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Mill Road, Ashby, St. Mary, Norwich NR14 - Image 1
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Mill Road, Ashby, St. Mary, Norwich NR14

East of England

£325,000
Listed on 18/03/2026

Property Details

Bedrooms
3
Type
Detached
Area
1232 sqft

Description

This detached chalet-style residence, spanning approximately 1232 Sq. Ft, presents a compelling opportunity for renovation enthusiasts and investors. Nestled in a well-connected village, the property is conveniently located near local amenities, including a primary school and a friendly village pub, while offering easy access to public transport via the A146. Internally, the home features a spacious 24-foot sitting/dining area with dual aspect windows that invite natural light, making it ideal for both relaxation and entertaining. The kitchen/breakfast area is functional but may benefit from modern updates, complemented by a utility room that enhances practicality. The layout includes three generously sized bedrooms and two bathrooms distributed over two floors, which could be reconfigured for better space efficiency or additional en-suite facilities. Although some upgrades have been made—such as a new gas central heating boiler installed in 2022 and an updated electrical system—the property's overall condition suggests further improvements are required to meet modern living standards. Outside, the wrap-around garden offers privacy and potential for landscaping enhancement or outdoor extensions, while the carport holds development prospects (subject to planning permission). This property offers ample scope for those looking to add value through aesthetic upgrades or structural renovations.

Investment Analysis

(NR14 area)

Below Market Value

This property is priced -15.0% below area average per sq ft

-15.0%
Potential saving
This Property
£264/sq ft
Area Average
£310/sq ft
Avg Rent (weekly)
£291
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£420,383
10% above area average per sq ft
Potential ROI
+15.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Mill Road, Ashby, St. Mary, Norwich 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
£1,172
Based on a loan of £243,750 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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