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Dereham Road, Mattishall, Dereham

East of England

£220,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1184 sqft

Description

This spacious detached bungalow, constructed in 1961, presents a distinctive opportunity for renovation and investment. Set on an expansive south-facing plot of nearly a fifth of an acre, the property is a blank canvas awaiting your vision for modernization. Potential renovations could include reconfiguring the layout for open-plan living or exploring options for extensions or a loft conversion, subject to local planning approval. Inside, the bungalow features a welcoming porch that opens into a generous hallway. The bright lounge includes a fireplace and leads to two sizable double bedrooms. A conservatory adds additional living space, while the kitchen/breakfast room is equipped with integrated pantry storage and provides access to the garden. Although the property requires updating throughout, it offers considerable potential for buyers looking to imprint their personal style. Externally, the long driveway facilitates off-street parking for multiple vehicles and offers access to a tandem garage with room for two cars and an integrated pit. The front area is primarily shingle but could be transformed into additional parking or restored to its original lawn. The rear garden is predominantly laid to lawn and features mature vegetation, including an apple tree and a small pond, making it ideal for those considering expansion while maintaining generous outdoor space. Located in the peaceful village of Mattishall, this property combines rural charm with convenient access to amenities. Just 5 miles from Dereham and 10 miles from Norwich, it benefits from easy commuting options via the nearby A47. Local conveniences such as shops, cafes, a doctor's surgery, and community facilities contribute to its appeal as a family-friendly environment. The surrounding area offers educational opportunities with nurseries and primary schools within walking distance; secondary schools are easily accessible by bus or car. This growing community provides various recreational activities through sports clubs and parks. Overall, this bungalow holds significant renovation potential in a desirable location—ideal for investors or those looking to create their perfect home in a tranquil setting.

Investment Analysis

(NR20 area)

Below Market Value

This property is priced -35.6% below area average per sq ft

-35.6%
Potential saving
This Property
£186/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£269
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£375,677
10% above area average per sq ft
Potential ROI
+39.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NR20)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -2.9%
5 year growth: 18.2%
Investment Disclaimer: Analysis based on NR20 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

Dereham Road, Mattishall, 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
£806
Based on a loan of £165,000 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