This £350k period home could be as much as £1m in London, says agent

Pretty brick period terrace off Commercial Road, Dereham, which is for sale for offers over £350,000

This four-storey period terrace in Dereham, Norfolk, is on the market for offers in excess of £350,000 - Credit: Minors & Brady

A period terrace has come up for sale in Dereham, Norfolk, for offers in excess of £350,000 - but according to estate agent Jamie Minors, the same home would fetch over £1m in London.

Posting on Instagram as @jamieminors_realestateagent, the director of Minors & Brady said: "This fabulous, four-storey period home comes to market with all the charm you’d expect from a home of this age.

"A property like this in London would be comfortably north of £1m, yet in Dereham with all of its amenities, it is available for only OIEO £350,000."

Mr Minors' comment comes at a time when property prices - and the cost of living - remain hot topics, and are, in part influenced by where you live.

Last month, research by property platform Twindig found that the average price in London was 79pc - around £233,994 - higher than the average price across England.

Property prices in cities tend to be higher than in more rural areas and although market towns like Dereham are becoming increasingly popular -thanks to its good amenities and excellent transport links - you can still get a lot for your money.

Double bedroom with period style fireplace in a 4-storey home for sale off Commercial Road, Dereham

The rooms have high ceilings and are full of character - Credit: Minors & Brady

Huge light and airy room with wooden floors in a 4-storey home for sale off Commercial Road, Dereham

The property is beautifully decorated - Credit: Minors & Brady

Basement kitchen with rustic tiled floors in a 4-bed terrace for sale off Commercial Road, Dereham

The basement has been converted into a kitchen and dining room - Credit: Minors & Brady

This four-storey property is situated on Commercial Road and offers versatile living spaces and up to five bedrooms, as well as high ceilings and charming feature fireplaces.

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On the ground floor there is an entrance hall, lounge and another reception room, which could also be used as a bedroom and features a fireplace, chimney breast and double doors leading into a courtyard garden.

Huge bedroom with feature fireplace in a 4-storey period home for sale off Commercial Road, Dereham

Inside one of the bedrooms, which has a beautiful feature fireplace - Credit: Minors & Brady

The basement has been converted into a kitchen and dining room, with a separate utility space and a useful two-piece cloakroom.

The kitchen itself is well fitted, with base-level units, wood-effect work surfaces and a large free-standing range cooker, as well as space for an American fridge and freezer. There is also a good-sized dining space in the centre of the room, plus a completely separate dining room which sits towards the front of the home.

There are two double bedrooms and a single bedroom located off the first-floor landing, which are served by a family bathroom, and a further loft bedroom above. 

Fitted family bathroom in a 4-storey family home for sale off Commercial Road, Dereham, for £350k

The family bathroom - Credit: Minors & Brady

High ceilinged double bedroom in a 4-bed terrace for sale off Commercial Road, Dereham

Inside another of the bedrooms, featuring a wood floor and high ceiling - Credit: Minors & Brady

Cobblestone courtyard garden at the rear of a 4-storey terrace off Commercial Road, Dereham, which is up for sale for £350k

The rear courtyard garden is low-maintenance - Credit: Minors & Brady

To the rear of the property there is a large, low-maintenance courtyard garden, complete with a raised seating area and shrub borders.

Double wooden gates at the back lead to a private parking area, which offers space for up to two vehicles and can be accessed by a lane at the back.

For more information, contact Minors & Brady.

Commercial Road, Dereham
Offers in excess of £350,000
Minors & Brady, 01362 700820