We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom bungalow · NR19 2NS
Listing removedListed 52 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £500,000 - £550,000. Completed in 2023, Mulberry is a modern, detached bungalow set in an approximate quarter acre plot (stms) in the well-served Norfolk village of Scarning.
Designed with contemporary living in mind, the property offers a practical layout, energy-efficiency and generous outdoor space.
At the heart of the home is a spacious open-plan kitchen, dining and living area, positioned to take full advantage of the garden outlook.
This central living space provides flexibility for both day-to-day living and entertaining, with direct access to the outside creating a natural connection between indoor and outdoor areas.
The overall design focuses on simplicity, light and usability rather than formality. The three double bedrooms include a principal bedroom with fitted wardrobes and its own en-suite.
A separate family bathroom and additional WC provide convenience for both residents and guests, supporting a practical and comfortable lifestyle.
Energy efficiency is a key feature, with underfloor heating throughout powered by an air source heat pump.
This modern system not only enhances comfort but also contributes to lower running costs and improved environmental performance.
The property also benefits from the remainder of its structural warranty, offering reassurance for future ownership.
Externally, the plot extends to approximately a quarter of an acre (stms), providing ample space for gardening, outdoor entertaining or potential further landscaping.
A triple garage and extensive off-road parking add significant practicality, ideal for storage, workshop space or multiple vehicle capacity.
Positioned for convenience, there’s easy access to the A47, connecting to Norwich, King’s Lynn and beyond, while Dereham town centre is just a short distance away.
Mulberry represents a modern, efficient and well-located home with space, flexibility and long-term appeal.
Dereham Nestled in the Brecklands, Dereham is a classic country market town with Georgian architecture and more recent developments.
In the eighth century, Anna, King of East Anglia’s youngest daughter, founded a nunnery and prayed for a miracle during a famine. Two deer appeared daily, providing milk.
When a huntsman tried to capture them, he was killed after being thrown from his horse, believed to be divine retribution.
This event is depicted on a town sign at the entry to Butter Market from the High Street.
Today, Dereham boasts a twice-weekly market on Tuesdays and Fridays, numerous independent shops, and free parking, making it a great spot for an afternoon browse.
Notable landmarks include the Mid-Norfolk Railway, running 1950s railcars to Wymondham Abbey, the Grade II listed Dereham Windmill, and Bishop Bonner’s Cottage, the oldest building in town, established in 1502.
Nearby attractions for heritage enthusiasts include Gressenhall Farm and Workhouse, Castle Acre Castle and Priory, and the National Trust property Oxburgh Hall, all within a short drive.
For dining, try Spice Fusion curry house or The George Hotel, Bar and Restaurant, known for its excellent accommodation, food, and award-winning drinks.
Brisley, 6.5 miles away, hosts The Brisley Bell, a highly acclaimed pub, while The Old Dairy in Stanfield offers artisan bread and produce.
With good local schools, a leisure centre, and a golf course, Dereham and its surrounding villages provide an ideal blend of Norfolk country living with easy access to Norwich and the coast at Wells-next-the-Sea, just 22 miles away.
Discover this Norfolk gem. Services connected Mains electricity and water. Drainage to treatment plant. Heating via air source heat pump. Council tax Band E. Energy efficiency rating B.
Ref: To retrieve the Energy Performance Certificate for this property please visit and enter in the reference number above. Alternatively, the full certificate can be obtained through Sowerbys.
Tenure Freehold.
Location What3words: ///steroids.mysteries.predict website tags village-spirit bloom-blossom fresh-visions EPC Rating: B Parking - Garage Parking - Driveway Disclaimer These particulars are provided as a guide only and do not form part of any offer or contract.
Sowerbys and its representatives have no authority to make or give representations or warranties.
All descriptions, measurements, photographs and plans are for guidance only and should not be relied upon as statements of fact.
Buyers should satisfy themselves as to the accuracy of the information through inspection or professional advice.
Services, appliances and equipment have not been tested and no warranty can be given as to their condition.
Planning permissions, building regulations and other consents should be verified by the buyer’s legal adviser.
In accordance with Anti-Money Laundering regulations, proceeding buyers must complete a digital id check through our compliance partner. A charge of £48 including VAT per sale or purchase applies.
Leasehold buyers should confirm ground rent, service charges and lease details with their legal adviser.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
.png)
FAQ
About Mulberry Podmore Lane, Dereham
Explore nearby