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Acorn Way, Dereham

East of England

£325,000
Listed on 03/01/2026

Property Details

Bedrooms
2
Type
Detached house
Area
852 sqft

Description

This two-bedroom bungalow in Dereham represents a compelling opportunity for those looking to invest in a property with substantial renovation potential. Nestled within a tranquil residential area, the home boasts a bright and inviting interior that could be transformed into a modern haven. The open-plan kitchen and dining space, complemented by bi-folding doors to the rear garden, create an ideal setting for entertaining and family gatherings; however, there is room to enhance these features further. Both bedrooms offer plenty of natural light and can be reimagined or extended (subject to planning permission) to better suit your needs. A private garden provides outdoor space for relaxation or potential landscaping improvements. The existing layout is functional but allows for creative upgrades that could significantly boost property value. Coupled with off-road parking and proximity to local amenities, this bungalow has all the right components for an astute buyer looking to make their mark in Dereham.

Investment Analysis

(NR19 area)

Above Market Value

This property is priced +45.9% above area average per sq ft

+45.9%
This Property
£381/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
£245,031
10% above area average per sq ft
Potential ROI
-31.9%
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

Acorn Way, 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
£1,191
Based on a loan of £243,750 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