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Hillcrest Avenue, Dereham

East of England

£180,000
Listed on 30/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
844 sqft

Description

Nestled in a tranquil and well-established area of Dereham, this two-bedroom bungalow holds significant potential for those looking to invest in modernisation. The property features a bright sitting room that offers a welcoming atmosphere, while the adjoining dining area flows effortlessly into the kitchen, making it ideal for social gatherings. Although functional, the kitchen provides an opportunity for updates, with ample storage space and room for appliances. The two spacious bedrooms are complemented by a contemporary shower room, which adds a modern touch to the home. Natural light permeates throughout, enhancing the overall warmth of the space. Outside, a low-maintenance garden awaits, paired with a garage and driveway parking for added convenience. Located within close proximity to Dereham’s shops and amenities as well as public transport links, this bungalow is not only practical but also presents an excellent canvas for personalisation and value enhancement.

Investment Analysis

(NR19 area)

Below Market Value

This property is priced -19.0% below area average per sq ft

-19.0%
Potential saving
This Property
£213/sq ft
Area Average
£263/sq ft
Avg Rent (weekly)
£217
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£244,587
10% above area average per sq ft
Potential ROI
+19.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (NR19)

Area prices are stable by -1.3% over the last 12 months
3 year growth: -10.6%
5 year growth: +4.8%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£649
Based on a loan of £135,000 over 30 years at 4.06% 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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