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Wensum Drive, North Elmham

East of England

£239,950

Listed on 02/06/2026

Property Details

Bedrooms
2
Type
Detached
Area
782 sqft

Description

Nestled in a tranquil and established neighborhood, this detached bungalow presents an inviting opportunity for investors and homeowners alike to customize their living space. With spacious single-storey accommodation, the property is ready for a new owner to enhance its charm and functionality according to personal preferences. Featuring attractive front and rear gardens, along with a driveway and garage for off-road parking, the groundwork is laid for a comfortable yet adaptable home. While the property has been well-maintained, it holds considerable potential for modernization that can be achieved over time. The practical layout includes two generously sized bedrooms ideal for various uses such as guest rooms, office spaces, or additional living areas. The inviting entry via a porch leads into a functional kitchen equipped with ample storage and workspace—ideal for reconfiguration projects if desired. Flowing seamlessly from the kitchen is a bright living room at the rear of the house, boasting sliding doors that open onto the garden, providing natural light and beautiful views of outdoor space. The sizable garden is primarily laid to lawn but offers plenty of scope for landscaping or creating outdoor entertainment zones. Set within easy reach of Dereham’s town center with convenient access to essential amenities, leisure facilities, and green spaces along the River Wensum, this property combines comfort with practicality. The nearby A47 road ensures excellent connections to Norwich and King’s Lynn, enhancing its appeal as a commuter-friendly location. This bungalow represents a unique chance for those looking to invest in properties with renovation potential in a serene setting.

Investment Analysis

(NR20 area)

Above Market Value

This property is priced +7.3% above area average per sq ft

+7.3%
This Property
£307/sq ft
Area Average
£286/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£245,888
10% above area average per sq ft
Potential ROI
-8.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (NR20)

Area prices are stable by +0.7% over the last 12 months
3 year growth: +1.6%
5 year growth: +7.1%
Investment Disclaimer: Analysis based on NR20 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

Wensum Drive, North Elmham
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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
£907
Based on a loan of £179,962 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

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