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Clay Street, Thornham Magna

East of England

£240,000
Listed on 17/03/2026

Property Details

Bedrooms
2
Type
Cottage
Area
982 sqft

Description

Nestled in the tranquil village of Thornham Magna, this semi-detached house presents a unique opportunity for buyers seeking a comprehensive renovation project. Characterized by its distinctive pink façade and surrounded by scenic field views, the property is primed for transformation into a personalized haven. The interior features a kitchen ready to be reimagined, along with a living room adorned with appealing wooden beams that provide both charm and character. A flexible ground-floor space can easily serve as an additional bedroom or study, while the upper level boasts two spacious bedrooms awaiting modernization. Outside, the property includes a fenced rear garden and a generous driveway capable of accommodating multiple vehicles, alongside an extra parcel of land that opens up possibilities for gardening or further development. This property is ideally priced to reflect the full renovation required, making it a blank canvas for those eager to create their dream home in this picturesque rural setting.

Investment Analysis

(IP23 area)

Below Market Value

This property is priced -18.3% below area average per sq ft

-18.3%
Potential saving
This Property
£244/sq ft
Area Average
£299/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£322,980
10% above area average per sq ft
Potential ROI
-2.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (IP23)

Area prices are rising by +13.3% over the last 12 months
3 year growth: -4.8%
5 year growth: +19.0%
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

Clay Street, Thornham Magna
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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
£866
Based on a loan of £180,000 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.

Price History

-14.3% since listed
£240,000£30,000(-11.1%)
18/03/2026
Current price
£270,000£10,000(-3.6%)
15/10/2025
£280,000Initial listing
13/10/2025

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