Uplands Court, Norwich
Uplands Ct, Norwich NR4 7PH
Maisonette | Buy To Let | Vacant
£169,500
£725pcm
Rent
5.1%
Gross yield
Investment Summary
- Price: £169,500
- Market Rent: £725 pcm
- G/R: £200 pa
- S/C: £520 approx pa
- Annual Gross Income: £8,700.00
- Estimated Net Income: £7,980.00
- Gross Yield: 5.1%
- Net Yield: 4.7%
- EPC: C
Property Description
- Beds: Two
- Baths: One
- Sq/ft: 700
- Floor: Ground
- Maisonette
- Parking
- Status: Vacant
- Tenure: Leasehold
- Furnished: No
- Lease Length: 150 years remaining
The Development
This development is situated in the sought after ‘Golden Triangle’ area of Norwich and delivers extremely high tenant occupancy rates and excellent yield returns.
- Well proportioned apartments
- Generous accommodation
- Off-road parking
- Self-contained with separate entrance
- Ground floor apartments with private gardens
- Located off of Unthank Road
Why Invest?
- The city has the second most noteworthy graduate retention rate in the nation with more than 40% of alumni from the university living and working.
- 26% of it’s population falls inside of the 16-29 age, contrasted with a UK average of around 18%.
- The Greater Norwich area has high growth projections with an additional 33,000 homes and 35,000 jobs by 2021.
- Greater Norwich currently has a population of 230,000, projected to rise to 280,000 by 2025, and a catchment population of 1 million.
Map
Financial Example
| Deposit 30% | £50,850.00 |
| Mortgage | £118,650.00 |
| Mortgage / Interest Only (3%) | £3,559.500 |
| Estimated Costs | £720.00 |
| Total Cash Invested | £55,129.500 |
| Annual Return on investment | 14.48% |