If you are looking to buy a property to rent out in Norwich, you might want to have a look at supply and demand before buying.

Here at ZebraInvest we use Data day in day out to make property investment decisions, to ensure we’re only buying the right properties in good locations.

So where are the hot spots in Norwich? And what’s a hot spot?

There’s three ways to go here:

• A: Best Yield and Return on your money..
• B: Where have house prices increased most and are you likely most capital growth.
• C: Best bang for your buck (based on property size) and buying at the lowest price per square foot

The easiest way to get the answers is to look to PropertyData (a fantastic data amalgamation tool):

A Yield, lets generate income NR5 6.6% Based on an average asking price of £233,849 and a rental income of £1,485 per calendar month.

B Chase those increasing prices NR4 A whopping 21% increase over the last three years, with an average asking price of £360,580, an average yield of 4.6% and rents of £1,392 per calendar month.

C Buy cheap NR5 A double property hot spot winner, offering an average £ per square foot of £244, that’s 25% cheaper than the average £329 across the whole of Norwich.

NR5

With NR5 being near the University of East Anglia and Norwich Hospital, it’s easy to see why there is strong rental demand on that side of the city – which in turn delivers good rental returns for those looking to invest.

As yet ZebraInvest are yet to purchase properties in this area to rent out, they’re in high demand from investors and have seen great capital growth over the last few years – though are squeezing out local families.

If you look towards New Costessey there are large properties that offer good value for money in an area with decent schools and woodlands not too far away – which has been great for buy to sell projects, creating high quality homes that people would like to live in.

With ex local authority properties in the area, there’s also some cheaper properties to be had, thus offering a decent low price per square foot when buying.

We have brought properties in the area (check out Ashtree Road in the projects section and Highlow Road in the Your Property Network Magazine) and shall continue to buy in the area.

NR4

One of the most popular parts of Norwich, NR4 hosts Eaton and Cringleford – affluent areas with fantastic access to the city and dual carriage ways.

If you’re looking for a leafy place to live or buy to let properties where you aren’t so fussed on returns, then NR4 could be a good area to purchase.

At the top end of NR4, Eaton Park, it neighbours the University – so hunting round there could offer favourable returns.

Get in touich

Whether it’s NR4 or NR5 you’re thinking of investing in, get in touch with ZebraInvest – we’re happy to show prospective investors around our projects and share a pointer or two.

Good luck.

Written August 2022.