Dereham Property Market Overview
Mid-Norfolk market town with affordable values and growing residential demand
The Dereham property market recorded 430 residential sales over the past 12 months, with a median sale price of £265,000. This places Dereham £3k above the Norfolk county median of £262,000, and £20k below the UK national median of £285,000.
Prices in Dereham have shown broadly stable, with a year-on-year change of -0.9%. Within Norfolk, Dereham ranks 3rd by price out of 8 principal towns, and 7th by transaction volume.
Dereham House Prices by Property Type
Property prices in Dereham vary significantly by type. The table below compares Dereham prices with Norfolk county averages and UK national figures.
| Type | Dereham | Norfolk Avg | UK Avg |
|---|---|---|---|
| Detached | £347,000 | £343,500 | £420,000 |
| Semi-detached | £235,000 | £245,000 | £265,000 |
| Terraced | £185,000 | £197,250 | £230,000 |
| Flat | £112,500 | £121,000 | £225,000 |
Detached homes in Dereham command £347,000, while flat properties are most accessible at £112,500. The £235k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.
Median Price by Property Type
New Build Homes in Dereham
Dereham recorded 15 new-build transactions in the past 12 months, representing 3.5% of total sales. There is moderate development activity, with room for further growth.
New-build properties in Dereham traded at a premium of 58.9% versus existing stock. This premium supports the viability of new development, as buyers are willing to pay more for new homes.
Across the wider Norfolk market, 168 new-build completions were recorded — see our Norfolk property market report for the full county picture.
Recent Property Sales in Dereham
The following table shows the most recent property transactions recorded in Dereham, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £355,000 | Detached | NR20 4QT | 2026-02-24 | Existing |
| £270,000 | Detached | NR19 1PY | 2026-02-19 | Existing |
| £200,000 | Semi-detached | NR19 2DD | 2026-02-19 | Existing |
| £120,000 | Terraced | NR19 2BS | 2026-02-18 | Existing |
| £180,000 | Terraced | NR19 2UW | 2026-02-17 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £120,000 to £355,000 illustrates the breadth of the Dereham market.
Development Finance in Dereham
For developers considering Dereham, the local market data translates directly into finance structuring. With a median value of £265,000 and detached homes at £347,000, lenders can assess scheme viability with confidence.
A typical development finance facility for a Dereham scheme with a GDV of £347,000 would attract senior debt of approximately £225,550 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.
While prices have softened 0.9% year-on-year, experienced developers can still generate strong returns in Dereham by targeting well-located sites with clear demand drivers.
Ready to develop in Dereham? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
Dereham Compared to Nearby Norfolk Towns
To put Dereham's market in context, the table below compares it with similarly-priced towns across Norfolk:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| Dereham | £265,000 | 430 | -0.9% |
| Attleborough | £264,000 | 228 | -12% |
| King's Lynn | £260,000 | 1,674 | -1.9% |
| Cromer | £290,000 | 1,187 | -3.3% |
| Wymondham | £292,500 | 1,614 | -2.5% |
| Thetford | £235,000 | 522 | -4.1% |
For the full Norfolk town-by-town breakdown, see our comprehensive Norfolk property market report.
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5 min readFrequently Asked Questions
What is the average house price in Dereham?
The median house price in Dereham is £265,000, based on 430 transactions over the past 12 months. Detached homes average £347,000 while flat properties average £112,500.
Are house prices rising or falling in Dereham?
House prices in Dereham are falling at -0.9% year-on-year. This decline may present buying opportunities for investors and developers. The wider Norfolk market is falling at -3.7%.
How many properties sold in Dereham recently?
Dereham recorded 430 residential property sales in the past 12 months. This represents a reasonably active market.
What development finance is available for projects in Dereham?
Developers in Dereham can access development finance from 6.5% p.a. at 65-70% LTGDV, mezzanine finance stretching to 85-90% of costs, bridging loans completing in 5-10 days, and development exit finance. Construction Capital sources the best terms from 100+ lenders.