2-bedroom bungalow · NR20 4RX
For saleListed 81 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set within an Orchard surrounded by beautifully secluded wooded grounds, this two bedroom detached bungalow represents a genuinely rare and exciting opportunity for buyers seeking both immediate comfort and future potential.
Occupying a generous plot of approximately 0.6 of an acre (subject to measured survey), the property enjoys a peaceful, private setting that feels worlds away from the everyday, yet remains highly practical for modern living.
Subject to planning, the potential here is endless! The possibilities of extending and linking the properties are there to turn this into your dream home.
Originally non-standard construction built, the bungalow offers a unique character that sets it apart from conventional homes.
It has been thoughtfully maintained and well-presented throughout, allowing prospective purchasers to move straight in whilst also exploring the considerable scope for enhancement.
Crucially, the property benefits from granted planning permission to extend, opening the door to a wide range of possibilities - whether that be expanding the existing footprint, creating additional bedrooms, or designing a bespoke layout tailored to individual needs.
The bungalow also benefits from 14 Solar Panels to save you money on those monthly bills. Internally, the home is both inviting and versatile, benefitting from air conditioning throughout.
At its heart lies an impressive open-plan kitchen, dining, and living space measuring approximately 20’ x 19’11 with the added benefit of a wood burner.
This expansive area is perfectly suited for modern lifestyles, offering a sociable environment ideal for entertaining guests or simply enjoying everyday family life.
Natural light flows freely through the space, enhancing the sense of openness and connection to the surrounding grounds.
The master bedroom is particularly noteworthy, featuring a dedicated dressing room that adds a touch of luxury and practicality.
There is also a newly fitted en-suite bathroom, further elevating the accommodation. A second bedroom provides flexibility for guests, family members, or alternative uses.
Complementing the living space is a separate study, ideal for home working or creative pursuits, as well as a well-appointed shower room. Externally, the property continues to impress.
The grounds themselves offer a tranquil, woodland backdrop with ample space for gardening, recreation or further landscaping ambitions.
In addition, there is a substantial 42’1 outbuilding with air conditioning, presenting a wealth of possibilities - whether as a workshop, studio, storage facility, or even conversion subject to the necessary consents.
Altogether, this is a truly special home that combines charm, privacy, and future potential in equal measure.
Opportunities of this nature are rarely available, particularly with planning permission already in place, making this an exceptional prospect for those looking to create something truly bespoke in a highly desirable setting.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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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 Pigmans House, Reepham Road, Dereham
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