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See how verdicts work2-bedroom flat · NR19 1SN
Sold STCListed 181 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £100,000 - £110,000. Set within a popular and well-established location, this ground floor flat presents an excellent opportunity for buyers looking to put their own stamp on a home.
Offered with no onward chain, the property is ideal for first-time buyers, investors, or those seeking a renovation project.
The accommodation begins with an entrance hallway featuring a useful storage cupboard, leading through to a spacious living room that offers natural light.
The kitchen is of a good size, providing ample scope for modernisation and redesign to suit individual tastes.
The property further comprises two well-proportioned bedrooms and a bathroom, all of which would benefit from updating, allowing the new owner to create a space tailored to their needs.
Externally, the flat boasts a rear garden, offering outdoor space with great potential for landscaping or entertaining.
Requiring renovation throughout, this property represents a fantastic opportunity to add value and create a personalised home in a sought-after area. N.B.
Due to the nature of this sale, the information we have on the property is limited. Services Electric storage heaters. Mains electricity, water and drainage connected.
Leasehold Information: Years remaining: Approx. 71 years Annual Service Charge: £TBC Ground Rent: £10 For room measurements please click on the floor plan option.
Situation Toftwood is a residential district of Dereham situated approximately half a mile from the thriving town centre, to which there is a half hourly bus service.
The property is also within walking distance to Toftwood Primary and Infant school.
Dereham itself is a well-served Breckland market town and offers a great mixture of excellent independent shops, national retailers, cafes and restaurants.
Dereham has a good selection of primary and secondary education, and the North Norfolk coast is also within a 40 minute drive.
Directions To find the property leave Dereham Market Place on Church Street and follow the road round onto St Withburga Lane.
Continue onto Littlefields and then onto Mary Unwind Road, when at the junction take the right hand turning onto Baxter Row.
Proceed onto Southend, followed by South Green, and at the junction take the right hand turning.
Proceed into Toftwood and take the right turning onto Middlemarch Road, followed by the left turning onto George Elliot Way, and then right onto Watersfield Way.
Take the second left turning into Canons Close where the property will be found at the end of the road on the right hand side.
For further information and to arrange your viewing, please contact our friendly and professional team.
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 Canons Close, Dereham
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