We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · NR2 3AN
Listing removedListed 218 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This generously proportioned bay fronted Victorian mid terrace home enjoys a slightly elevated position and offers versatile and well presented accommodation throughout.
The ground floor features a bright bay fronted lounge dining room with useful understairs storage, leading through to a quality fitted kitchen.
To the rear, there is a convenient ground floor shower room combined with a utility area.
Upstairs, the property provides two double bedrooms off the landing, with the principal bedroom benefiting from its own renovated en-suite.
From the second bedroom, there is access to a storage area Further benefits include double glazing and and a recently installed boiler supplying gas central heating.
Externally, the home boasts a lawned front garden, while to the rear there is a non-bisected garden featuring a patio area, lawn, and a timber garden shed.
This attractive property would make an ideal first time purchase or a strong buy to let investment opportunity and is offered to the market with No Onward Chain.
Location Situated to the West of the City centre within the highly sought after NR2 postcode, this property enjoys a vibrant and convenient location that is particularly popular with both homeowners and investors alike.
The area is well known for its excellent range of nearby cafes, restaurants and traditional pubs, including the highly regarded Fat Cat Free House on Nelson Street, a well loved local destination.
Everyday amenities are close at hand with a variety of shops nearby, including a Tesco Express, Co-op Local and several takeaway outlets, making day to day living extremely convenient.
The area is also well served by local doctors surgeries and reputable schooling, further adding to its appeal.
Public transport links are excellent, with regular bus services running along Dereham Road providing easy access in and out of the City centre.
In addition, the property is within reasonable travelling distance of the University of East Anglia and the Norfolk and Norwich University Hospital, making it an ideal location for a wide range of buyers.
Notice Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and as so cannot verify that they are in working order or fit for their purpose.
Pymm & Co cannot guarantee the accuracy of the information provided. This is provided as a guide to the property and an inspection of the property is recommended.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 218, Dereham Road, Norwich
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