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Norwich Road, Bracon Ash, Norwich, Norfolk NR14 - Image 1
Norwich Road, Bracon Ash, Norwich, Norfolk NR14 - Image 2
Norwich Road, Bracon Ash, Norwich, Norfolk NR14 - Image 3

Norwich Road, Bracon Ash, Norwich, Norfolk NR14

East of England

£395,000
Listed on 10/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1559 sqft

Description

This Grade II listed thatched cottage presents a unique opportunity to invest in a property rich with character and potential. Nestled on a generous plot of approximately 0.4 acres, the main house features three or four bedrooms and retains charming architectural elements, including fireplaces, wooden beams, and traditional latch doors. The layout includes three spacious reception rooms, ensuring ample living space with the flexibility of a ground-floor bedroom. In addition to the main residence, the property boasts substantial outbuildings comprising an old Victorian school house and a former village forge. While these structures require significant renovation, they offer exciting prospects for conversion into separate dwellings or ancillary accommodation pending necessary permissions. The exterior is framed by mature trees and landscaped lawns, providing a serene environment. Set within the popular village of Mulbarton, this cottage is conveniently located near essential amenities such as schools, shops, and recreational facilities. Additionally, the vibrant city of Norwich is just six miles away, offering abundant shopping and cultural opportunities. This property not only requires modernization but stands as an excellent investment for those looking to enhance its historic charm while potentially developing additional living spaces.

Investment Analysis

(NR14 area)

Below Market Value

This property is priced -18.3% below area average per sq ft

-18.3%
Potential saving
This Property
£253/sq ft
Area Average
£310/sq ft
Avg Rent (weekly)
£291
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £150,000
Target Value
£531,962
10% above area average per sq ft
Potential ROI
-2.4%
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

Norwich Road, Bracon Ash, Norwich, Norfolk NR14
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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
£1,425
Based on a loan of £296,250 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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