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Canon Close, Watton, Thetford

East of England

£175,000
Listed on 14/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached bungalow, located in a quiet cul-de-sac, presents a promising opportunity for renovation and investment. With its solid structure and well-proportioned spaces, it offers the potential for both modern updates and personal touches. The accommodation features a welcoming entrance hall that leads into a generous lounge, complete with a bay window that allows ample natural light. The kitchen is functional, equipped with base and wall units, and has space to accommodate essential appliances. Each of the three bedrooms offers comfortable living space, ideal for families or those looking to create guest rooms or home offices. The property includes a family bathroom as well as a separate toilet, which provides additional convenience. Outdoor amenities include a driveway with ample parking leading to a garage. The rear garden is predominantly paved but also includes areas of lawn and wooden decking, providing versatility for landscaping or outdoor entertaining. Various outbuildings in the garden can be repurposed for storage or creative projects. Situated in Watton, this bungalow benefits from proximity to local amenities such as supermarkets, schools, parks, and community facilities. Its location allows easy access to the picturesque Norfolk countryside and coastal areas while being just a short drive from Norwich city center for expanded shopping and leisure options. With no onward chain, this property is an ideal canvas for those looking to invest in an area with growth potential. Whether you are considering renovation for personal use or as an investment opportunity, this bungalow offers significant possibilities in a sought-after location.

Investment Analysis

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

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
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

Canon Close, Watton, Thetford
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£641
Based on a loan of £131,250 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