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Sir Edward Stracey Road, Rackheath - Image 1
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Sir Edward Stracey Road, Rackheath

East of England

£300,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1721 sqft

Description

This three-bedroom residence in Rackheath presents a promising opportunity for those looking to invest in a property that offers considerable renovation potential. The home, while requiring updates, boasts a practical layout conducive to modernisation without compromising its inherent flow. The ground floor features two spacious reception areas and an expansive conservatory that enriches the living experience by providing additional versatile space. A utility room and a downstairs WC add practicality to everyday functions. On the upper level, the bedrooms are generously sized, and the bathroom is ample enough to accommodate future enhancements. Outside, the substantial garden, complete with patio and outbuildings, provides a serene outdoor environment ripe for transformation. The wide driveway and attached garage ensure sufficient parking and storage solutions. Overall, this property combines spaciousness with privacy and offers an excellent canvas for buyers wanting to personalise their living space. Rackheath itself is a welcoming village that balances tranquility with accessibility. Located just a short drive from Norwich, it features essential amenities such as local shops, a primary school within walking distance, and a friendly pub—a perfect setting for relaxed community living. Surrounded by beautiful countryside and proximity to Broads National Park makes it ideal for nature enthusiasts seeking outdoor activities while enjoying easy access to city conveniences. This home's solid structure presents an exciting chance for buyers eager to invest in renovations tailored to their vision.

Investment Analysis

(NR13 area)

Below Market Value

This property is priced -45.2% below area average per sq ft

-45.2%
Potential saving
This Property
£174/sq ft
Area Average
£318/sq ft
Avg Rent (weekly)
£295
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£601,816
10% above area average per sq ft
Potential ROI
+77.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NR13)

Area prices are stable by +1.3% over the last 12 months
3 year growth: -2.2%
5 year growth: 14.5%
Investment Disclaimer: Analysis based on NR13 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

Sir Edward Stracey Road, Rackheath
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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
£1,099
Based on a loan of £225,000 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