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Bawburgh, Norfolk NR9

East of England

£550,000

Listed on 20/04/2026

Property details

Bedrooms
3
Type
Detached
Area
763 sqft

Description

This property presents a significant development opportunity, featuring an existing three-bedroom cottage that is primed for expansion alongside a former hatchery with approved plans for replacement. The cottage, currently designed as a three-bedroom home, has received planning permission for a two-storey extension to create a spacious four-bedroom residence. The planning reference (2024/3436) was granted on February 14, 2025. Additionally, the former hatchery comes with permission to replace the existing structure with two detached bungalows, each thoughtfully planned to include three bedrooms along with modern open living spaces and independent parking access. With the total site area of approximately 1.22 acres (subject to measured survey), this property holds great potential for investors or developers aiming to capitalize on residential expansion in the scenic village of Bawburgh, located conveniently just five miles from Norwich city center. The area boasts easy access to local amenities and recreational facilities, enhancing its appeal for future residents.

Investment analysis

(NR9 area)

Above Market Value

This property is priced +131.7% above area average per sq ft

+131.7%
This Property
£721/sq ft
Area Average
£311/sq ft
Avg Rent (weekly)
£293
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £200,000
Target Value
£261,106
10% above area average per sq ft
Potential ROI
-65.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR9)

Area prices are stable by -1.2% over the last 12 months
3 year growth: -3.2%
5 year growth: +4.3%
Investment Disclaimer: Analysis based on NR9 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

Bawburgh, Norfolk NR9
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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
£2,078
Based on a loan of £412,500 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

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