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Rackheath, Norwich, NR13

East of England

£500,000
Listed on 05/02/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This detached family home offers a unique opportunity situated on approximately 0.5 acres on the outskirts of Sprowston and Rackheath. The property is set back from the road, providing a sense of privacy and tranquility, while also being conveniently located for access to the NDR and Norwich city centre. There is significant potential for expansion or reconfiguration of the existing layout, subject to planning permissions, making it an appealing option for those looking to invest. Previously, planning permission was granted for the demolition of the current dwelling and redevelopment into up to three two-storey four-bedroom houses, highlighting its viability as a development site should permissions be renewed. The main residence features around 1500 sq ft of living space, including a dual-aspect sitting room with a multi-fuel burner, a dining hall, and a garden room that enhances indoor-outdoor connectivity. The kitchen provides ample storage with integrated appliances, while upstairs accommodates three double bedrooms and a spacious bathroom. Outside, the wrap-around garden includes mature planting and established trees, complemented by practical outbuildings such as a sizable timber workshop and garage. Recent improvements have been made to the property, including extensive rewiring and eco-friendly upgrades such as solar panels. This location is ideal for families with schools nearby and various recreational options available in the area. With its private setting yet accessible location, this home presents an exciting renovation or development prospect.

Investment Analysis

(NR13 area)
Area Average
£314/sq ft
Avg Rent (weekly)
£300
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
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
49%
Properties sold annually

Local Market Trend (NR13)

Area prices are stable by -1.5% over the last 12 months
3 year growth: -3.4%
5 year growth: +9.8%
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

Rackheath, Norwich, NR13
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,803
Based on a loan of £375,000 over 30 years at 4.06% 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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