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Riverside Close, Scarning, Dereham, NR19 2FF - Image 1
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Riverside Close, Scarning, Dereham, NR19 2FF

East of England

£300,000
Listed on 03/10/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1679 sqft

Description

This linked detached home offers a promising opportunity for buyers interested in a renovation project or looking to invest in a property with significant potential. Featuring five bedrooms and generous living space spread over three floors, this residence is situated in a desirable area of Scarning, making it ideal for families ready to make their own modifications. As you enter the home, you’re greeted by a welcoming entrance hall that leads into a bright and spacious lounge measuring 14'7". This room serves as an inviting area for both relaxation and gatherings, flowing naturally towards the rear of the property. The kitchen/breakfast room spans 17'1", providing ample space for culinary activities and family meals while also offering direct access to the private rear garden. A conveniently located downstairs WC adds practicality to the ground floor layout. The first floor features three well-proportioned bedrooms, all capable of accommodating double beds. The master bedroom stands out with fitted storage and an en-suite shower room. The additional bedrooms share a family bathroom equipped with both bath and shower facilities, enhancing comfort for everyday living. Ascending to the second floor, you'll find two further spacious bedrooms, each extending an impressive 17'2". Although these rooms feature some restricted head height, they offer versatility and can easily be adapted as guest accommodations, children’s spaces, or even home offices. A separate shower room completes this level, ensuring convenience for all inhabitants. Outside, the private rear garden presents an exciting blank canvas for landscaping or outdoor entertaining possibilities. Additionally, off-road parking is available via a garage and driveway at the front of the property. While this home could benefit from some modernization, its well-maintained condition offers a solid foundation for new owners to impart their style and preferences. With its expansive layout and sought-after location close to local amenities and schools—and with no onward chain—this property represents an attractive option for those looking to invest in their future living space. Early interest is likely given its size and location advantages; properties like this tend to attract attention quickly.

Investment Analysis

(NR19 area)

Below Market Value

This property is priced -31.7% below area average per sq ft

-31.7%
Potential saving
This Property
£179/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£223
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£482,872
10% above area average per sq ft
Potential ROI
+30.5%
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

Riverside Close, Scarning, Dereham, NR19 2FF
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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
£1,099
Based on a loan of £225,000 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