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Acorn Way, Dereham

East of England

£300,000
Listed on 03/05/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
852 sqft

Description

This two-bedroom bungalow, located in the appealing town of Dereham, offers an excellent opportunity for renovation and investment. The property features a welcoming entrance hall and an expansive open-plan kitchen and dining area that is ideal for both entertaining and family living. Bi-folding doors naturally extend the space into a private garden, which is currently maintained with a mixture of lawn and patio areas. While the interior is comfortable, there exists considerable potential to enhance the living spaces further. The kitchen comes fitted with essential appliances and ample storage options, yet could benefit from modern updates to elevate its functionality. The dual-aspect living room is bright but could be refreshed with contemporary decor to maximize light and space. The existing bathroom includes modern fittings but may require some updates to align with current trends. Additionally, previous planning permission for a rear extension remains valid, providing an exciting avenue for expansion, potentially adding a third bedroom or additional reception space (subject to planning approval). With off-road parking and local amenities just a short distance away, this property's combination of charm, flexibility, and untapped potential makes it an intriguing prospect for those looking to invest in a home that can be adapted to meet personal lifestyle needs.

Investment Analysis

(NR19 area)

Above Market Value

This property is priced +35.4% above area average per sq ft

+35.4%
This Property
£352/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£206
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£243,672
10% above area average per sq ft
Potential ROI
-28.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NR19)

Area prices are stable by +0.7% over the last 12 months
3 year growth: -8.6%
5 year growth: +7.7%
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 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,070
Based on a loan of £225,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-7.7% since listed
£300,000£25,000(-7.7%)
12/01/2026
Current price
£325,000Initial listing
02/01/2026

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