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Salle, Norwich, Norfolk, NR10

East of England

£475,000

Listed on 22/08/2024

Property Details

Bedrooms
5
Type
Detached

Description

Cherry Tree Barn represents a unique opportunity for those seeking to invest in a substantial barn conversion situated on approximately 0.8 acres of pristine countryside between Reepham and Heydon. Currently possessing a pending planning application, this detached structure has the potential to be transformed into an impressive residence encompassing around 5000 square feet. The previously granted consent aimed to create a modern home with spacious open-plan living, featuring an airy kitchen that flows seamlessly into dining and casual sitting areas, accentuated by abundant natural light. Future owners can enjoy further amenities, such as a boot room, utility area, pantry, and multiple flexible living spaces, including a potential mezzanine and inviting verandas. The proposed design thoughtfully positions the sleeping quarters for quietude at one end of the barn, including an expansive principal suite with dressing area and ensuite bathroom beside two additional ensuite bedrooms and two more doubles serviced by a family bath. Outside, the property features private drives leading to ample parking and various outbuildings that offer flexibility for adaptation or use. With its scenic location near historic villages boasting local amenities like bakeries, pubs, and shops, plus access to outdoor activities through nearby cycle paths and parks associated with the Heydon Estate, Cherry Tree Barn offers not only renovation potential but also lifestyle investment in tranquil surroundings. The extensive grounds allow for landscaped gardens or recreational spaces enhancing this distinct property’s appeal.

Investment Analysis

(NR10 area)
Area Average
£296/sq ft
Avg Rent (weekly)
£269
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
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
9%
Properties sold annually

Local Market Trend (NR10)

Area prices are falling by -6.6% over the last 12 months
3 year growth: -11.0%
5 year growth: +4.6%
Investment Disclaimer: Analysis based on NR10 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

Salle, Norwich, Norfolk, NR10
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,695
Based on a loan of £356,250 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-20.8% since listed
£475,000£125,000(-20.8%)
14/03/2025
Current price
£600,000Initial listing
22/08/2024

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