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See how verdicts workBungalow · NR14 6PX
For saleReduced £55k (−10%) on 25 SepListed 69 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A rare opportunity to acquire a substantial countryside plot of approximately one acre and over 2000 sq ft of accommodation, comprising of two detached bungalows, extensive outbuildings and with planning permission for three detached bungalows.
Offered with no onward chain, The Hollies presents an exciting development opportunity whilst also offering versatile multi-generational living or income potential, all set within a peaceful rural location enjoying far-reaching countryside views.
The Hollies occupies an enviable rural setting close to Haddiscoe, enjoying open countryside views and a generous plot of approximately one acre.
A substantial tarmac driveway provides extensive off-road parking for numerous vehicles.
The main residence is a spacious detached bungalow with entry via a large, bright boot room, which provides access to both the welcoming entrance hall and the large kitchen.
The kitchen offers generous worktop space and an abundance of storage while enjoying an open aspect through to the sitting and dining room, creating an ideal layout for family life and entertaining.
The spacious sitting/dining room is centred around an attractive feature fireplace. From the hallway are three well-proportioned double bedrooms, all served by a shower room.
The bungalow also benefits from its own private rear garden, a small outbuilding and a dedicated parking area to the front.
The second detached bungalow offers equally generous proportions and provides excellent scope for refurbishment and modernisation.
The accommodation comprises a spacious entrance hall, an open-plan kitchen/dining room, a large sitting room, two double bedrooms and a sizeable shower room.
Parking is available to the side of the property. The grounds extend to approximately one acre and offer outstanding potential.
To the front of the site is a substantial detached garage, while elsewhere within the grounds is two mobile homes.
The property benefits from planning permission for the construction of three detached bungalows, presenting a superb opportunity for developers, investors or those looking to create a bespoke residential development, subject to the existing consent.
The Hollies has been in the same family for many years and has an interesting history.
The second bungalow and large outbuilding were formerly used as a social club, adding to the property's unique character and heritage.
Important note to potential purchasers & tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Anti-Money Laundering (aml) Checks: In accordance with current legislation, all purchasers are required to complete aml and identity verification once an offer is accepted.
Checks are carried out by our approved third-party provider, Landmark. A non-refundable fee of £30 incl VAT (per person) is payable in advance.
A memorandum of sale will not be issued until satisfactory completion of these checks.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. QBC260107/2
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.
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FAQ
About The Hollies,, Mill Lane, Norwich
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