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Town Green Road, Watton, Thetford

East of England

£305,000
Listed on 14/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This spacious three-bedroom detached bungalow presents a unique opportunity for those looking to invest in a property with considerable renovation potential. Nestled in a desirable non-estate area on the outskirts of Watton, the home is conveniently located near the town center, offering easy access to shops, supermarkets, cafes, schools, and medical facilities. Upon entering, you are greeted by a welcoming entrance hall that leads into a sizable lounge featuring a central log burner, creating a cozy atmosphere. The kitchen/diner is generously proportioned and offers ample space for reconfiguration or modern updates, making it an ideal area for entertaining. Each of the three bedrooms is equipped with radiator heating and large windows that allow natural light to flood in. The family bathroom includes essential amenities and provides an opportunity for redesign to better suit contemporary tastes. There is also new central heating installed as of February 2024, adding value and comfort from day one. Externally, the property benefits from substantial front and rear gardens that offer both landscaping possibilities and potential for further development (subject to relevant permissions). The driveway accommodates several vehicles and provides direct access to the garage. The rear garden features both established shrubbery and patio areas, presenting an appealing canvas for outdoor renovations or enhancements. With its prime location, generous space, and scope for customization or expansion, this bungalow is positioned well as both a comfortable family home and an attractive investment. Prospective buyers will appreciate the opportunity to transform this property into their ideal living space while enjoying all that the surrounding community has to offer.

Investment Analysis

(IP25 area)
Area Average
£265/sq ft
Avg Rent (weekly)
£235
Avg Yield
4.2%

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
21
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (IP25)

Area prices are falling by +8.5% over the last 12 months
3 year growth: -7.2%
5 year growth: 11.2%
Investment Disclaimer: Analysis based on IP25 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

Town Green Road, Watton, Thetford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,117
Based on a loan of £228,750 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