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Fortunes Well, 25 Holt Road, North Elmham, Dereham, Norfolk NR20 5JA - Image 1
Fortunes Well, 25 Holt Road, North Elmham, Dereham, Norfolk NR20 5JA - Image 2
Fortunes Well, 25 Holt Road, North Elmham, Dereham, Norfolk NR20 5JA - Image 3
Fortunes Well, 25 Holt Road, North Elmham, Dereham, Norfolk NR20 5JA - Image 4
Fortunes Well, 25 Holt Road, North Elmham, Dereham, Norfolk NR20 5JA - Image 5
Fortunes Well, 25 Holt Road, North Elmham, Dereham, Norfolk NR20 5JA - Image 6
Fortunes Well, 25 Holt Road, North Elmham, Dereham, Norfolk NR20 5JA - Image 7
Fortunes Well, 25 Holt Road, North Elmham, Dereham, Norfolk NR20 5JA - Image 8
Fortunes Well, 25 Holt Road, North Elmham, Dereham, Norfolk NR20 5JA - Image 9
Fortunes Well, 25 Holt Road, North Elmham, Dereham, Norfolk NR20 5JA - Image 10
Fortunes Well, 25 Holt Road, North Elmham, Dereham, Norfolk NR20 5JA - Image 11

Fortunes Well, 25 Holt Road, North Elmham, Dereham, Norfolk NR20 5JA

East of England

£275,000
Listed on 03/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1302 sqft

Description

This detached bungalow is nestled on a spacious plot, offering an excellent opportunity for renovation or extension (subject to planning permissions). The home is strategically located at the end of a private drive, providing a sense of seclusion while still being conveniently positioned to enjoy views over local village amenities, including playing fields, a bowling green, and tennis courts. Currently featuring two bedrooms, the property has significant potential for modernization or reconfiguration to meet contemporary living standards. The existing layout includes a comfortable sitting room and lounge connected to a kitchen/breakfast area, along with a bathroom and separate WC. There’s also an adjoining workshop/store that could be repurposed to suit various needs. The outdoor space enhances the appeal of this property, featuring a long driveway that provides ample parking as well as access to a detached double garage. The gardens extend behind the bungalow, bordered by community amenities which add value by enhancing the overall setting and accessibility. This property represents an intriguing prospect for investors or those looking to craft their ideal home in a desirable village location. With its generous footprint and proximity to recreational facilities, it signifies not only immediate comfort but also future investment potential. Viewings can be arranged by appointment only, encouraging prospective buyers to explore the possibilities that this property offers in terms of both lifestyle and investment.

Investment Analysis

(NR20 area)

Below Market Value

This property is priced -26.8% below area average per sq ft

-26.8%
Potential saving
This Property
£211/sq ft
Area Average
£288/sq ft
Avg Rent (weekly)
£269
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£413,118
10% above area average per sq ft
Potential ROI
+23.3%
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

Fortunes Well, 25 Holt Road, North Elmham, Dereham, Norfolk NR20 5JA
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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
£1,007
Based on a loan of £206,250 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