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Watersfield Way, Dereham

East of England

£325,000
Listed on 21/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1186 sqft

Description

Nestled in the desirable Toftwood area of Dereham, this three-bedroom residence presents an excellent opportunity for renovation and investment. Upon entry, you are welcomed by a hallway that leads to a practical WC/utility room, enhancing the functionality for family living. The spacious sitting room boasts ample natural light with patio doors that provide direct access to the rear garden, creating potential for seamless indoor-outdoor living. The kitchen, while currently functional, holds significant promise for modernisation, making it a blank canvas for those looking to upgrade their culinary space. This connects to a bright dining room, enriched by large windows that overlook the garden. On the upper floor, the property offers three well-sized bedrooms alongside a modern four-piece bathroom suite—ideal for families seeking comfort and convenience. Externally, the home includes a driveway and a versatile garage with entrances at both ends, suitable as extra storage or workshop space. The garden is a notable feature; enclosed for privacy yet sizable enough for various outdoor activities or landscaping creativity. This property stands out not only due to its livable charm but also due to its potential to transform into a contemporary family home through thoughtful renovations. It is ideally located within proximity to local amenities including schools and shops, making it suitable for those looking to invest in a long-term family residence in an attractive community.

Investment Analysis

(NR19 area)

Above Market Value

This property is priced +4.0% above area average per sq ft

+4.0%
This Property
£274/sq ft
Area Average
£263/sq ft
Avg Rent (weekly)
£217
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£343,697
10% above area average per sq ft
Potential ROI
-4.5%
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

Watersfield Way, 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
£1,172
Based on a loan of £243,750 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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