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Vera Close, Rackheath, Norwich, Norfolk, NR13 - Image 1
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Vera Close, Rackheath, Norwich, Norfolk, NR13

East of England

£295,000
Listed on 12/03/2026

Property Details

Bedrooms
2
Type
Detached house
Area
976 sqft

Description

This two-bedroom bungalow in Rackheath presents a wealth of renovation and investment potential both internally and externally. Equipped with photovoltaic solar panels and gas central heating, the home features essential spaces including a kitchen, a hall, a lounge boasting dual aspect windows for natural light, two bedrooms, a shower room, and an adjoining rear conservatory. The front yard is predominantly paved with concrete and shingle, accompanied by mature shrubbery, and has clear possibilities for conversion into an expansive multi-car driveway. The sizable rear garden is currently overgrown yet holds excellent prospects for landscaping, extensions, or even complete redevelopment. This property stands as a promising opportunity for those looking to modernise across all aspects in a highly regarded village setting. Entry is through the kitchen which contains various base and wall units alongside a window opening into the conservatory. Accessed from outside via its own set of doors, the conservatory serves as additional living space that could be further integrated into the main dwelling. As you traverse the hall from the kitchen, you'll find access to both bedrooms and primary living areas. The first bedroom faces the front of the property while the second bedroom has direct access to the rear conservatory, allowing for flexible use as either an additional bedroom or work-from-home space. The lounge is generously sized with dual aspect windows enhancing its airy atmosphere. Adjacent to it lies a well-appointed shower room featuring a walk-in shower, WC, and hand basin. Outside this bungalow offers further potential; while currently not utilised for parking, the front area can easily be adapted to accommodate ample off-road parking options. Conclusively, this property promises substantial opportunities for enhancement in terms of modernisation throughout its interiors as well as extensive development of its outdoor spaces. Located conveniently northeast of Norwich in Rackheath—a village known for its array of local amenities and convenient transport connections—this property benefits from easy access to surrounding urban facilities while retaining a serene residential character.

Investment Analysis

(NR13 area)

Below Market Value

This property is priced -3.4% below area average per sq ft

-3.4%
Potential saving
This Property
£302/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£288
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£336,037
10% above area average per sq ft
Potential ROI
-1.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
61%
Properties sold annually

Local Market Trend (NR13)

Area prices are falling by -2.5% over the last 12 months
3 year growth: -4.6%
5 year growth: +8.1%
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

Vera Close, Rackheath, Norwich, Norfolk, 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
£1,064
Based on a loan of £221,250 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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