313 Dereham Road, Norwich, Norfolk NR2 3TJ

Description

An over the passage hall entrance terrace house with strong investment potential or ideal for owner occupation This spacious bay fronted four/five bedroom terrace house has an "over the passage" layout and is arranged over two floors. The property has been let for a number of years and is now to be sold with vacant possession requiring modernisation throughout so provides an excellent opportunity for an owner occupier looking for a property or investment potential. The accommodation comprises an entrance hall, lounge/bedroom 5, dining/living room, kitchen and bathroom/wc on the ground floor. To the first floor there are four bedrooms and a bathroom off the landing. There is a good sized garden to the rear of the property that can also be accessed by the passage way. The property also benefits from on street non permit parking. The property is located less than 1 mile from Norwich City Centre, within easy reach of local amenities, schooling and regular public transport links. It is also located conveniently close to NNUH and UEA, with direct bus routes to both.

Location

313 Dereham Road, Norwich, Norfolk NR2 3TJ. Located in the NR2 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Development. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended development strategy with adequate contingency.

Strategy Rating

Development: ★★★★☆ | Resale: ★★★★☆ | Buy-to-Let: ★★☆☆☆