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Dereham Road, New Costessey, Norwich - Image 1
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Dereham Road, New Costessey, Norwich

East of England

£225,000

Listed on 14/09/2026

The listing

Property details

Bedrooms
4
Type
Semi Detached
Area
1728 sqft

Description

This substantial four-bedroom semi-detached home on Dereham Road offers an exciting opportunity for buyers looking to modernise and create their ideal family residence. The property, which is offered with no onward chain, features generous accommodation spread across three floors, including a conservatory, workshop, and outbuilding. The ground floor comprises an entrance hall, a lounge, a separate dining room, a kitchen, a utility room, a W.C., and a conservatory, providing a versatile layout well-suited for family living and entertaining. Upstairs, the first floor hosts two generously sized bedrooms alongside a smaller third bedroom, which could serve as a study or guest space, complemented by a family bathroom. The second floor reveals a spacious fourth bedroom. Externally, the property benefits from a detached workshop and an additional outbuilding, offering excellent storage or potential for various uses. While the home requires updating throughout, it presents a rare opportunity for buyers to add value and personalise the space to their own taste. Conveniently located near local amenities, well-regarded schools, transport links, and Norwich City Centre, this property is a promising prospect for those seeking a spacious family home in a highly accessible location. Early viewing is highly recommended.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

79out of 100
Grade BGood opportunity

Confidence: MEDIUM

This substantial four-bedroom semi-detached home on Dereham Road is a fantastic opportunity for buyers looking to put their own stamp on a property. Offered at a guide price of £225,000, which is significantly below the local average of £279/sqf, this home stands out as a cheap option in a sought-after area. With a current asking price of just £130/sqf, there's considerable potential for value addition through renovation, making it an attractive proposition for those willing to invest in modernising the dated interiors.

The property features a spacious layout with well-proportioned rooms across three floors, including a conservatory and separate utility space. While the home requires updating throughout—evident in the general wear and dated decor—the generous plot size and existing outbuildings, including a workshop, enhance the appeal. This is a light renovation project, allowing buyers to design and refurbish according to their taste, and could lead to a substantial increase in value given the right improvements. With no onward chain, this is an exciting chance to acquire a family home with excellent potential in a convenient location.

Key opportunities

  • Spacious layout across three floors, providing ample room for family living.
  • Generous plot with a detached workshop and outbuilding for additional storage or potential uses.
  • Opportunity to modernise and create a home tailored to personal tastes.

Key risks

None recorded.

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Map

Location

Dereham Road, New Costessey, Norwich
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

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£
£
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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.

Tax

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Indicative tax based on the asking price and the options you select.

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