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The Street, Thornham Magna, Eye

East of England

£425,000
Listed on 01/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1584 sqft

Description

This Grade II listed semi-detached cottage offers a unique investment opportunity within the picturesque village of Thornham Magna, surrounded by tranquil fields. With its characterful features and substantial renovations completed in recent years, the property provides potential for further enhancement, particularly through the conversion of the former Reading Rooms. Boasting over 1150 sqft of living space, it includes two versatile reception rooms and a modern kitchen/breakfast area equipped with integrated appliances and a practical pantry. The first floor hosts three well-proportioned bedrooms, ideal for families or as rental opportunities. The generous 0.31-acre plot presents ample outdoor space that could be further developed, while maintaining privacy thanks to mature planting and hedging. Off-road parking is available on the brick-paved driveway, making this charming home an excellent candidate for any renovation enthusiast keen on adding value.

Investment Analysis

(IP23 area)

Below Market Value

This property is priced -10.7% below area average per sq ft

-10.7%
Potential saving
This Property
£268/sq ft
Area Average
£300/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£523,330
10% above area average per sq ft
Potential ROI
+12.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (IP23)

Area prices are rising by +11.5% over the last 12 months
3 year growth: -8.1%
5 year growth: +17.5%
Investment Disclaimer: Analysis based on IP23 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

The Street, Thornham Magna, Eye
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,533
Based on a loan of £318,750 over 30 years at 4.06% 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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