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Mill Lane, Thorpe-Next-Haddiscoe, Norwich

East of England

£625,000
Listed on 09/04/2026

Property Details

Bedrooms
5
Type
Detached Bungalow
Area
2317 sqft

Description

This property represents a noteworthy development opportunity, featuring planning permission for the construction of three new bungalows alongside two existing detached bungalows. Nestled within approximately 1.1 acres of scenic rural land, this site offers expansive views across open fields, perfect for investors or developers looking to enhance their portfolio. The current bungalows provide a combined floor area of about 2,317 sq. ft., allowing for versatile living arrangements suitable for multi-generational families or rental purposes. Each bungalow includes comfortable layouts and outdoor spaces that can be transformed into private gardens. A significant aspect of this offering is the presence of income-generating solar panels, providing potential additional revenue. The property also includes several outbuildings that require some renovation work; these could be converted for various uses or simply serve as storage. The extensive hard standing areas offer ample parking capability and are ideal for those with commercial or leisure interests. Approaching the property via a private track, you'll find significant off-road parking options. Inside the main bungalows, you will encounter practical layouts with opportunities to modernize kitchens and bathrooms, enhancing their appeal and functionality. Given the extensive scope for development and improvements, this plot is an attractive proposition for those willing to invest in its potential.

Investment Analysis

(NR14 area)

Below Market Value

This property is priced -12.9% below area average per sq ft

-12.9%
Potential saving
This Property
£270/sq ft
Area Average
£310/sq ft
Avg Rent (weekly)
£301
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£789,715
10% above area average per sq ft
Potential ROI
+6.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NR14)

Area prices are falling by -8.3% over the last 12 months
3 year growth: -14.0%
5 year growth: -7.4%
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

Mill Lane, Thorpe-Next-Haddiscoe, Norwich
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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
£2,214
Based on a loan of £468,750 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

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