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Watersfield Way, Dereham

East of England

£280,000Guide Price

Listed on 11/07/2026

Property details

Bedrooms
3
Type
Detached
Area
1186 sqft

Description

Nestled in the desirable Toftwood area of Dereham, this three-bedroom home offers a great balance of space and potential for enhancement. The property greets you with a welcoming hallway that leads to a practical WC/utility room, perfect for busy family life. The spacious sitting room boasts natural light from both patio doors and a front window, creating an inviting atmosphere for relaxation or entertainment. The kitchen stands out with its ample storage and is ripe for modernization, connecting seamlessly to a dining area flooded with light from the garden views. Upstairs, you'll find three well-sized bedrooms along with a modern four-piece bathroom suite that adds convenience to daily routines. Outside, the property features a driveway and garage providing handy off-road parking and extra storage solutions. The rear garden is fully enclosed, combining areas of turf and patio that allow for low-maintenance enjoyment while remaining versatile for various outdoor activities. This home presents an exciting opportunity for families or investors looking to customize their living space in an established community rich in local amenities, schools, and transport links. With its prime location and structural integrity, this property is poised to be transformed into a contemporary family residence.

Investment analysis

(NR19 area)

Below Market Value

This property is priced -8.9% below area average per sq ft

-8.9%
Potential saving
This Property
£236/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£192
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£338,152
10% above area average per sq ft
Potential ROI
+10.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NR19)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -7.6%
5 year growth: +6.2%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,058
Based on a loan of £210,000 over 30 years at 4.45% 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

-13.8% since listed
£280,000£10,000(-3.4%)
30/03/2026
Current price
£290,000£10,000(-3.3%)
18/03/2026
£300,000£25,000(-7.7%)
04/03/2026
£325,000Initial listing
20/02/2026

Next Steps

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