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Dereham Road, Watton IP25 - Image 1
Dereham Road, Watton IP25 - Image 2
Dereham Road, Watton IP25 - Image 3

Dereham Road, Watton IP25

East of England

£350,000
Listed on 14/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2002 sqft

Description

This spacious detached property is located on a generous plot in the market town of Watton, Norfolk. Situated in a desirable non-estate area just a short stroll from the town centre, the home provides significant renovation and investment opportunities for those looking to personalize their living space. Featuring a welcoming entrance hall with utility and WC, the adaptable layout includes a large sitting room with an attractive traditional fireplace and a bright conservatory that offers uninterrupted views of the expansive garden. The kitchen/breakfast room is equipped with integrated appliances and has potential for modernization, while a dedicated dining room can serve various functions depending on your lifestyle needs. The first floor accommodates four good-sized bedrooms with built-in storage, complemented by an en-suite shower room in the master bedroom and a family bathroom featuring a corner bath. Outside, the large private garden boasts established planting, mature trees, and multiple outbuildings including a summerhouse and greenhouse—ideal for gardening enthusiasts or simply enhancing outdoor living. With ample parking available thanks to a vast driveway and double garage, this property offers flexibility to modernize interiors or expand on the existing footprint (subject to planning permission), making it well-suited for families or investors seeking to tailor it to their vision.

Investment Analysis

(IP25 area)

Below Market Value

This property is priced -33.9% below area average per sq ft

-33.9%
Potential saving
This Property
£175/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£235
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£582,702
10% above area average per sq ft
Potential ROI
+47.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (IP25)

Area prices are falling by +8.5% over the last 12 months
3 year growth: -7.2%
5 year growth: 11.2%
Investment Disclaimer: Analysis based on IP25 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

Dereham Road, Watton IP25
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,282
Based on a loan of £262,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE