13-Property Portfolio, Norwich NR2

Overview

Thirteen freehold properties in Norwich, held in a single company and offered as a share sale at £5,000,000. The portfolio comprises ten houses, a six-flat block and two buildings each with a shop and a flat above: eighteen homes and two commercial units. All are let except one four-bedroom house, producing a passing rent of £337,368 per annum, 6.7% gross. With that house re-let at its advertised rent, the roll rises to £356,568 per annum, 7.1% gross.

Investment highlights

• Ten three to five-bedroom houses, a freehold block of six flats with 19 bedrooms, and two shops each with a three-bedroom flat above, all in Norwich NR2 and NR1
• Passing rent of £337,368 per annum across 17 of the 18 homes and both commercial units, 6.7% gross at £5,000,000
• One vacant four-bedroom house: re-let at its advertised £1,600 pcm, the roll rises to £356,568 per annum, 7.1% gross
• Vendor-reported rental income of about £347,000 for 2025/26, up from £334,000 the year before
• Sold as a company share sale: stamp duty of 0.5% on the shares rather than SDLT on the properties
• Close to Norwich city centre, in a long-established rental area

The numbers

Asking price	£5,000,000
Passing rent	£337,368 per annum (£28,114 pcm)
Gross yield (passing)	6.7%
With the vacant house let	£356,568 per annum, 7.1% gross
Stamp duty (share purchase)	0.5% of the price, about £25,000
Tenure	Freehold, 13 titles
Structure	Company share sale

Rent schedule

Ten houses, three to five bedrooms (one vacant)	£14,890 pcm
Freehold block of six flats, 19 bedrooms	£7,740 pcm
Two shops, each with a three-bedroom flat above	£5,484 pcm
Total	£28,114 pcm · £337,368 per annum

Rents per the vendor’s schedule, September 2026. The full property schedule, floor plans for all 18 homes and the investment pack are available on request.