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The Crescent, Dereham

East of England

£190,000
Listed on 06/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
904 sqft

Description

This three-bedroom mid-terrace house presents a valuable opportunity for renovation and investment in the desirable area of Toftwood. Ideal for both first-time buyers and buy-to-let investors, the property comes with no onward chain, allowing for a swift transaction. On the ground floor, you'll find a fitted kitchen that provides the potential for modern updates, alongside a spacious living room that connects to a sunroom, which could serve as a bright space for relaxation or dining. The layout allows for reconfiguration to maximize usability and enhance the overall flow of the home. The upper level hosts three bedrooms—two generously sized doubles and a single—accompanied by a bathroom suite. This arrangement offers flexibility for various uses, whether as bedrooms or home offices, making it adaptable to changing needs. At the rear, there is a good-sized garden with access to an en-bloc garage, adding convenience for storage or potential conversion into additional living space. Located about half a mile from Dereham's bustling town center, this property benefits from proximity to local amenities including shops, cafes, and restaurants. There is also reliable public transport available with a half-hourly bus service nearby. Families will appreciate being within walking distance to Toftwood Primary and Infant School. With gas central heating and all main utilities connected (water, drainage, and electricity), this home is ready for your personal touch while offering significant potential to increase value through thoughtful renovations. Exploring this property could be your next step toward realizing its full investment capability.

Investment Analysis

(NR19 area)

Below Market Value

This property is priced -19.6% below area average per sq ft

-19.6%
Potential saving
This Property
£210/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£223
Avg Yield
4.2%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£259,986
10% above area average per sq ft
Potential ROI
+26.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NR19)

Area prices are stable by +1.2% over the last 12 months
3 year growth: -8.3%
5 year growth: 9.5%
Investment Disclaimer: Analysis based on NR19 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

The Crescent, Dereham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£696
Based on a loan of £142,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE