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Dereham Road, Norwich NR5 - Image 1
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Dereham Road, Norwich NR5

East of England

£210,000
Listed on 18/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
880 sqft

Description

This three-bedroom terraced house, located in a desirable area near the city centre of Norwich, offers a compelling opportunity for those looking to invest or create a personalized living space. The property features good-sized rooms arranged in a practical layout across two reception areas and a kitchen, providing ample scope for contemporary updates. Additionally, the well-proportioned bedrooms are complemented by a separate WC and bathroom, catering to family needs or accommodating guests comfortably. The generous rear garden serves as an inviting outdoor space, perfect for relaxation or potential landscaping projects. Furthermore, the front garden presents an opportunity to develop a driveway, enhancing convenience and market value. This home is particularly attractive for first-time buyers aiming to exert their creativity through modernization or investors seeking properties with strong rental potential due to its size and sought-after NR2 postcode. Nestled within proximity to local amenities such as shops and cafes, as well as excellent transport links including bus routes and rail access to London Liverpool Street within two hours, this property is ideally situated for both professionals and families. The nearby Golden Triangle neighborhood adds further appeal with its lively atmosphere and recreational green spaces like Eaton Park.

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 NR5
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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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