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Vera Road, Rackheath

East of England

£275,000

Listed on 26/06/2026

Property details

Bedrooms
2
Type
Detached Bungalow
Area
818 sqft

Description

This two-bedroom detached bungalow presents a solid foundation for investment and personalization, situated in the desirable village of Rackheath. While the property requires some modernization, it offers significant potential for those looking to create their ideal living space or downsize into a manageable home. The layout includes an entrance hall, spacious lounge, kitchen, conservatory, two double bedrooms, and two bathrooms. The exterior features an enclosed rear garden with a patio area and well-established plants, along with two timber sheds for additional storage. The driveway is fully shingled and provides access to a garage equipped with power and lighting; notably, part of the garage has been converted into an office space suitable for remote work. Essential utilities such as gas central heating, mains water, and drainage are already in place. Located conveniently near Norwich city amenities while retaining its village charm, this property is well-positioned for both lifestyle and investment opportunities.

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Investment analysis

(NR13 area)

Above Market Value

This property is priced +7.3% above area average per sq ft

+7.3%
This Property
£336/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£342
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£282,042
10% above area average per sq ft
Potential ROI
-7.5%
After renovation
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

Vera Road, Rackheath
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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
£1,039
Based on a loan of £206,250 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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