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Middlemarch Road, Toftwood

East of England

£260,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1526 sqft

Description

Situated in a peaceful residential neighbourhood, this detached chalet-style home presents an intriguing investment opportunity for those looking to customize their living space. Set on a spacious corner plot surrounded by mature gardens, the property features a driveway and a single garage, adding to its appeal. Inside, the layout is functional with a bright living room, an open-plan kitchen and dining area, and a sunroom that overlooks the tranquil garden. The upper floor comprises three well-sized bedrooms—two of which include built-in wardrobes—and a family bathroom that offers great potential for modernization. This property requires some updating, making it an excellent choice for buyers eager to add personal touches and enhancements. The surrounding area is known for its strong community spirit and convenient access to local amenities in Dereham, enhancing the appeal for families or those wishing to downsize. Offered with no onward chain, this home is poised for new owners ready to transform it into their ideal residence.

Investment Analysis

(NR19 area)

Below Market Value

This property is priced -34.8% below area average per sq ft

-34.8%
Potential saving
This Property
£170/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£223
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£438,870
10% above area average per sq ft
Potential ROI
+46.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Middlemarch Road, Toftwood
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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
£952
Based on a loan of £195,000 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