Worst House on the Street Logo
Thetford - Image 1
Thetford - Image 2
Thetford - Image 3
Thetford - Image 4
Thetford - Image 5

Thetford

East of England

£600,000
Listed on 24/05/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2149 sqft

Description

Nestled in a private gated community on the outskirts of Thetford, this four-bedroom single-storey home sits on an expansive plot of approximately 0.71 acres (STMS), offering significant potential for those looking to invest in property enhancement or renovation. While the residence is currently functional and offers a well-appointed layout, it presents ample opportunities for reconfiguration or modernization to suit contemporary tastes. The interior features two spacious reception areas that naturally separate living, dining, and entertaining spaces. Notably, the large sitting room boasts generous proportions and direct access to the garden, creating a seamless indoor-outdoor flow that can be further enhanced with modern updates. Adjacent to the sitting area is a separate dining space that accommodates both formal gatherings and casual meals. With four bedrooms and three bathrooms—including an en-suite attached to the principal bedroom—the home provides flexibility for families or professionals seeking additional space for remote work. A dedicated study adds practicality, while a utility room ensures everyday tasks are easily managed. The overall condition allows for immediate habitation while also inviting prospective enhancements to meet future needs. Externally, the property's sizable grounds stand out as a defining feature. The lush outdoor space is ideal for gardening enthusiasts or families seeking privacy and tranquility in their surroundings. Mature trees and established boundaries create a sense of seclusion, while a double garage and expansive driveway offer convenient parking solutions. The location enhances its appeal; set within easy reach of Thetford’s amenities—including schools, shops, and transport links—this property caters well to varied lifestyles without sacrificing privacy. The historic market town itself boasts rich heritage alongside modern conveniences, providing an attractive backdrop for both family life and investment potential. Residents benefit from excellent transport connectivity, with frequent train services linking them to Norwich and London, as well as easy access via major roadways to neighboring towns such as Bury St Edmunds and Cambridge. Nearby attractions like Thetford Forest offer recreational opportunities ranging from scenic walks to adventure activities. For those interested in crafting their dream space or investing in a property with substantial renovation possibilities, this home represents a unique opportunity within an enviable setting steeped in history and community spirit.

Investment Analysis

(IP24 area)

Above Market Value

This property is priced +9.3% above area average per sq ft

+9.3%
This Property
£279/sq ft
Area Average
£255/sq ft
Avg Rent (weekly)
£301
Avg Yield
6.5%

Renovation Potential

Est. Renovation Cost
£60,000 - £150,000
10-25% of property value
Target Value
£603,858
10% above area average per sq ft
Potential ROI
-19.5%
After renovation
Monthly Sales
19
Average per month
Market Turnover
37%
Properties sold annually

Local Market Trend (IP24)

Area prices are falling by +5.6% over the last 12 months
3 year growth: -4.4%
5 year growth: 11.8%
Investment Disclaimer: Analysis based on IP24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Thetford
Map showing location of Thetford
Open Map