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St. Johns Way, Thetford IP24

East of England

£230,000
Listed on 16/09/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
1151 sqft

Description

This end-terraced home offers a solid foundation for both comfortable living and future enhancement, making it an excellent opportunity for those looking to invest or undertake a renovation project. With two well-proportioned bedrooms and the potential for expansion, this property presents a versatile canvas for customization. On the ground floor, you’ll find a practical layout that includes a modern kitchen equipped with integrated appliances, which flows seamlessly into an open-plan lounge and dining area. French doors lead out to the garden, allowing natural light to fill the space while providing easy access to outdoor areas—a perfect setting for entertaining or relaxing. The adjacent sunroom further enhances this functional design, offering additional living space that could benefit from your personal touch. Upstairs, two spacious bedrooms provide ample accommodation along with a contemporary family bathroom featuring both bath and shower facilities. A separate WC on this level adds convenience, while downstairs offers another WC—ideal for busy mornings or hosting guests. The outdoor area is equally appealing, featuring an enclosed rear garden with a blend of lawn, patio, and a covered seating section currently accommodating a hot tub—a potential focal point for outdoor leisure activities. This private space holds promise for landscaping enhancements or further personalization. Situated in a well-connected part of Thetford, the property enjoys proximity to amenities such as shops, schools, and recreational spaces. Nearby Thetford Forest Park provides excellent opportunities for walking and cycling. Commuters will appreciate easy access to major roadways like the A11, linking them to Norwich and Cambridge while also being serviced by mainline trains connecting to broader regional destinations. For investors or first-time buyers eager to make their mark in an attractive locale with strong rental potential or resale value, this home represents an enticing opportunity ripe with possibilities. With off-road parking available via the driveway and garage—complete with power connections—the property is ready for both immediate enjoyment and future updates tailored to your vision.

Investment Analysis

(IP24 area)

Below Market Value

This property is priced -21.8% below area average per sq ft

-21.8%
Potential saving
This Property
£200/sq ft
Area Average
£255/sq ft
Avg Rent (weekly)
£301
Avg Yield
6.5%

Renovation Potential

Est. Renovation Cost
£23,000 - £57,500
10-25% of property value
Target Value
£323,425
10% above area average per sq ft
Potential ROI
+12.5%
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

St. Johns Way, Thetford IP24
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