On 11 April 1998 the Mid-Norfolk Railway Preservation Trust bought the route between Wymondham and Dereham for £100,000. This included the Dereham station buildings and the goods yard. The British Rail Property Board also sold the of track between Dereham and North Elmham for £25,000. On 17 March 1998 the MNRPT had signed a Tenancy at Will agreement with Breckland District Council to take over the station and trackbed at County School. This agreement was to allow the railway to take control of the station until it could afford to buy it outright, and followed on from the removal of the remaining rolling stock associated with the defunct Great Eastern Railway (1989) Ltd from the site.