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 flat · NR19 1GF
Listing removedReduced £15k (−10.7%) on 21 JunListed 232 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ground Floor Flat in Dereham – Perfectly Located with Modern Comforts An excellent opportunity for first-time buyers or investors, this two-bedroom ground floor flat is offered with a guide price of £140,000 - £150,000 and boasts a fantastic location within walking distance of Dereham town centre.
The property features a bright and inviting open-plan kitchen and lounge area, providing a versatile space for daily living and entertaining.
Both bedrooms offer comfortable accommodation, complemented by a well-appointed modern shower room.
Recent upgrades include a new combi-boiler installed in 2023 and the added luxury of underfloor heating, ensuring a warm and energy-efficient home throughout the year.
The convenience of allocated off-road parking is also a significant benefit. With its prime location, residents will appreciate easy access to Dereham’s shops, amenities, and public transport links.
This flat is perfectly positioned for those seeking convenience and contemporary living. Arrange a viewing today to experience what this property has to offer.
Disclaimer:- In accordance with current enhanced Anti-Money Laundering Regulations, all successful purchasers will be required to undergo identification and verification checks.
A non-refundable fee of £15 + VAT per check will be payable.
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
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FAQ
About 1, Erwin Court, Dereham
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