4-bedroom detached house · NR5 0NQ
Listing removedListed 426 daysAuction 15 Nov · ended
Opportunity summary
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About
Pymm & Co Auctions are delighted to present this opportunity to acquire a spacious four-bedroom detached chalet bungalow, occupying a generous corner plot in the sought-after residential location of Costessey, Norwich.
Situated at 2 Hillvue Close, NR5 0NQ, this property represents an excellent investment prospect with a tenant currently in situ under a short term tenancy agreement, providing immediate rental income potential for the new owner.
Current income is £975 p/m or £11,700 p/a. The sort term tenancy runs until 15th November 2025, then switches to a month on month tenancy agreement.
Property Overview This detached chalet bungalow offers versatile accommodation, ideal for a range of buyers including landlords seeking a secure investment, developers considering future scope for enhancement, or families looking for a substantial home once vacant possession becomes available.
The property benefits from four bedrooms, well-proportioned living spaces, and a flexible layout that can be adapted to suit a variety of needs.
The home is set on a corner plot, enhancing both privacy and potential kerb appeal, while also allowing for the possibility of future landscaping or extension (subject to necessary planning consents).
The property further benefits from off-road parking, a highly desirable feature in this location, offering convenience for residents and visitors alike.
Accommodation While internal inspection is recommended to fully appreciate the scale of the property, the accommodation is arranged over two levels in the popular chalet-bungalow style.
The ground floor comprises a welcoming entrance hall, a spacious lounge, a fitted kitchen with scope for modernisation, and two generously sized bedrooms.
Upstairs, the first floor provides a further two bedrooms, making it an ideal family home or shared rental property.
The property`s layout offers flexibility and the potential for further value-adding improvements, subject to the buyer`s vision and investment strategy.
Outside Occupying a corner plot, the property enjoys gardens to the front and rear, presenting opportunities for landscaping or outdoor entertaining.
The off-road parking adds to the practicality of the home, ensuring it meets the demands of modern living.
Location Hillvue Close is a well-established residential cul-de-sac within Costessey, a popular area just west of Norwich city centre.
Costessey offers a wealth of local amenities, including schools, shops, medical facilities, and leisure opportunities.
The property is also well-placed for access to the A47 and A11, providing excellent transport links across Norfolk and beyond.
Norwich city centre is only a short drive away, offering extensive retail, cultural, and business facilities, while the Norfolk Broads and the stunning North Norfolk coastline are within easy reach for leisure pursuits.
Tenancy Information A key feature of this sale is that the property is offered with a current tenant in situ under an existing tenancy agreement, ensuring an immediate rental return from day one.
This makes the property a particularly attractive proposition for buy-to-let investors seeking a secure and steady income stream. Details of the tenancy can be found in the legal pack provided.
Investment Opportunity With its combination of generous accommodation, corner plot position, off-road parking, and established tenancy, 2 Hillvue Close presents a stable investment opportunity.
Whether retained as a long-term rental asset or improved to enhance capital value, this property offers excellent potential in a strong Norwich suburban market.
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.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 2, Hillvue Close, Norwich
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