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Westfield Road, Dereham

East of England

£325,000
Listed on 21/11/2025

Property Details

Bedrooms
3
Type
Detached house

Description

Nestled in the sought-after area of Westfield Road, this bungalow in Dereham offers a prime opportunity for renovation and investment. The layout is practical and adaptable, featuring two well-proportioned reception rooms – a bright lounge with abundant natural light and a separate dining area that is ideal for family gatherings or entertaining. The kitchen, while functional, presents an excellent chance for modern updates to align with contemporary tastes. With three spacious double bedrooms, this property caters perfectly to families, those looking to downsize without compromising on space, or individuals requiring a home office or guest accommodation. Completing the interior is a suitably sized family bathroom. One of the highlights of this property is the self-contained annex, which can serve various purposes – from multigenerational living to a private workspace or even generating rental income (subject to necessary permissions). The exterior boasts a large rear garden that stands as a significant asset. Its expansive lawn area and mature boundaries offer ample space for outdoor activities and gardening enthusiasts. With side access and considerable depth, it also holds potential as a future building plot, appealing particularly to buyers with development aspirations. The front of the property features both a car port and an extensive driveway that provides convenient off-road parking for multiple vehicles, enhancing its overall appeal. This bungalow presents an exceptional chance to acquire a versatile home with substantial parking options and generous outdoor space in one of Dereham’s attractive neighborhoods. Given its potential for transformation, early viewing is recommended to fully appreciate what this property has to offer.

Investment Analysis

(NR19 area)
Area Average
£261/sq ft
Avg Rent (weekly)
£223
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Westfield Road, 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
£1,191
Based on a loan of £243,750 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