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 work2-bedroom bungalow · NR19 1TB
For saleReduced £10k (−5.3%) on 21 OctListed 12 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Stylishly renovated and ready to move straight into, this immaculate bungalow offers effortless single-storey living in a convenient Dereham setting.
Recently upgraded throughout, the property combines modern finishes with a practical and easy-to-maintain layout.
A bright and welcoming lounge is complemented by a contemporary fitted kitchen and shower room, creating a home that requires little more than unpacking.
Two bedrooms provide flexibility for a variety of lifestyles, whether for owner-occupiers or investors.
Further benefits include new double glazing and doors, two allocated parking spaces, and excellent access to Dereham town centre, local bus routes and the A47.
The Location Conveniently positioned in a well-established residential area of Dereham, this property enjoys easy access to both the town centre and a wide range of everyday amenities.
Within walking distance or a short drive, residents can take advantage of supermarkets, convenience stores, cafés, public houses and other essential services, making day-to-day living both practical and convenient.
Dereham itself is a thriving market town offering an excellent selection of independent retailers alongside well-known high street brands.
The town provides a wealth of facilities, including pharmacies, gp surgeries, dental practices, a cinema, bowling alley and leisure centre, catering to a variety of lifestyles and age groups.
A popular weekly market and regular community events further contribute to the town's welcoming atmosphere.
Families are particularly well served, with a choice of primary and secondary schools nearby, while those seeking outdoor recreation can enjoy the surrounding Norfolk countryside, local parks, walking routes and green spaces.
Golf courses, fishing opportunities and numerous villages to explore are also within easy reach of the town.
For commuters, the location benefits from excellent transport connections, with straightforward access to the A47 linking Norwich, King's Lynn and the wider region.
Combining the convenience of town-centre amenities with a quieter residential setting, this location continues to prove popular with first-time buyers, families, downsizers and investors alike.
Recreation Road, Dereham Beautifully renovated and ready to enjoy from day one, this attractive mid-terrace bungalow presents an excellent opportunity for those seeking low-maintenance, single-storey living in a convenient and well-connected part of Dereham.
With recent improvements throughout, including a newly fitted kitchen, contemporary interiors and upgraded double glazing and doors, the property is perfectly suited to buyers wanting a home they can move straight into without the need for further work.
The accommodation is well arranged and offers a bright, welcoming atmosphere from the moment you step inside.
The spacious lounge provides an inviting everyday living space, with ample room for both seating and dining furniture if desired.
Natural light pours in through the front-facing window, while the neutral décor creates a modern and versatile backdrop that will complement a wide range of interior styles.
Positioned off the hallway, the newly installed kitchen has been thoughtfully fitted with a range of modern units and work surfaces, creating a practical space for day-to-day cooking.
A door provides direct access outside, adding convenience and functionality, while the fresh finish allows the next owner to enjoy a brand-new kitchen environment from the outset.
The property offers two bedrooms, including a generous double bedroom and a versatile second room that could equally serve as a guest bedroom, home office, dressing room or hobby space depending on individual requirements.
The shower room has been fitted in a contemporary style and complements the home's overall modern presentation.
Further benefits include new double glazing and doors, improved insulation, electric central heating and an easy-to-maintain layout designed for comfortable everyday living.
Externally, the property enjoys the advantage of two allocated parking spaces, a valuable feature in such a convenient location. Agent’s Note This property will be sold freehold.
Connected to mains water, electricity and drainage. Ai Staging Disclaimer: Images may have been virtually staged or digitally enhanced using ai for illustrative purposes only.
Furniture, décor and finishes shown may not be present at the property, and buyers should rely on physical viewings and property particulars.
EPC Rating: D Disclaimer Minors and Brady (M&B) along with their representatives, are not authorised to provide assurances about the property, whether on their own behalf or on behalf of their client.
We don’t take responsibility for any statements made in these particulars, which don’t constitute part of any offer or contract.
To comply with aml regulations, £52 is charged to each buyer which covers the cost of the digital id check.
It’s recommended to verify leasehold charges provided by the seller through legal representation.
All mentioned areas, measurements, and distances are approximate, and the information, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively.
It shouldn’t be assumed that the property has all necessary planning, building regulations, or other consents.
Services, equipment, and facilities haven’t been tested by M&B, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.
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
FAQ
About 16 Recreation Road, Dereham
Explore nearby