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St. Johns Way, Thetford

East of England

£230,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1151 sqft

Description

This spacious end-terraced home offers a blend of comfort and investment potential, ideal for those looking to make their mark. Inside, the ground floor features an open-plan lounge and dining area, enhanced by large French doors that create a seamless transition to the garden. The kitchen is modern but could benefit from some personal touches to fully unlock its potential. There's also a versatile sunroom, which while functional as is, offers excellent possibilities for enhancement to become a year-round entertaining space. Upstairs, three well-proportioned bedrooms share a contemporary family bathroom with additional convenience provided by a separate WC. The outdoor area includes an enclosed garden with lawn and patio spaces, perfect for leisure or social gatherings; it presents opportunities for landscaping or even expansion if desired. The property comes with secure off-road parking thanks to a driveway and garage. With minor updates throughout, this home not only allows immediate occupancy but also invites you to invest in improvements that could increase value significantly in this desirable part of Thetford.

Investment Analysis

(IP24 area)

Below Market Value

This property is priced -23.1% below area average per sq ft

-23.1%
Potential saving
This Property
£200/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£263
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£329,186
10% above area average per sq ft
Potential ROI
+31.7%
After renovation
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

St. Johns Way, 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
£843
Based on a loan of £172,500 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