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Hillcrest Avenue, Dereham

East of England

£190,000
Listed on 27/11/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
665 sqft

Description

This two-bedroom semi-detached bungalow presents a promising canvas for those looking to invest in a property with renovation potential. Nestled behind a quaint picket fence, the house features a tidy brickweaved pathway that contributes to its initial appeal. Inside, space is allocated for a kitchen, two comfortable bedrooms, and a sitting room that grants access to the rear garden—fully paved for easy maintenance. While the carpeting throughout offers immediate warmth, there is ample opportunity for updating and personalizing the interiors to suit your style. The practical layout includes a shower room and suggests scope for modern improvements. With parking arrangements yet to be confirmed, this property provides flexibility for future owners. Located in the serene neighbourhood of Toftwood within Dereham, it’s close to local amenities and public transport links, making it an excellent option for first-time buyers or downsizers looking to create their ideal home.

Investment Analysis

(NR19 area)

Above Market Value

This property is priced +9.3% above area average per sq ft

+9.3%
This Property
£286/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
£191,251
10% above area average per sq ft
Potential ROI
-15.0%
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
£696
Based on a loan of £142,500 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