Pymm & Co Auctions are delighted to present this opportunity to acquire a spacious four-bedroom detached chalet bungalow, occupying a generous corner plot in the sought-after residential location of Costessey, Norwich. Situated at 2 Hillvue Close, NR5 0NQ, this property represents an excellent investment prospect with a tenant currently in situ under a short term tenancy agreement, providing immediate rental income potential for the new owner. Current income is £975 p/m or £11,700 p/a. The sort term tenancy runs until 15th November 2025, then switches to a month on month tenancy agreement. Property Overview This detached chalet bungalow offers versatile accommodation, ideal for a range of buyers including landlords seeking a secure investment, developers considering future scope for enhancement, or families looking for a substantial home once vacant possession becomes available. The property benefits from four bedrooms, well-proportioned living spaces, and a flexible layout that can be adapted to suit a variety of needs. The home is set on a corner plot, enhancing both privacy and potential kerb appeal, while also allowing for the possibility of future landscaping or extension (subject to necessary planning consents). The property further benefits from off-road parking, a highly desirable feature in this location, offering convenience for residents and visitors alike. Accommodation While internal inspection is recommended to fully appreciate the scale of the property, the accommodation is arranged over two levels in the popular chalet-bungalow style. The ground floor comprises a welcoming entrance hall, a spacious lounge, a fitted kitchen with scope for modernisation, and two generously sized bedrooms. Upstairs, the first floor provides a further two bedrooms, making it an ideal family home or shared rental property. The property’s layout offers flexibility and the potential for further value-adding improvements, subject to the buyer’s vision and investment strategy. Outside Occupying a corner plot, the property enjoys gardens to the front and rear, presenting opportunities for landscaping or outdoor entertaining. The off-road parking adds to the practicality of the home, ensuring it meets the demands of modern living. Location Hillvue Close is a well-established residential cul-de-sac within Costessey, a popular area just west of Norwich city centre. Costessey offers a wealth of local amenities, including schools, shops, medical facilities, and leisure opportunities. The property is also well-placed for access to the A47 and A11, providing excellent transport links across Norfolk and beyond. Norwich city centre is only a short drive away, offering extensive retail, cultural, and business facilities, while the Norfolk Broads and the stunning North Norfolk coastline are within easy reach for leisure pursuits. Tenancy Information A key feature of this sale is that the property is offered with a current tenant in situ under an existing tenancy agreement, ensuring an immediate rental return from day one. This makes the property a particularly attractive proposition for buy-to-let investors seeking a secure and steady income stream. Details of the tenancy can be found in the legal pack provided. Investment Opportunity With its combination of generous accommodation, corner plot position, off-road parking, and established tenancy, 2 Hillvue Close presents a stable investment opportunity. Whether retained as a long-term rental asset or improved to enhance capital value, this property offers excellent potential in a strong Norwich suburban market. Services: Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees: Buyer's Premium - £900 inc VAT payable on exchange of contracts. Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 inc VAT, payable on exchange of contracts. Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion. Council Tax Band C
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