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Norwich Street, Dereham

East of England

£400,000

Listed on 24/09/2026

The listing

Property details

Bedrooms
3
Type
House

Description

AbbotFox presents a unique mixed-use opportunity located in the vibrant market town of Dereham. This property combines commercial, residential, and development potential, making it an attractive prospect for investors. The residential section features a private entrance leading to a spacious ground floor that includes an entrance hall, cloakroom, and a kitchen diner. Access to the cellar is also available, along with stairs leading to the first floor, which hosts a generous lounge, three bedrooms, and a bathroom off the landing. The commercial space boasts an impressive frontage that ensures high visibility for any business, with a layout that includes two substantial reception areas, a rear lobby, kitchenette/office area, store room, and WC. At the rear of the property, there is a sizable two-storey building currently used as a store room and two garages, offering significant scope for development into residential accommodation, subject to planning permission. This property is a rare find, providing various uses and potential income streams in a town that has demonstrated considerable growth. It represents an exceptional investment opportunity not to be overlooked.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

53out of 100
Grade DWeak opportunity

Confidence: LOW

This property presents a unique mixed-use opportunity in the heart of Dereham, a growing market town. While it requires refurbishment to maximize its potential, the basics are functional, and the overall condition is average, with general wear noted throughout. The living areas, bedrooms, kitchen, and bathroom are all usable but dated, allowing for creative improvements that could significantly enhance the property's appeal.

The absence of a calculated floor area means we cannot assess the value against local £/sqf yet, but the asking price of £400,000 positions it as an intriguing prospect for investors looking to capture a property with commercial and residential potential. With a renovation budget of £40,000 to £80,000, there is ample opportunity to elevate this space into something special, particularly given the mixed-use aspect and the potential for multiple income streams.

Key opportunities

  • Mixed-use potential for residential and commercial income streams
  • Scope for development at the rear of the property into residential accommodation (STPP)
  • Abundant space with a functional layout that allows for various improvements

Key risks

  • General wear noted across various rooms may require attention, particularly in the kitchen and bathroom
  • Medium-scale project requiring renovation budget of £40,000 to £80,000

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Map

Location

Norwich Street, Dereham
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,511
Based on a loan of £300,000 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.

Tax

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Indicative tax based on the asking price and the options you select.

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