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Characterful Georgian Property in Dereham - Image 1
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Characterful Georgian Property in Dereham

East of England

£550,000
Listed on 19/03/2026

Property Details

Bedrooms
5
Type
Detached
Area
2777 sqft

Description

This charming Georgian property is presented without any onward chain and offers an excellent opportunity for renovation within a sought-after location near Dereham town centre. Retaining many original features, this residence reflects classic elegance with high ceilings and red brick façades that speak to its historical charm. The ground floor comprises a variety of flexible living spaces, including a welcoming entrance hall, spacious lounge, drawing room, dining room, and a kitchen/breakfast room featuring an Aga. A garden room enhances the living area, while practical additions like a utility/boot room and downstairs shower room provide convenience. Upstairs, the layout accommodates five bedrooms—four generous doubles—with the principal suite benefiting from an en-suite shower room. The property is set on substantial grounds with well-maintained gardens accessed via a double gravel driveway that ensures privacy. Additional features include double gates leading to further access points and a coach house that holds potential for conversion into an annexe or home office upon obtaining relevant consents. Nestled in Dereham, known for its rich history dating back to the eighth century, this property is surrounded by amenities such as local markets, shops, and leisure facilities. Historical landmarks are easily accessible nearby, enhancing both lifestyle options and investment potential. This residence presents significant scope for modernisation while maintaining its character—ideal for investors or buyers looking to create their dream home.

Investment Analysis

(NR19 area)

Below Market Value

This property is priced -24.8% below area average per sq ft

-24.8%
Potential saving
This Property
£198/sq ft
Area Average
£263/sq ft
Avg Rent (weekly)
£191
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £80,000
Target Value
£804,761
10% above area average per sq ft
Potential ROI
+27.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
52%
Properties sold annually

Local Market Trend (NR19)

Area prices are rising by +3.0% over the last 12 months
3 year growth: -8.2%
5 year growth: +6.8%
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

Characterful Georgian Property in 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
£1,984
Based on a loan of £412,500 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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