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Dereham Road, Norwich

East of England

£210,000

Listed on 13/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
880 sqft

Description

This three-bedroom terraced house presents a promising opportunity for renovation in a desirable area of Norwich. Offering spacious living across two reception rooms and a kitchen, the layout is adaptable, catering to various family needs or each individual’s vision. The property features well-sized bedrooms and practical facilities, including a two-piece bathroom and separate WC, enhancing convenience for everyday living. A generous rear garden allows for outdoor enjoyment and potential landscaping or gardening projects. In addition, converting the front garden into a driveway could greatly increase parking convenience and property value. Ideal for investors seeking rental options or first-time buyers desiring a home with room for personal touches, this property is positioned to benefit from thoughtful modernization. With its location just minutes from local amenities and transport links, it represents an attractive investment potential in a vibrant community.

Investment Analysis

(NR5 area)

Below Market Value

This property is priced -15.5% below area average per sq ft

-15.5%
Potential saving
This Property
£239/sq ft
Area Average
£282/sq ft
Avg Rent (weekly)
£420
Avg Yield
7.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£273,266
10% above area average per sq ft
Potential ROI
+16.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NR5)

Area prices are falling by -5.8% over the last 12 months
3 year growth: -9.2%
5 year growth: +3.4%
Investment Disclaimer: Analysis based on NR5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Dereham Road, Norwich
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£749
Based on a loan of £157,500 over 30 years at 3.97% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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