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313 Dereham Road, Norwich, Norfolk NR2 3TJ - Image 1
313 Dereham Road, Norwich, Norfolk NR2 3TJ - Image 2
313 Dereham Road, Norwich, Norfolk NR2 3TJ - Image 3
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313 Dereham Road, Norwich, Norfolk NR2 3TJ - Image 8
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313 Dereham Road, Norwich, Norfolk NR2 3TJ

East of England

£225,000

Listed on 24/06/2026

Property Details

Bedrooms
4
Type
Terraced
Area
1069 sqft

Description

This spacious terrace house presents an opportunity for investors or homeowners seeking a renovation project. With its 'over the passage' layout, this four to five-bedroom property spans two floors and features ample living space. It has been rented out for several years and is now being sold with vacant possession, making it an ideal candidate for modernization throughout. The ground floor comprises a welcoming entrance hall, a versatile lounge/bedroom 5, a dining/living room, a kitchen, and a bathroom/WC. Upstairs, you'll find four bedrooms along with a second bathroom located off the landing. A generous garden at the rear adds outdoor potential, accessible via a side passageway. Located less than one mile from Norwich City Centre and close to local amenities, schools, and public transport links, this property stands as a promising investment or personal project awaiting transformation.

Investment Analysis

(NR2 area)

Below Market Value

This property is priced -35.3% below area average per sq ft

-35.3%
Potential saving
This Property
£210/sq ft
Area Average
£326/sq ft
Avg Rent (weekly)
£318
Avg Yield
6.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£382,755
10% above area average per sq ft
Potential ROI
+41.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NR2)

Area prices are falling by -3.2% over the last 12 months
3 year growth: +5.4%
5 year growth: +9.0%
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

313 Dereham Road, Norwich, Norfolk NR2 3TJ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£850
Based on a loan of £168,750 over 30 years at 4.45% 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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