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Mill Road, Mutford

East of England

£350,000
Listed on 25/04/2025

Property Details

Bedrooms
3
Type
Detached house
Area
990 sqft

Description

This three-bedroom detached residence presents a unique opportunity for buyers seeking a property with significant renovation and investment potential, situated in a sought-after village location. The home is set on a substantial, mature plot that offers an ideal foundation for those looking to customize their living space. The property features a peaceful positioning away from the road, accented by a wrap-around garden that provides ample outdoor space. This area is well-suited for various activities, whether it's creating an inviting garden landscape, providing a safe playground for children, or hosting gatherings. Additionally, the garage and driveway offer convenient off-road parking — a valuable feature in this popular neighborhood. Upon entering, you'll find a bright hallway that leads into an adaptable interior layout. The spacious living room extends over 16 feet in length, offering ample room for relaxation and entertaining. Adjacent to the living area is the dining room, where you can easily accommodate larger dining tables for family meals or celebrations. The kitchen features practical storage solutions and includes a pantry-style cupboard for easy access to daily essentials. One noteworthy aspect of this home is the conservatory connected directly to the kitchen. With sliding patio doors leading out to the garden, this space creates an inviting connection between indoor and outdoor living — perfect for enjoying seasonal transitions or year-round natural light. The ground floor also hosts a cloakroom, adding convenience for residents and guests alike. Moving upstairs, you'll discover three well-sized bedrooms; two of which are generously proportioned with built-in storage options that enhance functionality. A centrally located family bathroom equipped with both shower and bathtub caters to various preferences, while an additional separate WC further supports busy morning routines. With its expansive plot size and flexible floor plan, this property holds immense potential for modernisation or expansion (subject to planning permission). This home not only offers comfort but also serves as an excellent canvas for those looking to invest in their future lifestyle while creating a unique haven tailored to personal tastes and needs.

Investment Analysis

(NR34 area)

Above Market Value

This property is priced +21.4% above area average per sq ft

+21.4%
This Property
£354/sq ft
Area Average
£291/sq ft
Avg Rent (weekly)
£213
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£317,226
10% above area average per sq ft
Potential ROI
-18.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR34)

Area prices are stable by +0.1% over the last 12 months
3 year growth: -8.0%
5 year growth: 4.7%
Investment Disclaimer: Analysis based on NR34 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Mill Road, Mutford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,282
Based on a loan of £262,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE