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The Street, Sparham, Norwich

East of England

£360,000
Listed on 29/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This property offers a rare investment opportunity in the village of Sparham, nestled within approximately 0.66 acres of land. Currently functioning as a coal merchants, this site holds potential for residential redevelopment, with positive feedback from the local authority suggesting that planning permission is likely for at least four new dwellings. The existing detached period house, which has been in the same family for generations, features a basic layout with several bedrooms and essential amenities, but will require updating. Given its historical significance and desirable location near Norwich and Reepham, this project is ideal for developers looking to capitalize on local housing demands. The sale includes associated storage buildings on the property that could further enhance redevelopment prospects subject to planning requirements. Buyers should note that all renovations and permits will fall under their responsibility post-purchase as this is sold as seen.

Investment Analysis

(NR9 area)
Area Average
£315/sq ft
Avg Rent (weekly)
£269
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR9)

Area prices are stable by +1.5% over the last 12 months
3 year growth: -1.4%
5 year growth: 11.8%
Investment Disclaimer: Analysis based on NR9 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

The Street, Sparham, Norwich
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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
£1,319
Based on a loan of £270,000 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