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See how verdicts work3-bedroom bungalow · NR20 3NQ
Listing removedReduced £10k (−4.3%) on 18 SepListed 81 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price: £250,000 - £275,000. A fantastic opportunity to create your ideal home, this detached bungalow is packed with potential and offered with no onward chain.
Having been a rental property for many years, it would now benefit from updating, making it an excellent prospect for buyers looking to modernise and add value.
The accommodation includes three bedrooms, a spacious lounge and a kitchen/breakfast room, offering a practical layout with plenty of scope for improvement.
Outside, the property enjoys a private rear garden, providing a pleasant outdoor space to enhance and enjoy.
Further benefits include a garage and driveway, adding valuable storage and off-road parking.
Rarely do opportunities arise to purchase a detached bungalow with such potential, making early viewing highly recommended.
The Location Situated within the popular village of Mattishall, Rayners Way offers a wonderful balance of rural charm and everyday convenience.
Surrounded by attractive Norfolk countryside, the village enjoys a welcoming community atmosphere while providing a range of amenities that make day-to-day life both comfortable and practical.
Mattishall is a well-served village with a variety of local facilities, including a nursery, primary school, village shops, a gym, sports and social club, and a range of community groups and activities.
These amenities, combined with the village's strong sense of community, make it a popular choice for families, professionals and retirees alike.
For those who enjoy the outdoors, the surrounding countryside offers plenty of opportunities for walking, cycling and exploring the area's scenic rural landscapes.
The village setting provides a peaceful environment while still offering easy access to larger towns and services when required. One of Mattishall's key attractions is its excellent connectivity.
The nearby A47 provides straightforward access to Dereham, Norwich and beyond, making the location particularly appealing for commuters.
Dereham offers a wider range of supermarkets, leisure facilities, healthcare services and independent retailers, while Norwich provides an extensive selection of shopping, dining, entertainment and cultural attractions.
Rayners Way, Mattishall Occupying a generous plot and offered with no onward chain, this three-bedroom detached bungalow presents an excellent opportunity for buyers looking to put their own stamp on a property.
Having been rented for many years, the home would now benefit from a programme of updating and modernisation, providing the perfect blank canvas for those seeking a project with plenty of potential.
The accommodation is well proportioned throughout and offers a practical layout suited to a range of buyers.
At the heart of the home is a spacious lounge, providing ample room for both seating and entertaining.
Filled with natural light, it offers a comfortable living space with scope to be transformed into a stylish and welcoming focal point of the property.
The kitchen/breakfast room provides a functional space for everyday living and offers excellent potential for improvement.
With room for dining and a layout that lends itself well to modernisation, it presents an exciting opportunity to create a kitchen tailored to individual tastes and requirements.
The bungalow benefits from three bedrooms, providing flexible accommodation for families, couples, downsizers or those requiring space to work from home.
A shower room serves the property and completes the internal accommodation.
Outside, the property enjoys a private rear garden, offering a pleasant outdoor space with plenty of potential for landscaping and enhancement.
Whether used for gardening, entertaining or simply relaxing, the garden provides a valuable extension of the living accommodation.
Further benefits include a garage and driveway, providing useful storage and off-road parking.
Properties of this nature, offering such clear potential in a desirable detached setting, are increasingly hard to find.
Requiring improvement but offering an excellent opportunity to add value and create a home to suit individual needs, this detached bungalow is sure to attract interest from a variety of buyers looking to unlock its full potential.
Agent’s Note This property will be sold freehold and connected to oil-fired heating, mains water, electricity and drainage. Images have been virtually staged for illustrative purposes only.
Furniture and décor shown are not included in the sale. Buyers are advised to view the property in person to fully appreciate its size, layout and current condition.
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.
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FAQ
About 13 Rayners Way, Dereham
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