Welcome to the new Independent website. We hope you enjoy it and we value your feedback. Please contact us here.

The Property Equation: what will £995,000 buy?

For the price of a Norfolk manor house in more than 10 acres, you could snap up three other charming homes. Rosalind Russell does the sums

Morley Manor in the village of Morley St Botolph, 13 miles from Norwich in Norfolk, is the local big house, standing in more than 10 acres. Grade II*-listed, it has been refurbished under the watchful eye of the Norfolk Conservation Authority and would now suit either a large family – there are six bedrooms plus a self-contained one-bedroom flat – or someone working from home who needs lots of office space.

It has an impressive entrance hall, more than 17ft square, with shuttered sash windows, tiled floor and an archway leading to a fine, curved staircase. There are drawing and sitting rooms with open fireplaces, and a dining room with views over the lake in the garden. The tennis court is in good condition, and there is three-car garaging and a walled garden with a hot-tub (for sale separately).

London Liverpool Street is 100 minutes by rail from Norwich. For sale through Strutt & Parker, on 01603 617431, priced at £995,000.

But for the same money . . .

You could buy an extremely handsome five-storey Regency-style town house within walking distance of Leeds city centre. Overlooking a garden square, the four-bedroom house has a sitting room with chandelier and wood-panelled windows, a morning room with open fire, stained-glass window, shutters and a lower ground kitchen with limestone floor, marble worktop and Smeg stainless steel, double cooking range. There's also a large attic room. The courtyard garden is small and enclosed, with off-street parking for two cars. For sale through Carter Jonas, on 0113 242 5155, priced at £485,000.

As well as . . .

A pretty cottage in Yorkshire, between Ripon and Thirsk, in James Herriott country. Stonecroft is a stone-faced, three-bedroom detached house in the middle of Rainton, overlooking the village green and half a mile from the A1. Good transport links should be weighed against possible road noise.

The third bedroom is tiny, study-sized really, but there is a 22ft attic room-cum-studio with Velux roof windows. There's also a cast-iron fireplace in the sitting room, dining room with pine floorboards – both rooms decorated in neutral colours – a modern 10ft kitchen, walled gardens and a single garage. It's for sale through Dacre, son & Hartley, on 01765 605151, priced at £195,000.

And you'd still have enough money left over for ...

A house in the leafy south London suburbs, between West Dulwich and West Norwood. This Twenties semi, which retains some Art Deco features, has three bedrooms, all with tiled fireplaces, one bathroom and a large loft space, which may be suitable for conversion. It has a sitting room with tiled Art Deco fireplace and wooden floor, dining room and a smallish kitchen, although there's room for an extension, subject to planning permission.

There is is a 55ft rear garden and front garden with room for two cars in the drive. It's for sale through Hamptons International, on 020 7738 7622, price £315,000.