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Westfield Road, Dereham - Image 1
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Westfield Road, Dereham

East of England

£325,000
Listed on 20/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
882 sqft

Description

This bungalow, situated on the sought-after Westfield Road in Dereham, offers an excellent blend of convenience and tranquility. Its prime location provides easy access to local amenities, schools, and transport links, making it appealing for families and investors alike. The property features a versatile layout with two well-proportioned reception rooms—a bright and airy lounge perfect for relaxation and a separate dining room suitable for family gatherings or entertaining guests. The kitchen is functional but presents a fantastic opportunity for modernisation, allowing the new owner to tailor it to their style. With three generous double bedrooms, this home caters well to families or anyone needing extra space for guests or a home office. Additionally, the family bathroom is adequately sized but could benefit from updates. A unique selling point is the self-contained annex that enhances the property's versatility. This additional space can serve various purposes such as multigenerational living, a guest suite, or even a dedicated workspace. It also holds potential for rental income, pending necessary permissions. Externally, the property boasts a large rear garden that stands out with its extensive lawn area and mature hedging—perfect for outdoor activities. The garden's significant depth offers exciting possibilities for development (subject to planning permission), appealing to those with investment aspirations. The front of the property includes a car port alongside ample off-road parking capabilities. In summary, this bungalow represents a remarkable opportunity in one of Dereham’s desirable locales, offering substantial flexibility and renovation potential. Early viewings are advisable to fully appreciate the opportunities this property holds.

Investment Analysis

(NR19 area)

Above Market Value

This property is priced +39.9% above area average per sq ft

+39.9%
This Property
£368/sq ft
Area Average
£263/sq ft
Avg Rent (weekly)
£217
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£255,599
10% above area average per sq ft
Potential ROI
-30.0%
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
44%
Properties sold annually

Local Market Trend (NR19)

Area prices are stable by -1.3% over the last 12 months
3 year growth: -10.6%
5 year growth: +4.8%
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

Westfield Road, Dereham
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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
£1,172
Based on a loan of £243,750 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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