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Dereham Road, Norwich

East of England

£210,000
Listed on 13/03/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
880 sqft

Description

This three-bedroom terraced house presents a valuable opportunity for those looking to invest in a well-located property within Norwich. The home features spacious living areas distributed across two reception rooms, alongside a kitchen that offers potential for modernization. With generously sized bedrooms and the convenience of both a separate WC and a two-piece bathroom, this layout is adaptable to various lifestyles, whether accommodating family life or remote working. The rear garden stands out as a substantial outdoor space that can be transformed into an ideal setting for relaxation or entertainment. Additionally, the prospect of converting the front garden into off-road parking adds further value and convenience to this property. Positioned in a desirable area, close to local amenities and strong transport links, this home not only caters well to first-time buyers but also provides an enticing option for investors seeking rental prospects. With some updates tailored to personal preferences, this property holds significant potential for enhancement and customization, making it an attractive choice for those ready to put their own touch on their next home.

Investment Analysis

(NR5 area)

Below Market Value

This property is priced -15.6% below area average per sq ft

-15.6%
Potential saving
This Property
£239/sq ft
Area Average
£283/sq ft
Avg Rent (weekly)
£439
Avg Yield
8.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£273,557
10% above area average per sq ft
Potential ROI
+16.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NR5)

Area prices are falling by -4.6% over the last 12 months
3 year growth: -8.2%
5 year growth: +7.0%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£757
Based on a loan of £157,500 over 30 years at 4.06% 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.

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