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Rackheath, Norwich, NR13

East of England

£490,000

Listed on 19/04/2026

Property Details

Bedrooms
3
Type
Plot

Description

This property presents a unique opportunity for those interested in renovation and investment potential. Set on approximately 0.5 acres in a serene location on the outskirts of Sprowston and Rackheath, the detached family home offers a blend of existing comfort and significant development possibilities. Previously granted planning permission for three, two-storey four-bedroom houses, this site remains poised for future redevelopment, pending renewal of consents and necessary approvals. The house's current layout includes a spacious sitting room with dual aspect views, an inviting garden room that connects to well-maintained outdoor spaces, and a functional kitchen with ample storage. Upstairs features three double bedrooms complemented by a sizable bathroom. While the property has seen recent updates such as a full rewire and new sewage treatment plant, further enhancements could elevate its value significantly or adapt it to suit modern family needs. Outside, the expansive gardens feature mature landscaping, a workshop, and extensive parking options, all within easy reach of local amenities and transport links to Norwich city center.

Investment Analysis

(NR13 area)
Area Average
£313/sq ft
Avg Rent (weekly)
£342
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR13)

Area prices are stable by +0.8% over the last 12 months
3 year growth: -2.6%
5 year growth: +7.3%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,851
Based on a loan of £367,500 over 30 years at 4.45% 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

This calculation uses non-residential (land/commercial) tax rates.

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