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Watersfield Way, Dereham NR19 - Image 1
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Watersfield Way, Dereham NR19

East of England

£290,000
Listed on 18/03/2026

Property Details

Bedrooms
3
Type
Detached
Area
1186 sqft

Description

This three-bedroom home on Watersfield Way offers a fantastic opportunity for those looking to invest in a property with considerable renovation potential in the desirable Toftwood area of Dereham. Upon entering, you'll find a welcoming hallway leading to a practical WC/utility room, setting the tone for family-friendly living. The spacious sitting room is bright and inviting, featuring patio doors that connect effortlessly to the rear garden, allowing for ample natural light and creating an ideal space for entertaining or relaxation. The kitchen, while functional with good storage options, presents excellent scope for modern updates to increase its appeal. It flows directly into a dining area bathed in natural light thanks to a large glazed window overlooking the garden. Upstairs, there are three well-proportioned bedrooms alongside a modern four-piece bathroom that already boasts contemporary fittings. Outside, the property features off-road parking via a driveway and a garage accessible from both ends, perfect for additional storage needs or as a workshop. The enclosed rear garden is versatile with areas of turf and patio—a blank canvas waiting for personal touches or landscaping improvements. This home stands out due to its combination of charm and practicality while being situated in a sought-after community with convenient access to local amenities and schools. With thoughtful renovations, this property could become an even more desirable family home.

Investment Analysis

(NR19 area)

Below Market Value

This property is priced -7.2% below area average per sq ft

-7.2%
Potential saving
This Property
£245/sq ft
Area Average
£263/sq ft
Avg Rent (weekly)
£191
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£343,697
10% above area average per sq ft
Potential ROI
+5.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
52%
Properties sold annually

Local Market Trend (NR19)

Area prices are rising by +3.0% over the last 12 months
3 year growth: -8.2%
5 year growth: +6.8%
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

Watersfield Way, Dereham NR19
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,046
Based on a loan of £217,500 over 30 years at 4.06% 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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