Sotherton Road, Norwich, Norfolk

Description

Save over Â£20,000 in Stamp Duty
SPV for sale - 0.5% Stamp Duty
Cash flowing investment yielding 9.8%
5 bedroom mid terraced house
Highly desirable en-suites to all 5 bedrooms
HMO Licence until 2027
Double glazing and gas central heating
Prime location, ideally located for UEA & professionals
Offered for sale with No Onward Chain
Off-road parking and enclosed rear garden

Habi Property are delighted to offer for sale a fully licensed 5 bedroom, 5 en-suite HMO generating a 9.8% gross yield on a Â£350,000 purchase price. This HMO is held within a Special Purpose Vehicle (SPV), meaning buyers can benefit from a lower Stamp Duty rate of 0.5% should they opt to purchase the SPV. The property currently brings in an impressive Â£34,500 gross annual rental income and is fully occupied, so this investment cash flows from day one. With a valid HMO license until 2027, investors gain both security and peace of mind. This turnkey investment is in good condition, meeting all safety and regulatory standards, making it ideal for those seeking reliable rental income without extensive setup work. Positioned in a high-demand area near amenities, transport, and educational institutions, the property is designed for low void periods and continuous tenant demand. This opportunity combines solid income potential with long-term demand, making it ideal for new and experienced investors alike. Contact us to learn more and secure this valuable addition to your portfolio. Agents note: Some of the images used are of a similar property owned by the same landlord.