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4 and 4A Norwich Road, Watton, Thetford, Norfolk IP25 6DB - Image 1
4 and 4A Norwich Road, Watton, Thetford, Norfolk IP25 6DB - Image 2
4 and 4A Norwich Road, Watton, Thetford, Norfolk IP25 6DB - Image 3
4 and 4A Norwich Road, Watton, Thetford, Norfolk IP25 6DB - Image 4
4 and 4A Norwich Road, Watton, Thetford, Norfolk IP25 6DB - Image 5

4 and 4A Norwich Road, Watton, Thetford, Norfolk IP25 6DB

East of England

£180,000
Listed on 27/05/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This mixed-use property offers a unique opportunity for renovation and investment in Watton. Comprising a retail space currently operating as a hair salon and a three-bedroom residence at the rear, this property holds significant potential for both personal use and income generation. The retail area, which has been a staple in the community for years, presents an option to reconfigure into two separate units, subject to planning permission. This flexibility allows for various business ventures or an expansion of existing operations. Behind the salon, the spacious residential unit features a living area, kitchen, three bedrooms, and a bathroom. A south-facing garden provides outdoor space that can be revitalized to enhance the property's appeal. Having been part of the same family for decades, the property is now vacant after previously being rented out under an Assured Shorthold Tenancy (AST). While some updates and maintenance are necessary, this presents an ideal canvas for investors or owner-occupiers looking to customize their space to meet modern standards. The separate entrances facilitate easy division between commercial and residential areas should that be preferred. Located prominently within Watton, this property benefits from high visibility and foot traffic, essential attributes for any successful endeavor. The exterior garden area is also ripe for improvement and could become an attractive feature with some landscaping work. With favorable business rates and council tax banding, this freehold property stands out as a promising investment opportunity worth considering. Viewings are available by appointment through our Norwich office—take advantage of this chance to explore its potential further.

Investment Analysis

(IP25 area)
Area Average
£268/sq ft
Avg Rent (weekly)
£262
Avg Yield
4.3%

Renovation Potential

Est. Renovation Cost
£18,000 - £45,000
10-25% of property value
Monthly Sales
16
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (IP25)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -2.1%
5 year growth: 18.6%
Investment Disclaimer: Analysis based on IP25 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

4 and 4A Norwich Road, Watton, Thetford, Norfolk IP25 6DB
Map showing location of 4 and 4A Norwich Road, Watton, Thetford, Norfolk IP25 6DB
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