Investment Opportunity (41-43 Churchill Road)

18/05/2015

A fantastic opportunity has arisen for potential investors in the form of a generously proportioned plot of land in the highly sought after North City location. Full planning permission has already been granted on the plot and the proposals offer two suggestions, both of which would inevitably generate a handsome profit from the resale figures. The current plans have been specifically chosen to deliver maximum interest from its market demographic. Norwich’s continual growth of employment and further education facilities, particularly in the city centre demands availability of property of this style, type and location.

 

The first option is a pair of three bedroom, terraced houses, which will include;

  • Entrance hall
  • Living room
  • Inner hall with stairs to first floor and cloakroom
  • Kitchen/dining room
  • Two bedrooms to the first floor
  • Family bathroom
  • Second floor bedroom and shower room.

 

The other suggestion is to manufacture three, one bedroom apartments and one, two bedroom duplex apartment, which will comprise of;

  • Ground floor – two, one bedroom apartments with private entrances
  • One with open plan lounge, kitchen/dining room
  • The other with separate kitchen
  • Both will provide separate bedrooms and bathrooms
  • First floor – two apartments serviced via a shared entrance hall
  • One bed apartment (lounge, separate kitchen, bathroom & bedroom)
  • Two bed duplex apartment (shower room, en-suite, bedrooms on second floor.)

 

This is a very unique prospect for an investor because of the undoubtedly high chance this could be one of the last available plots of land sold in this area of NR3, due to the popularity and residential developments already in the area. This plot will also offer exclusivity by breaking the monotony of the Victorian terracing that can be found throughout this postcode.

 

In our opinion we believe that the three bedroom houses would generate a resale value of £200,000, the one bedroom apartments £115,000 and £130,000 for the two bedroom duplex apartment. We trust there to be a more generous return of yield with the terraced housing option, in the region of £140,000 profit for the sale of both properties.  

 

If you are interested in this exceptional residential investment opportunity, then we would be delighted to hear from you. Please email joshcousens@abbotfox.co.uk or call on our land and new home department - 01603 660000, option 3 for more information.

 

Josh Cousens - abbotFox

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