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See how verdicts work1-bedroom flat · NR19 1LJ
Sold STCListed 231 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SUMMARY GREAT POTENTIAL! A 1 bedroom ground floor flat, offered for sale with no onward chain, and occupying a lovely set back position in Toftwood.
Ideal for first-time buyers or investors, and boasting a lounge, kitchen, shower room, generous garden space & allocated parking. VIEW NOW!!
DESCRIPTION This one-bedroom ground floor flat offers ample potential and is situated in a popular non-estate location, set back from the road and conveniently placed close to a range of local amenities.
The property would benefit from improvement and modernisation, making it an ideal opportunity for first-time buyers, investors, or those looking to put their own stamp on a home.
Accommodation briefly comprises an entrance porch, a lounge, kitchen, inner hallway, double bedroom, and a shower room. The flat further benefits from double glazed windows throughout.
Externally, there is a good-sized front garden, laid mainly to lawn, with additional gutter space to the side and rear. To the rear of the property there is an allocated parking space.
Offered to the market with no onward chain, this property represents a fantastic opportunity in a sought-after location.
The Accommodation Double glazed external entrance door opening to; Entrance Porch Tiled flooring, double glazed window to side and archway to; Lounge 13' 9" x 11' 5" ( 4.19m x 3.48m ) Wood effect flooring, double glazed window to front aspect, door opening to inner hallway and archway to; Kitchen 8' x 5' 11" ( 2.44m x 1.80m ) A range of wall and floor mounted base units with complementary rolled edge work surfaces over, inset stainless steel sink, tiled splashbacks, built-in electric oven, inset electric hob with extractor over, space for fridge freezer, space for washing machine, tiled flooring and double glazed window to side aspect.
Inner Hallway Wood effect flooring, airing cupboard housing hot water tank, built-in storage cupboard, opening to bedroom and door to shower room.
Bedroom 11' 1" x 8' 2" ( 3.38m x 2.49m ) Wood effect flooring and double glazed window to rear aspect.
Shower Room Three piece suite comprising low level w.c, pedestal hand wash basin, tiled splashbacks, walk-in shower cubicle, tiled effect flooring and double glazed obscure glass window to side aspect.
Outside Gated access leads through to the front garden, which features lawn, patio, mature plants and trees.
A bespoke pathway leads to the main entrance and timber fencing partially encloses for privacy. The rear aspect is laid to shingle with access to a timber storage shed.
The property benefits from an allocated off-road parking space to the rear.
Agents Note We understand from the vendor that this property is leasehold; The lease length is 999 years from 1 October 1991.
The current ground rent is £300.00 per annum which includes buildings insurance. Further details of this can be obtained from the vendors solicitor at the time of purchase.
Location Toftwood is a large residential village adjoining the bustling market town of Dereham. Amenities include shops, infant and junior school, public house and sport and leisure activities.
There is a regular bus service to Dereham which is about one and a half miles away.
Dereham town itself boasts further shopping facilities and large supermarkets, many sport and leisure activities including Dereham Leisure Centre, which incorporates a full gymnasium, modern pool and indoor bowls.
There is also a friendly and sociable golf club located off the well regarded Quebec Road.
DIRECTIONS From our William H Brown office, take the first exit at the roundabout onto Market Place, further leading you to Swaffham Road.
Continue straight onto Dereham Road then take the left hand turning onto Draytonhall Lane until you reach the A47 junction. Turn right followed by an immediate left onto Fen Road.
At the junction, turn left and follow the road onto Stone Road. The property will be found further down on the left hand side, identified by our William H Brown 'For Sale' board.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT.
THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS.
NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
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 Stone Road, Dereham
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