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59 Theatre Street, Dereham, Norfolk, NR19 2ER

East of England

£100,000

Listed on 10/06/2026

Property Details

Bedrooms
4
Type
Detached
Area
521 sqft

Description

This older-style detached property features four bedrooms and presents an excellent opportunity for those looking to invest in a renovation project. While the house currently requires significant updates and improvements, its spacious layout and potential for enhancement make it a compelling choice for buyers seeking to add value. The front garden needs care, and access via a shared driveway leads to a lengthy rear garden that also awaits attention. Additional storage is provided by a garage and several sheds situated on the property. Its proximity to the town center ensures easy access to various amenities, making it an attractive location for families or future tenants.

Investment Analysis

(NR19 area)

Below Market Value

This property is priced -26.1% below area average per sq ft

-26.1%
Potential saving
This Property
£192/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£204
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£148,891
10% above area average per sq ft
Potential ROI
-17.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NR19)

Area prices are rising by +2.6% over the last 12 months
3 year growth: -8.5%
5 year growth: +7.7%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£378
Based on a loan of £75,000 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

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