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Basil Road, West Dereham, King's Lynn

East of England

£150,000
Listed on 07/01/2026

Property Details

Bedrooms
2
Type
Detached house
Area
606 sqft

Description

This two-bedroom detached bungalow, situated in the tranquil village of West Dereham, presents a promising investment opportunity for buyers looking to enter the rental market. With a generous plot size and a well-maintained rear garden, this property benefits from off-road parking and offers a serene rural lifestyle while remaining accessible to local amenities. Currently tenanted and offered chain-free, it stands as an attractive proposition for investors seeking long-term returns. Internally, the bungalow features comfortable living spaces including a welcoming lounge, practical kitchen with ample storage, and two well-sized bedrooms complemented by a modern shower room. Notably, a conservatory added in 2021 enhances the living space and provides beautiful views of the garden. The external space is particularly impressive; the large rear garden is predominantly laid to lawn with diverse landscaping elements such as decking and mature trees. Despite its current suitability for tenants, there is significant potential for renovation. Consider enhancing interiors or expanding upon existing outdoor areas to increase both aesthetics and value. Additionally, understanding its non-standard wooden construction can inform future improvements. This property is certainly worthy of consideration for those aiming to capitalize on its inherent potential.

Investment Analysis

(PE33 area)

Below Market Value

This property is priced -6.7% below area average per sq ft

-6.7%
Potential saving
This Property
£248/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£246
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£176,882
10% above area average per sq ft
Potential ROI
+1.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (PE33)

Area prices are rising by +3.8% over the last 12 months
3 year growth: -7.2%
5 year growth: 13.1%
Investment Disclaimer: Analysis based on PE33 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

Basil Road, West Dereham, King's Lynn
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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
£549
Based on a loan of £112,500 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