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Hillcrest Avenue, Dereham

East of England

£170,000
Listed on 01/01/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
665 sqft

Description

This semi-detached bungalow with two bedrooms provides a promising opportunity for buyers interested in personalising their living space. Nestled behind a quaint picket fence, the property boasts a tidy brickweaved front that enhances its curb appeal. The interior layout includes a kitchen, two comfortable bedrooms, and a sitting room that leads directly to the low-maintenance rear garden, which has been fully patioed for easy upkeep. The existing decor features carpeting throughout, offering warmth while presenting an opportunity for modernisation and tailored updates in both style and functionality. A shower room rounds out the practical configuration of the home. Although parking arrangements are yet to be confirmed, this quiet location is ideal for first-time buyers or downsizers looking for a project to enhance their investment. The surrounding area of Toftwood is well-established, providing easy access to local amenities and transport links to nearby towns, making this property an attractive refurbishment candidate.

Investment Analysis

(NR19 area)

Below Market Value

This property is priced -3.0% below area average per sq ft

-3.0%
Potential saving
This Property
£256/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
£192,714
10% above area average per sq ft
Potential ROI
-1.2%
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
£613
Based on a loan of £127,500 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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