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45 Dereham Road, Norwich, Norfolk NR2 4HY - Image 1
45 Dereham Road, Norwich, Norfolk NR2 4HY - Image 2
45 Dereham Road, Norwich, Norfolk NR2 4HY - Image 3
45 Dereham Road, Norwich, Norfolk NR2 4HY - Image 4
45 Dereham Road, Norwich, Norfolk NR2 4HY - Image 5
45 Dereham Road, Norwich, Norfolk NR2 4HY - Image 6
45 Dereham Road, Norwich, Norfolk NR2 4HY - Image 7
45 Dereham Road, Norwich, Norfolk NR2 4HY - Image 8
45 Dereham Road, Norwich, Norfolk NR2 4HY - Image 9
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45 Dereham Road, Norwich, Norfolk NR2 4HY - Image 11
45 Dereham Road, Norwich, Norfolk NR2 4HY - Image 12

45 Dereham Road, Norwich, Norfolk NR2 4HY

East of England

£200,000
Listed on 14/04/2026

Property Details

Bedrooms
N/A
Type
Office

Description

This substantial freehold office property, extending over 2,500 sq ft, is located on a well-trafficked route near the heart of Norwich. Previously utilized as a solicitors' office, the premises feature an array of adaptable spaces spread across two levels, including several basement storage rooms. This building presents significant potential for renovation and repurposing for various uses, pending planning approval. Additionally, there is an adjacent warehouse available separately which holds planning permission for redevelopment into three two-storey townhouses – an excellent investment opportunity to maximize the site’s value. The well-proportioned layout includes a main reception area and various offices, complemented by kitchen facilities and restrooms on the first floor. With its prominent positioning and flexible accommodation options, this property stands out as a prime candidate for developers and investors looking to make their mark in a sought-after location.

Investment Analysis

(NR2 area)
Area Average
£322/sq ft
Avg Rent (weekly)
£327
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (NR2)

Area prices are stable by -1.0% over the last 12 months
3 year growth: +7.7%
5 year growth: +8.1%
Investment Disclaimer: Analysis based on NR2 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

45 Dereham Road, Norwich, Norfolk NR2 4HY
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£708
Based on a loan of £150,000 over 30 years at 3.91% 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

This calculation uses non-residential (land/commercial) tax rates.

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