Thorpe Road, Norwich, NR1 1RY
Asking Price £840,000
- 10 Bedrooms
- 9 Bathrooms
Fully let student accommodation investment in a highly prominent central location in Norwich set within walking distance to the city centre and on both of the main university bus route services.
- Fully let student accommodation investment
- Prominent central location in Norwich
- Tenure Freehold
- Net internal area of c. 175.91 sq m (1,895 sq ft)
- 2 Parking spaces and 10 bike storage spaces
- Projected net operating income of £87,782 for the 2022/23 academic year
14 Thorpe Road consists of 10 student rooms (9 ensuite) with substantial ground floor communal area, professional kitchen, 2 car parking spaces and 10 bike storage spaces.
This attractive period terraced property is set over four floors; basement, ground, first and second. The ground floor has a communal living space with sofas, dining area and separate kitchen.
Net internal area of c. 175.91 sq m (1,895 sq ft).
Tenure is Freehold.
Based on the projected income for 2022/23 this reflects a net initial yield of 6.50% and assumes purchaser's costs of 6.80%. This reflects a capital value of £84,000 per bed. Please contact us for a full breakdown of the projected accounts.
Homes for Students have analysed the property and has provided a projected net operating income of £87,782 for the 2022/23 academic year University of East Anglia (UEA) is ranked 21st and Norwich University of Arts is ranked 77th in The Times Good University Guide 2021.
EPC rating - C
Thorpe Road is situated to the immediate east of the city centre and opposite Norwich rail station. 14 Thorpe Road is a short walk to the city centre and Norwich University of the Arts. The Blue Line number 25 and number 26 are the main subsidised student bus routes offering a direct service to the University of East Anglia campus with a bus stop opposite 14 Thorpe Road. Buses are every 5 minutes Monday to Saturday and every 15 minutes in the evenings.
Thorpe Road has a mix of residential, commercial and leisure properties with plenty of cafes and restaurants making it a lively and attractive neighbourhood. It is situated opposite Norwich rail station and the city centre is within a five minute walk from the property. There are a range of cafes and take away restaurants within close proximity.
Norwich University of the Arts is 2 minutes via bicycle, 5 minutes via walk.
University of East Anglia is 20 minute bus journey, 15 minute via bicycle .
Please contact Bidwells today for further information or to arrange a viewing.
- Norwich 0.54km
- Brundall 6.97km
- Salhouse 7.56km
- Brundall 8.42km
Schools - School Checker
These figures are only intended as a guide. Please make sure you obtain accurate figures from your lender before committing to any mortgage.