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Rackheath, Norwich, NR13

East of England

£490,000
Listed on 03/02/2026

Property Details

Bedrooms
3
Type
Detached

Description

This detached family home, positioned on approximately 0.5 acres in a tranquil setting between Sprowston and Rackheath, presents a distinctive opportunity for those seeking both immediate space and future potential. The property is discreetly set back from the road, enveloped by mature hedges that impart a sense of seclusion, making it an ideal environment for family living or as an investment opportunity with room for enhancement. The current layout accommodates around 1500 sq ft of versatile space, featuring a dual-aspect sitting room with charming views of the gardens and a multi-fuel burner at the center for warmth and comfort. A separate dining hall serves as a functional hub while the garden room seamlessly connects indoor and outdoor living, providing an inviting atmosphere for entertaining. The kitchen offers a practical setup with integrated appliances and ample storage, complemented by a sizable utility area that can be adapted to meet personal requirements. The first floor houses three spacious double bedrooms along with a well-appointed family bathroom featuring both a bath and walk-in shower. What makes this property particularly noteworthy is its previous planning permission (which has now lapsed) for redevelopment into up to three two-storey four-bedroom homes, indicating significant investment potential. Though this consent needs to be revisited and renewed, the initial approval highlights the site’s suitability for substantial development projects given its prime location close to Norwich. The grounds feature established lawns and planting, while additional outbuildings like the large timber workshop add further value—ideal for hobbies or creating workspace separated from the main house. With recent upgrades including electrical rewiring and modern eco-initiatives such as solar panels enhancing sustainability, this home not only supports current family life but holds exciting opportunities for investors looking to capitalize on its inherent development prospects. Located within easy reach of essential amenities and transport links to Norwich city center, this property perfectly balances rural charm with urban convenience—making it an excellent choice for families or developers alike.

Investment Analysis

(NR13 area)
Area Average
£317/sq ft
Avg Rent (weekly)
£318
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR13)

Area prices are stable by -0.4% over the last 12 months
3 year growth: -3.3%
5 year growth: +7.5%
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

Rackheath, Norwich, NR13
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,735
Based on a loan of £367,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

Price History

-2.0% since listed
£490,000£10,000(-2.0%)
05/04/2026
Current price
£500,000Initial listing
04/02/2026

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