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St. Johns Way, Thetford

East of England

£175,000
Listed on 24/09/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terraced home is situated in a well-regarded area of Thetford, known for its family-friendly environment and proximity to essential amenities. The property’s location offers easy access to local shops and services, making it an attractive choice for first-time buyers and investors alike. Upon entering, you’ll find a welcoming entrance hall that leads to a spacious living room bathed in natural light. The practical kitchen features a range of fitted units and offers opportunities for modernization, allowing new owners to tailor the space to their preferences. Upstairs, the property comprises three appropriately sized bedrooms, each providing flexible use options that can accommodate different living arrangements. The family bathroom is functional but presents the chance for updates during any renovation process. The generous rear garden serves as a blank canvas for landscaping or further development, whether you envision creating an outdoor retreat or enhancing curb appeal. The space has the potential to be transformed into an inviting area for relaxation or entertainment. While the property has been maintained over the years, it also provides ample opportunity for modern upgrades that could significantly increase its market value. With nearby parking options available, this home stands out as a promising investment opportunity worth exploring further.

Investment Analysis

(IP24 area)
Area Average
£260/sq ft
Avg Rent (weekly)
£263
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
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
£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