2-bedroom terraced house · NR5 9FA
To rentListed 10 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the popular NR5 area of Norwich, this property benefits from excellent transport links and easy access to the A47, A11, Norfolk and Norwich University Hospital (NNUH) and the University of East Anglia (UEA).
Norwich city centre and a range of local amenities are also easily accessible. The property offers two double bedrooms, a family bathroom and a separate WC.
Outside, there is an enclosed rear garden, providing a private outdoor space, along with the added benefit of an allocated parking space.
Ideally located for commuters, university staff and those looking to enjoy convenient access to Norwich and the surrounding areas.
This property is available with a Deposit Free option which means that instead of paying a traditional five weeks security deposit, you pay a fee of 28% of the first months rent + VAT (subject to a minimum of £120 + VAT) to become a member of a deposit free renting scheme which significantly reduces the up-front costs.
This fee is non-refundable and is not a deposit so cannot be used towards covering the cost of any future damage.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
Agent & docs
FAQ
About Tesmonde Close, Norwich
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