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Norwich Road, Bracon Ash, Norwich, Norfolk, NR14 - Image 1
Norwich Road, Bracon Ash, Norwich, Norfolk, NR14 - Image 2
Norwich Road, Bracon Ash, Norwich, Norfolk, NR14 - Image 3
Norwich Road, Bracon Ash, Norwich, Norfolk, NR14 - Image 4
Norwich Road, Bracon Ash, Norwich, Norfolk, NR14 - Image 5
Norwich Road, Bracon Ash, Norwich, Norfolk, NR14 - Image 6
Norwich Road, Bracon Ash, Norwich, Norfolk, NR14 - Image 7
Norwich Road, Bracon Ash, Norwich, Norfolk, NR14 - Image 8
Norwich Road, Bracon Ash, Norwich, Norfolk, NR14 - Image 9
Norwich Road, Bracon Ash, Norwich, Norfolk, NR14 - Image 10
Norwich Road, Bracon Ash, Norwich, Norfolk, NR14 - Image 11

Norwich Road, Bracon Ash, Norwich, Norfolk, NR14

East of England

£395,000
Listed on 07/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1559 sqft

Description

This Grade II listed thatched cottage, known as Forge Cottage, represents a unique opportunity for those looking to invest in a property with extensive renovation potential. Set on approximately 0.4 acres (STMS), this home features not only a three/four bedroom main house but also two substantial outbuildings—the former Victorian schoolhouse and the village forge—both ripe for transformation into charming additional living spaces or rental units, pending necessary permissions. The main house boasts characterful elements such as traditional fireplaces, wooden beams, and latch doors across its three reception areas, with one bedroom conveniently located on the ground floor for versatile living arrangements. While the property has been under the same ownership for over four decades and is in need of modernisation, its distinctive historical features offer a solid foundation for a thoughtful refurbishment that could further highlight its unique charm. Surrounded by well-established gardens dotted with mature shrubs and trees, Forge Cottage provides ample off-road parking and an inviting outdoor space. Located in the sought-after village of Mulbarton, residents enjoy access to local amenities including schools, shops, dining options, and easy connectivity to Norwich about six miles away, making it an appealing choice for families and investors alike.

Investment Analysis

(NR14 area)

Below Market Value

This property is priced -19.0% below area average per sq ft

-19.0%
Potential saving
This Property
£253/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£298
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £150,000
Target Value
£536,163
10% above area average per sq ft
Potential ROI
-1.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NR14)

Area prices are stable by +0.8% over the last 12 months
3 year growth: -8.7%
5 year growth: 7.4%
Investment Disclaimer: Analysis based on NR14 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, Bracon Ash, Norwich, Norfolk, NR14
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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
£1,447
Based on a loan of £296,250 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