (local rate)

Monthly running costs Beta

£2,550 Monthly total

Mortgage

Purchase price
Deposit (10%) 55,000
Repayment term 25
Interest rate 2.0
Your payment £2,098 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Energy

Gas £54 Electricity £90 Estimated energy cost £144/mo

Similar properties could save up to £347

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 24900 kWh/year
Electricity: 6800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Norwich

Estimated tax band F Council tax cost £248 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £27 Sewerage £33 Estimated water cost £60 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Pymm & Co about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pymm & Co, and do not constitute property particulars. Please contact Pymm & Co for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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