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Swaffham Road, Dereham, NR19 2BA

East of England

£125,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom terraced cottage is ideally situated within walking distance of the town center, providing easy access to a variety of shops, cafes, and public transport options. The property's location enhances its appeal, making it suitable for first-time buyers, those looking to downsize, or investors seeking a property with renovation potential. Inside, the ground floor features a spacious lounge measuring 11'4", creating a comfortable living area that invites personalization. Adjacent to the lounge is an 11'11" dining room, which offers versatility and could serve as a formal dining space or an office—perfect for adapting to current lifestyle needs. The kitchen is functional and provides direct access to the outdoor area. On the upper floor, you’ll find two generously sized bedrooms that allow for ample storage and furniture arrangements, alongside a family bathroom that completes the layout. While the home requires updating throughout, this presents an excellent opportunity for buyers who wish to invest time and resources into creating their ideal living space. The property also boasts an enclosed rear garden that provides a private outdoor retreat. With some landscaping and design work, this space could become a low-maintenance escape or even be transformed into a productive garden equipped with both a block-built store and a large shed. Offered with no onward chain, this cottage not only promises convenience but also holds significant investment potential in a sought-after area. Whether you're venturing onto the property ladder or considering your next project as a buy-to-let venture, this home offers an excellent foundation to capitalize on in today's market.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Swaffham Road, Dereham, NR19 2BA
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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
£458
Based on a loan of £93,750 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