7 Bed Detached House, Planning Permission, Norwich, NR13 3TZ, £1,500,000

Church Road, Reedham, Norwich, Norfolk, NR13 3TZ - 19 days ago

Planning
~217 m²
+31 photos

ValuationOvervalued

Sold Prices£213K - £1.3M
Sold Prices/m²£1.9K/m² - £3.8K/m²

 

 

Square Metres

~217 m²
Price/m²£6.9K/m²

Value Estimate

£561,875

 

 

End Value (After Refurb)

£626,899

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£375,000

Stamp Duty & Legal Fees

£167,450

Refurb Costs

£98,122

Bridging Loan Interest

£39,375

Total Cash In

£681,697

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£626,899

Mortgage (After Refinance)

£470,175

Mortgage LTV

75%

Cash Left In

£681,697

Equity

£156,725

Rent Range

£750 - £1,495

Rent Estimate

£1,038

Running Costs/mo

£2,187

Cashflow/mo

£-1,149

Cashflow/yr

£-13,784

Gross Yield

1%

Local Sold Prices

14 sold prices from £213K to £1.3M, average is £405K. £1.9K/m² to £3.8K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£340K03/240.9 mi31, Station Road, Reedham, Norwich, Norfolk NR13 3TB4
£213K11/201.86 mi1, Bowlers Close, Freethorpe, Norwich, Norfolk NR13 3XE4
£490K12/201.92 miThe Cattle Shelter, Manor Farm Barns, The Green, Freethorpe, Norwich, Norfolk NR13 3NY4
£325K06/211.92 mi16, Old Chapel Road, Freethorpe, Norwich, Norfolk NR13 3LU4
£425K09/231.93 miChapelfield House, Church Road, Wickhampton, Norwich, Norfolk NR13 3PE4
£1.3M09/212.17 miThe Old Rectory, Church Road, Limpenhoe, Norwich, Norfolk NR13 3JB4
£385K12/222.33 mi4, Cantley Road, Limpenhoe, Norwich, Norfolk NR13 3JE4
£475K05/232.59 mi32, Loddon Road, Norton Subcourse, Norwich, Norfolk NR14 6RT4
£490K10/232.8 miThe Cottage, Yarmouth Road, Thorpe Next Haddiscoe, Norwich, Norfolk NR14 6PU4
£435K08/212.85 mi5, Priory Close, St Olaves, Great Yarmouth, Norfolk NR31 9HH4
£260K12/202.89 mi18, Oaklands Close, Halvergate, Norwich, Norfolk NR13 3PP4
£308K11/202.89 mi16, Oaklands Close, Halvergate, Norwich, Norfolk NR13 3PP4
£680K11/222.95 miMi-cheri, Herringfleet Road, St Olaves, Great Yarmouth, Norfolk NR31 9HJ4
£270K01/232.97 mi18, College Road, Thurlton, Norwich, Norfolk NR14 6QZ4

Local Rents

11 rents from £750/mo to £1.5K/mo, average is £950/mo.

RentDateDistanceAddressBeds 
£92507/240.73 miReedham2
£89506/240.75 miRiverside, Reedham2
£1,10006/240.86 miStation Road, Reedham2
£95006/240.89 miStation Drive, Reedham, Norwich2
£82507/241.68 miLimpenhoe2
£95007/241.89 miPearsons Close, Freethorpe, Norwich3
£75008/241.92 miThe Green, Freethorpe, Norwich1
£1,35006/241.99 miSutton Crescent, NR134
£1,35006/241.99 miSutton Crescent, NR134
£82507/242.14 miLimpenhoe3
£1,49507/242.15 miLow Road, Norton Subcourse4

Local Area Statistics

Population in NR13

26,695

Population in Norwich

366,887

Town centre distance

13.13 miles away

Nearest school

0.60 miles away

Nearest train station

0.90 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+117%

Sales demand

Balanced market

Capital growth (5yrs)

+21%

Property History

Listed for £1,500,000

March 21, 2025

Floor Plans

Description

  • Substantial Georgian country house +
  • Not listed +
  • Gardens and grounds of about 10.4 acres +
  • No onward chain +
  • Tennis court and swimming pool +
  • EPC Rating = E +

Georgian elegance set within 10 acres of expansive grounds

Description

Reedham Old Hall is an elegant Georgian country house set within a delightful position opposite the village church in the pretty and popular village of Reedham. The property retains the grand features of the period and this is evident from the moment you step inside the door and into the large entrance hall.

Offering in excess of 5000sq ft of superb, family accommodation, the property makes for a remarkable home. Of particular note is the stunning 30ft x 16ft dining/music room, complete with fireplace and marble surround, sash windows, wooden floors and the typical high ceilings. This room embodies the social aspect of a fine country house and you can immediately imagine using the room for large gatherings.
The formal drawing room, again with fireplace features excellent natural light thanks to three sash windows to the front aspect and double doors out into the gardens.
A kitchen/dining room makes for ideal everyday living, with a layout that suits modern wishes but retaining the style and functionality associated with the period. A useful utility room, Cloakroom/boot room and a characterful cellar round of the ground levels of the house.

An essential part of modern living, the home office is perfectly placed up its own set of stairs allowing for the ideal place to work from home and away from potential distractions. This could subject to a buyers preference be used for a variety of uses such as an additional bedroom, TV room or a playroom if desired.

To the first floor are four double bedrooms, well served via a four piece family bathroom and two en suites to both the principal and guest bedroom. The second floor features two further bedrooms and another shower room as well as a substantial living space that worked as an excellent games room for our current vendors. This could be an ideal retreat for an older child still living at home and looking to have more independence with a bedroom, living and bathroom space to themselves on the top floor.

Outside
The property is approached via wrought iron gates leading to a gravel parking area for numerous vehicles. For secure parking there is both a more modern double garage as well as two garages created from the former coach house. A stabling block and wood store as well as two first floor rooms are adjoined to the coach house giving useful outdoor storage. In all the property sits within an expansive plot of about 10.43 acres consisting of both formal gardens and paddocks. Perfect for entertaining and family life there is both a tennis court and swimming pool as well as a covered area which is well placed for outdoor cooking. The current owners have utilised several points of the garden to create seating areas to enjoy the privacy and fine views on offer.

Location

Reedham is an attractive riverside village on the famous Norfolk Broads. The village itself offers three public houses, a brewery, primary school, tea room and farm shop. A train station in the village offers a service to Norwich and the coastal town of Great Yarmouth.

Norwich located approximately 17 miles to the West is the regional capital and offers an excellent range of national and independent shopping as well as leisure facilities. Both private and public schooling is available in Norwich. There is a mainline train station at Norwich with a direct service to London Liverpool Street with an approximate journey time of about 1 hour and 50 minutes.

Square Footage: 5,082 sq ft

Acreage: 10.43 Acres

Additional Info

Services
Mains water, mains electricity, oil fired central heating and mains drainage.

Agents Note
The clock tower outbuilding has lapsed planning permission for conversion into a 4 bedroom dwelling and this has been recently re-applied for.

Local Authority
Broadland District Council
Council tax band G

Fixtures & Fittings
All fixtures and fittings including fitted carpets and curtains are specifically excluded from the sale, but may be available in addition, subject to separate negotiation.

Viewings
Strictly by appointment with Savills. If there is any point which is of particular importance to you, we invite you to discuss this with us, especially before you travel to view the property.

Important Notice
Savills, their clients and any joint agents give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.

2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Agent Details

Savills, Norwich

01603 361924

Next Steps?

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