We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom semi-detached house · NR13 6TJ
Listing removedListed 270 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This 40% shared ownership home in the increasingly popular village of Rackheath offers a smart, accessible way into a growing area, with an interior that leans confidently into its own sense of style.
The house feels calm and straightforward, with a layout designed for everyday living rather than show.
A generous sitting room opens directly onto the garden, while thoughtful colour themes give the spaces a relaxed, contemporary edge.
The kitchen dining room brings a cooler, playful feel through its colour choices, adding personality without overwhelming the room.
Upstairs are three well-proportioned bedrooms, including a main bedroom with ensuite, alongside a practical family bathroom.
Outside, the garden is a real highlight, offering good space with minimal overlooking from neighbouring homes.
With a tandem driveway, garage and a location that continues to grow in appeal, this is a grounded home with character in an area moving confidently forward.
The Location Rackheath is a village that still feels like a village, but with an increasing amount of life and convenience on the doorstep.
Just five miles northeast of Norwich, it’s well-placed for anyone who wants a quieter home setting without feeling cut off.
Everyday essentials are right in the village, including a convenience store, primary school, doctors’ surgery and a village hall that hosts community activities.
There’s also a good amount of green space, with a playing field, play area and places to walk the dog.
For food, drink and a bit of atmosphere, the Sole & Heel pub on Salhouse Road has become a real hub again since its refurbishment, offering a friendly pint, outdoor seating and regular social events.
One of Rackheath’s biggest advantages is how easy it is to get around.
The NDR (Broadland Northway / A1270) runs right by the area and links very smoothly to the A47, which means commuting is genuinely straightforward whether you’re heading into Norwich or further afield.
Bus travel is also practical, routes such as Konectbus 5 and 5B run regularly into the city, so you don’t have to rely solely on the car.
Cycling is becoming more realistic too, with routes connecting out toward Norwich and the surrounding villages. Rackheath is also nicely placed between a number of other well-served areas.
Just down the road, Sprowston offers bigger supermarkets, retail parks, takeaways and schools.
Thorpe St Andrew is not far either, it has riverside walks, good places to eat and well-regarded education options including Thorpe St Andrew School.
Another big draw is how close Rackheath is to the countryside and the Broads. Salhouse Broad is just around the corner and offers beautiful walking routes, paddleboarding, boating and wildlife.
For anyone who enjoys being outside, whether that’s cycling, dog walking, or just getting some fresh air, it’s a great location.
Spencer Road, Rackheath A well-presented 40% shared ownership three-bedroom home set within the increasingly popular and up-and-coming village of Rackheath, offering generous living space, a good-sized garden plot and practical parking including a tandem driveway and garage.
The location continues to grow in demand thanks to its developing community feel, access to local amenities and convenient links to Norwich and surrounding areas.
The property opens into a welcoming entrance hall with useful storage cupboard and a ground floor WC, ideal for everyday living.
To the rear of the home is a large sitting room, finished with a calming green theme and enjoying plenty of natural light.
Patio doors lead directly out to the garden, creating an easy flow between indoor and outdoor space and making this room ideal for both relaxing and entertaining.
The kitchen dining room is a real feature of the home, designed as a sociable and functional space.
The kitchen is fitted with gloss white units, complemented by contrasting blue tiles and a distinctive cool pink colour theme that adds character without overpowering the room.
There is ample space for a dining table, and a rear door provides additional access to the garden, making this a practical layout for family life or summer gatherings.
Upstairs, the property offers three well-proportioned bedrooms. The main bedroom benefits from a wardrobe and an ensuite shower room, providing a comfortable and private retreat.
Two further bedrooms offer flexibility for family, guests or home working, and are served by a main bathroom fitted to meet everyday needs.
Outside, the home sits on a great-sized garden plot with minimal overlooking from neighbouring properties, giving a welcome sense of privacy.
The garden offers plenty of potential for outdoor seating, play space or further landscaping.
Combined with the garage and tandem driveway, this home delivers both space and practicality, making it an excellent opportunity for buyers seeking shared ownership in a growing and well-regarded location.
Agents Note This property will be sold leasehold. 988 years remain on the lease. Connected to mains water, electricity, gas and drainage.
The monthly cost is approximately £530, which includes both the service charge and building insurance. Shared ownership is subject to eligibility criteria and approval by the housing association.
Applicants must meet specific requirements, and additional terms and conditions will apply. Further information is available upon request.
EPC Rating: B Disclaimer Minors and Brady (M&B) along with their representatives, are not authorised to provide assurances about the property, whether on their own behalf or on behalf of their client.
We don’t take responsibility for any statements made in these particulars, which don’t constitute part of any offer or contract.
To comply with AML regulations, £52 is charged to each buyer which covers the cost of the digital ID check.
It’s recommended to verify leasehold charges provided by the seller through legal representation.
All mentioned areas, measurements, and distances are approximate, and the information, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively.
It shouldn’t be assumed that the property has all necessary planning, building regulations, or other consents.
Services, equipment, and facilities haven’t been tested by M&B, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About Spencer Road, Rackheath
Explore nearby