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Dereham Road, Watton

East of England

£350,000
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2002 sqft

Description

This substantial detached home, located in the market town of Watton, presents an excellent opportunity for buyers seeking to invest in a property with significant renovation potential. The residence is notably positioned outside of typical estate developments, ensuring both privacy and easy access to local amenities. A bright entrance hall welcomes you and leads to a utility area and WC, while the spacious sitting room features a traditional fireplace, enhancing its charm. The adjoining conservatory offers a tranquil view of the expansive garden, which is ripe for imaginative landscaping or redesigning. The kitchen/breakfast area is functional yet has scope for modernisation, incorporating your choice of appliances. Adjacent to it lies a versatile dining room that could easily transition into an office space or additional bedroom as necessary. Upstairs, you'll find four well-sized bedrooms equipped with built-in storage solutions. The master suite enjoys the luxury of an en-suite shower room, while the family bathroom boasts a corner bath that can be updated to suit contemporary tastes. Outside, the considerable private garden features both established greenery and outbuildings that promise further enhancement opportunities. With ample parking provided by a large driveway and double garage, this property accommodates both vehicles and storage needs. This residence not only offers generous living space but also provides a plethora of options for extension or transformation (subject to planning permission), making it ideal for those looking to create their ideal home environment.

Investment Analysis

(IP25 area)

Below Market Value

This property is priced -33.9% below area average per sq ft

-33.9%
Potential saving
This Property
£175/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£235
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£582,702
10% above area average per sq ft
Potential ROI
+32.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (IP25)

Area prices are falling by +8.5% over the last 12 months
3 year growth: -7.2%
5 year growth: 11.2%
Investment Disclaimer: Analysis based on IP25 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

Dereham Road, Watton
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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
£1,282
Based on a loan of £262,500 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