An excellent investment opportunity to acquire this multi let four bedroom property, ideally situated and offering strong rental returns with a current annual combined income of £20,400. The property also benefits from planning permission for a single storey side extension, which would provide two additional bedrooms and a communal living area, further enhancing its income potential (Planning Ref: 20/00676/F). The accommodation comprises an entrance hall leading to a quality fitted kitchen/diner, utility room, adjoining shower room, ground floor bedroom four, and a comfortable communal lounge. On the first floor, there are three further bedrooms, a shared shower room, and a separate cloakroom off the landing. The property benefits from double glazing and gas central heating, ensuring comfort and efficiency throughout. Outside, there is a front garden, an enclosed private rear garden providing outdoor space for tenants, and a driveway to the side offering off road parking. This is a superb opportunity for investors seeking a ready made income producing property with excellent scope to expand and increase future returns. Early viewing is highly recommended.
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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.
Council Tax
Norwich City Council, Band B
Utilities
Electric: Mains Supply
Gas: Mains Supply
Water: Mains Supply
Sewerage: Mains Supply
Broadband: FTTC
Telephone: Unknown
Other Items
Heating: Gas Central Heating
Garden/Outside Space: Yes
Parking: Yes
Garage: No
Location
Lovelace Road is ideally located to the West of Norwich City centre, offering excellent access to a wide range of local amenities and key institutions. The property is situated within close proximity to the University of East Anglia and the Norfolk and Norwich University Hospital, making it a convenient choice for students, professionals, and families alike. There are a variety of shops, schools, and doctors nearby, along with good public transport links providing easy travel in and out of the City. The location also benefits from quick access to the A11 and the Southern bypass, making it ideal for commuters. In addition, residents can enjoy nearby local parks and green spaces, perfect for leisure and recreation.
