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Chequers Street, East Ruston

East of England

£155,000
Listed on 17/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This building plot, measuring approximately 174.90 m² (1,883 sq ft), presents a unique opportunity for renovation or investment in a desirable area near the north Norfolk coast and the Norfolk Broads. The site comes with approved planning permission, making it well-suited for those looking to create a residential dwelling in an attractive rural setting. Located just outside the village of East Ruston, known for its charming community and proximity to both popular coastal destinations and scenic waterways, this property offers potential for buyers who appreciate the tranquility of rural living along with access to recreational opportunities. The plot is accessed off Chequers Street and is part of a wider development known as Seaglass Barns, which includes several converted agricultural buildings into self-contained residential units. Notably, Barn 5 remains unconverted, providing a blank canvas for a self-build project. The current planning permission allows for the construction of a single-storey, three-bedroom detached home, taking advantage of the peaceful surroundings while being minutes away from local amenities. The site has connection provisions for mains electricity and water, although installation of meters will be required. With its strategic location roughly 17 miles northeast of Norwich and close to Cromer, this property stands out not only as an ideal place for personal use but also as an investment opportunity in a region that attracts both holidaymakers and those seeking permanent residence. The surrounding area boasts beautiful landscapes and rich outdoor activities, making it appealing year-round. This is an excellent proposition for those interested in real estate development or looking to expand their portfolio in a region that continues to grow in popularity.

Investment Analysis

(NR12 area)
Area Average
£308/sq ft
Avg Rent (weekly)
£254
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR12)

Area prices are rising by +4.0% over the last 12 months
3 year growth: -3.4%
5 year growth: 16.8%
Investment Disclaimer: Analysis based on NR12 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

Chequers Street, East Ruston
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£568
Based on a loan of £116,250 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