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Vera Close, Rackheath, Norwich, Norfolk NR13 - Image 1
Vera Close, Rackheath, Norwich, Norfolk NR13 - Image 2
Vera Close, Rackheath, Norwich, Norfolk NR13 - Image 3

Vera Close, Rackheath, Norwich, Norfolk NR13

East of England

£295,000
Listed on 18/03/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
976 sqft

Description

This two-bedroom bungalow in Rackheath presents a promising opportunity for those looking to invest in a renovation project. Equipped with photovoltaic solar panels and gas central heating, the property includes a kitchen, a hall, a lounge featuring dual aspect windows that enhance its spacious feel, two bedrooms, and a shower room. The rear conservatory adds further utility and potential for integration into the main living space. The exterior of the property features a front area primarily composed of concrete and shingle, bordered by mature shrubs; this could easily be transformed into an expansive multi-car driveway. In addition, the large, overgrown garden at the rear offers significant possibilities for landscaping or even expansion through redevelopment, making it ideal for enhancing outdoor living space or extending the existing structure. This bungalow holds substantial potential for modernization and enhancement throughout while being situated in a sought-after village with good access to local amenities and Norwich city center.

Investment Analysis

(NR13 area)

Below Market Value

This property is priced -3.4% below area average per sq ft

-3.4%
Potential saving
This Property
£302/sq ft
Area Average
£313/sq ft
Avg Rent (weekly)
£288
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£336,037
10% above area average per sq ft
Potential ROI
+0.3%
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
61%
Properties sold annually

Local Market Trend (NR13)

Area prices are falling by -2.5% over the last 12 months
3 year growth: -4.6%
5 year growth: +8.1%
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 Close, Rackheath, Norwich, Norfolk NR13
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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
£1,064
Based on a loan of £221,250 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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