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Dereham Road, Norwich NR5

East of England

£200,000

Listed on 02/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
880 sqft

Description

This three-bedroom terraced house presents a promising opportunity for those looking to invest in the competitive Norwich property market. Located in the popular NR2 postcode, this property is chain-free and boasts spacious accommodation with two reception areas and a kitchen that can be transformed to suit modern tastes. While the home is functional as-is, it offers significant potential for refurbishment, allowing new owners to inject their personal style and enhance its value. The ample rear garden provides an ideal outdoor space for entertaining or gardening enthusiasts, while the possibility of converting the front area into a driveway could further elevate convenience and desirability. Situated conveniently close to local shops, cafes, and essential services, residents will appreciate easy access to public transport links into Norwich city centre as well as major roadways for wider travel. This location is particularly attractive due to its proximity to reputable schools and green spaces like Eaton Park, making it suitable for families and professionals alike. Whether it's an investment for rental purposes or a family home needing some modernization, this property represents a solid long-term opportunity in a thriving community.

Investment Analysis

(NR5 area)

Below Market Value

This property is priced -18.6% below area average per sq ft

-18.6%
Potential saving
This Property
£227/sq ft
Area Average
£279/sq ft
Avg Rent (weekly)
£430
Avg Yield
8.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£270,362
10% above area average per sq ft
Potential ROI
+15.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NR5)

Area prices are falling by -4.2% over the last 12 months
3 year growth: -9.8%
5 year growth: +4.4%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£756
Based on a loan of £150,000 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

Price History

-4.8% since listed
£200,000£10,000(-4.8%)
02/06/2026
Current price
£210,000Initial listing
18/03/2026

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