3-bedroom house · NR9 5RF
Listing removedReduced £50k (−12.5%) on 21 JunListed 214 days
Opportunity summary
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About
Offering modern village living within the desirable Wensum Valley, this newly built detached chalet-style home forms one of only four properties completed by the developer in the village since 2014.
The well-arranged accommodation includes a bright open-plan living area with French doors opening onto the enclosed rear garden and a contemporary fitted shaker-style kitchen with integrated appliances, including a double oven, induction hob with extractor hood, integrated dishwasher and fridge freezer.
The home also features a spacious ground-floor bedroom with a private ensuite shower room, while the first floor provides two further well-proportioned bedrooms served by a modern family bathroom.
Additional benefits include a driveway providing off-road parking, an energy-efficient air source heat pump providing heating and hot water, underfloor heating to the ground floor with radiators to the upper level, downlights throughout except bedrooms and the living room, and the reassurance of a 10-year structural warranty, all within the highly regarded Reepham High School catchment area.
Location Richmond Place is located in the popular village of Lyng, a well-regarded Norfolk village positioned between Dereham and Norwich, offering a pleasant rural setting with convenient access to nearby towns and amenities.
The village itself provides a small selection of local facilities, including a village hall, church, public house and well-used community spaces, while everyday shopping, supermarkets, schools and additional services can be found in nearby Dereham, just a short drive away.
Lyng is also well placed for access into Norwich, making it suitable for those who commute while still wanting a village environment.
The surrounding Norfolk countryside offers plenty of walking routes and outdoor space, with the nearby River Wensum adding to the area’s appeal for those who enjoy nature and outdoor activities.
Richmond Place, Lyng Entry is through the front door into an entrance hall where a useful storage cupboard provides practical everyday storage.
A conveniently positioned WC is fitted with a contemporary suite including a wash basin with tiled splashback.
Stairs rise to the first floor while internal doors lead through to the main living accommodation. At the rear of the home, the open plan living area forms the central hub of the property.
This spacious room is filled with natural light through multiple windows and a set of French doors which open directly onto the rear garden, creating an easy connection between the indoor living space and outside.
The layout comfortably accommodates both seating and dining areas, making it well suited for everyday living as well as entertaining.
The kitchen is neatly arranged within this open space and features a modern shaker style kitchen with fitted cabinetry paired with work surfaces and tiled splashbacks.
A selection of integrated appliances are built into the design, including a double oven, induction hob with extractor hood above, dishwasher and fridge freezer, along with an inset sink positioned beneath the window.
The cabinetry provides generous storage while maintaining a clean and contemporary appearance.
Also located on the ground floor is a well proportioned bedroom positioned towards the rear of the property.
This room benefits from its own ensuite shower room fitted with a walk in shower, WC and wash basin with tiling around the sanitaryware and heated towel rail, making it ideal for guests, family members requiring ground floor accommodation, or flexible use depending on requirements.
Stairs rise to the first floor landing which provides access to two further bedrooms, both generous in size and filled with natural light.
These rooms are served by a family bathroom fitted with a bath, WC and wash basin with tiled walls around the sanitaryware and heated towel rail.
Outside, the rear garden is enclosed with close board fencing, offering privacy and security.
A paved terrace sits directly outside the French doors, creating a practical space for outdoor seating, while the remainder of the garden offers further scope for planting or landscaping.
To the front, a low level picket style fence defines the boundary while a driveway positioned to the side provides off road parking.
The home also benefits from an energy efficient air source heat pump providing heating and hot water, with underfloor heating installed across the ground floor and radiators serving the upper level.
Agents notes Sold freehold, connected to main services water, electricity and drainage. Council Tax Band- tbd Heating: Air source heat pump with underfloor heating to the ground floor and radiators.
Some images used in this listing have been digitally staged to illustrate potential furnishing and layout options. We recommend arranging a viewing to assess the space and features in person.
EPC Rating: F 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
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Archie refurb estimate: a Pro feature
0.0% below asking
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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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