Dereham

Area Guide For Dereham

Dereham, otherwise called East Dereham, is a town and common ward in the English district of Norfolk. It is arranged on the A47 Street, in the range of 15 miles west of the city of Norwich and 25 miles east of King's Lynn. The common ward has a region of 21.51 km2 and in the 2001 statistics had a populace of 15,659 in 6,941 families. For the reasons of nearby government, Dereham falls inside, and is the core of organization for, the area of Breckland.[The town ought not be mistaken for the Norfolk town of West Dereham, which lies around 25 miles away.

 
 

Dereham Map

Estimated Price: £219,497
Average Asking Price: £293,558
Price change in last one year: £10,952
Average Price Paid: £184,088
Average Rent Rates: £857

 
 

Property Prices Breakdown in Dereham

Average Price for property in Dereham is around £219,497 which varies based on type of property you are interested in and ranges from £284,479 for detached house to around £177,824 for semi-detached. Similarly terraced house is around £143,725 and a flat is worth £105,901. Values have been changing and have risen £340 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,193 in last 6 months, £10,952 in last 1 year, £17,674 in last 2 years, £17,409 in last 3 years, £17,733 in last 4 years and £22,640 in last 5 years.

Currently average asking price of a property in Dereham is around £293,558 based on approximately 577 properties for sale. Same is the case with rental options based on 53 properties up for rent, average asking rent is around £857 per month.

Estimated property value in Dereham is £219,497. Average asking price is £293,558 while average price paid is £188,163 which is up by £10,952 and Avg. asking rent £857.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Dereham area. In last 1 year alone average price buyer paid is around £188,163 based on approximately 577 sales in Dereham area alone. If you compare it to last 3 years sales of 1,813 properties where buyers paid around £182,375. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £184,088 for 2,909 and average amount paid for purchase of approx. 3,870 properties sold in last 7 years comes to about £182,158 per sale.

 
 

Properties For Sale in Dereham

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £128,390, £150,174 for a 2 bedroom house, £221,596 for a 3 bedroom house, £343,319 for a 4 bedroom house and £400,955 for a 5 bedroom house. For a flat similarly the prices varies from £85,989 for a single bedroom to £95,140 for a 2 bedroom Flat. To sum up the asking prices for properties in Dereham it comes to around average £107,190 for 1 bedroom property, £139,383 for 2 bedroom, £221,596 for 3 bedroom, £343,319 for 4 bedroom and £400,955 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £433 for 1 bedroom to £583 for 2 bedrooms, £670 for 3 bedrooms, £1,071 for 4 bedrooms and £1,697 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £434. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £560. You should be generally be expecting around average £434 rent per month for single bedroom property, £573 for 2 bedroom, £670 for 3 bedroom, £1,071 for 4 bedroom and approximately £1,697 for a 5 bedroom property in Dereham area.

Popular Houses in Dereham

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in Dereham

Browse by Streets in Dereham

Browse by Outcodes in Dereham