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Benet Close, Thetford

East of England

£360,000
Listed on 14/10/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This spacious five-bedroom property, located in the historic market town of Thetford, presents an intriguing opportunity for renovation and transformation. Nestled near the borders of Cambridgeshire and Suffolk, it offers excellent road connectivity for commuters while being surrounded by a variety of recreational amenities. The proximity to the River Thet enhances the appeal with scenic riverside walks and potential for redevelopment initiatives in the area, including a cinema, restaurant, and hotel. Residents can take advantage of nearby Thetford Forest, which features extensive trails for walking and cycling, making it an attractive destination for outdoor enthusiasts and families alike. Inside, the layout is well-suited for modern living but could benefit from updates to maximize its full potential. The entrance hall provides access to multiple rooms on the ground floor, including a study that could serve as a home office or creative space. A generous living room flows into the dining area, both of which feature a considerable amount of natural light through large windows and patio doors leading to the rear garden. The kitchen/breakfast room offers ample space but may require modernization to align with current design trends. It boasts multiple appliances spaces and significant storage options. Upstairs, five bedrooms are available, including two with en-suite facilities; these areas present opportunities for personalization and improvement. The family bathroom is functional yet could warrant updating to enhance comfort and aesthetics further. Outside, a well-maintained front garden provides off-street parking alongside a tandem-style garage that includes electricity and lighting—a practical feature for additional storage or workshop space. The fully enclosed rear garden offers privacy and potential landscaping projects that can elevate outdoor living experiences. Given its location amid growing development prospects in Thetford combined with its adaptable interior layout, this property is ripe for investment by those looking to create lasting value through renovation efforts.

Investment Analysis

(IP24 area)
Area Average
£260/sq ft
Avg Rent (weekly)
£263
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (IP24)

Area prices are falling by +4.1% over the last 12 months
3 year growth: -7.5%
5 year growth: 13.8%
Investment Disclaimer: Analysis based on IP24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Benet Close, Thetford
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Mortgage Calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,319
Based on a loan of £270,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE