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Norwich Road, Thwaite, Eye

East of England

£690,000
Listed on 01/01/2026

Property Details

Bedrooms
6
Type
Detached house
Area
1667 sqft

Description

This property presents a rare opportunity to acquire two distinct three-bedroom detached residences set on an expansive 1.6-acre plot in the picturesque East of England. Ideal for multigenerational living, this arrangement also holds significant potential as a rental or holiday letting investment, given the current market demand for unique stays in rural settings. The existing planning permission allows for the separation of these homes into individual titles, enhancing their appeal and value. One of the properties, Marsh Cottage, dates back to the mid-1800s and boasts around 1600 square feet of living space, while Marsh Barn, constructed in 2004, offers a more modern layout with approximately 1200 square feet. Each residence caters to contemporary family needs and features practical outdoor amenities including raised vegetable beds and versatile outbuildings that can serve as studios, workshops, or fitness spaces. Both houses come equipped with essential updates such as rewiring and re-plumbing done in 2008, ensuring a reliable hot water system with an oil-fired Rayburn providing heating. Modern conveniences like water softeners and dedicated sewage treatment plants add to their functionality. Given this solid infrastructure and ample external space adorned with trees and gardens—plus facilities like a pizza oven and chicken run—there is considerable scope for enhancements that could elevate both aesthetic appeal and property value. With some renovation work aimed at refreshing interiors or further developing the land’s potential—especially concerning landscaping or converting outbuildings—this property is poised for significant returns.

Investment Analysis

(IP23 area)

Above Market Value

This property is priced +39.1% above area average per sq ft

+39.1%
This Property
£414/sq ft
Area Average
£298/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £90,000
Target Value
£545,526
10% above area average per sq ft
Potential ROI
-30.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (IP23)

Area prices are rising by +13.1% over the last 12 months
3 year growth: -5.9%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on IP23 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

Norwich Road, Thwaite, Eye
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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
£2,528
Based on a loan of £517,500 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