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59 Theatre Street, Dereham, Norfolk, NR19 2ER

East of England

£150,000
Listed on 22/04/2026

Property Details

Bedrooms
4
Type
Detached
Area
521 sqft

Description

This four-bedroom detached house, reflecting older architectural styles, presents a significant opportunity for renovation and improvement. The property is in need of extensive updating, offering investors the chance to modernize and restore its potential. Externally, both the front garden and shared driveway require considerable attention, while the long rear garden also shows signs of neglect. Additionally, there are garage and storage sheds on the premises which could either be refurbished or repurposed. Positioned conveniently near the town centre with access to various amenities, this home could be transformed into a desirable residence with strategic investment.

Investment Analysis

(NR19 area)

Above Market Value

This property is priced +10.1% above area average per sq ft

+10.1%
This Property
£288/sq ft
Area Average
£262/sq ft
Avg Rent (weekly)
£189
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£149,894
10% above area average per sq ft
Potential ROI
-34.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NR19)

Area prices are stable by -0.4% over the last 12 months
3 year growth: -9.4%
5 year growth: +6.6%
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

59 Theatre Street, Dereham, Norfolk, NR19 2ER
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£531
Based on a loan of £112,500 over 30 years at 3.91% 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

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