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The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 1
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 2
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 3
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 4
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 5
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 6
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 7
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 8
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 9
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 10
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 11
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 12
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 13
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 14
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 15
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 16
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 17
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 18
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 19
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 20
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 21
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 22
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 23
The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR - Image 24

The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR

East of England

£250,000
Listed on 25/03/2026

Property Details

Bedrooms
N/A
Type
Detached
Area
711 sqft

Description

This unique lot consists of two characterful cottages and an attached retail space, all providing substantial renovation opportunities. April Cottage is a two-bedroom detached home, covering approximately 75 sq/m, featuring double glazing and gas central heating, making it a solid foundation for modern updates. In contrast, The Old Bakery is a separate cottage with considerable repair needs and an accompanying shop area that adds potential for various business ventures or additional living space upon refurbishment. Both properties share a well-maintained garden and offer off-road parking alongside a brick-built workshop at the rear of the plot, which spans around 0.12 acres. Situated in the desirable village of Mulbarton, just six miles from Norwich, these non-listed properties are within a conservation area, further enhancing their appeal for thoughtful development without historical constraints. The Old Bakery requires cautious access due to its derelict state but promises significant returns for the right investor as it sits on land with shared future development profits expiring soon. With both cottages available with vacant possession upon completion, this is an excellent chance to invest in a growing community.

Investment Analysis

(NR14 area)

Above Market Value

This property is priced +13.4% above area average per sq ft

+13.4%
This Property
£352/sq ft
Area Average
£310/sq ft
Avg Rent (weekly)
£291
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£242,607
10% above area average per sq ft
Potential ROI
-30.7%
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
34%
Properties sold annually

Local Market Trend (NR14)

Area prices are falling by -5.2% over the last 12 months
3 year growth: -10.8%
5 year growth: -2.7%
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

The Old Bakery, Norwich Road, Mulbarton, Norwich, Norfolk NR14 8JR
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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
£902
Based on a loan of £187,500 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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