6 6

6 bed House - End Terrace - For Sale
Unthank Road, Norwich
£800,000 Leasehold With Share Of Freehold

  • Shared Freehold
  • Potential Gross Rental Yield of 7.5%
  • 6 Self Contained Units/Flats
  • Some Parking Available
  • Tenants In-situe
  • Recent Fire System Installation
  • Ground Rent and Service Charge Currently £75pcm (Per Flat)
This attractive semi-detached property presents a compelling opportunity for buy-to-let investors seeking a reliable income stream. Featuring six self-contained flats with a mix of studio and 1-bedroom options, the property boasts strong occupancy with existing tenants and the potential to increase rental income in some units.

Arlington Park are proud to present this attractive property on Unthank Road featuring 6 self contained apartments providing an excellent opportunity to a buy to let investor looking to add to their portfolio.

5 of the properties are currently occupied and all occupants wish to remain at the property, the 6th has recently undergone partial renovation and is a blank canvas for the new owner to create a space to their design. The property benefits from a new fire safety system installed in recent months.

Flat A (Basement Studio): This recently redecorated studio apartment boasts built-in wardrobes, a separate kitchen space, and a bathroom with a utility cupboard. It currently achieves a rental income of £750 per calendar month (pcm).

Flat B (Ground Floor 1-Bedroom): This ground-floor flat offers an open-plan living space, a separate utility room, a bathroom, and a bedroom with built-in wardrobes. Additionally, it comes with a designated parking space at the rear of the property. The current rental income sits at £900pcm.

Flat C (First Floor 1-Bedroom): This first-floor flat mirrors Flat B's layout, featuring an open-plan living space, a separate utility room, a recently updated bathroom, and a bedroom with built-in wardrobes. It also benefits from a designated parking space at the rear and achieves a rental income of £925pcm.

Flat D (Attic 1-Bedroom): This attic flat offers an open-plan living space with a recently updated bathroom and a bedroom with built-in wardrobes. While the current rental income is £700pcm, market value suggests it could reach around £850-£875pcm.

Flat E (Ground Floor 1-Bedroom - Renovation Opportunity): Located at the rear of the property, this flat currently presents a blank canvas for your design vision. While currently an empty shell with only plaster finish, power and water services remain active and in place. Its estimated rental value sits at £800-£825pcm upon completion.

Flat F (First Floor Studio): Accessed via a private staircase, this rear-facing studio flat features built-in wardrobes, a separate kitchen, and a bathroom. It boasts a recently installed gas boiler and achieves a rental income of £695pcm, with potential to reach around £750pcm based on current market value.

Additional Information:

The property holds a 6/11th share of the freehold, shared with the adjoining property.
Ground rent and service charges are currently £75 per month, per flat.
Some ongoing maintenance works, addressed through a Section 20 Notice, will be completed upon sale.

For further details on individual rents, leases, risk reports, or to arrange a viewing, contact Arlington Park directly on 01603 577255.

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For further details on this property please call us on:
01603 577255

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