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Hillcrest Avenue, Dereham

East of England

£180,000
Listed on 31/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
844 sqft

Description

Nestled in a tranquil, established neighbourhood of Dereham, this two-bedroom bungalow presents a prime opportunity for renovation and personalisation. The property features a spacious sitting room that invites natural light, complemented by an adjoining dining area that seamlessly connects to the kitchen—ideal for creating a contemporary open-plan space. The kitchen includes ample storage with both wall and base units while providing room for essential appliances. Each of the two well-sized bedrooms offers comfortable accommodation, and the modern shower room is finished with stylish fixtures. The garden is low-maintenance, making it perfect for those who prefer minimal outdoor upkeep. With a garage and driveway parking enhancing convenience, this home is positioned within easy reach of local amenities and transport links, making it an attractive option for those looking to invest in a property they can enhance further. This bungalow not only combines practicality with charm but also holds significant potential for modernisation to suit personal tastes.

Investment Analysis

(NR19 area)

Below Market Value

This property is priced -18.4% below area average per sq ft

-18.4%
Potential saving
This Property
£213/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£223
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£242,730
10% above area average per sq ft
Potential ROI
+12.9%
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

Hillcrest Avenue, 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
£659
Based on a loan of £135,000 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