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Scotgate Close, Great Hockham, IP24

East of England

£250,000
Listed on 14/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1206 sqft

Description

This three-bedroom link-detached house in the sought-after village of Great Hockham presents a compelling opportunity for renovation and investment. Situated at the end of a cul-de-sac, the property boasts a practical layout with spacious rooms, allowing for creative redesign and modernization. On the ground floor, you will find a generous dual-aspect lounge/diner measuring 22’10”, complete with a wood burner and sliding patio doors that lead to an enclosed rear garden. The kitchen/diner spans 16’11” and is designed for functionality, along with an entrance hall and a convenient downstairs WC. Moving upstairs, there are three bedrooms—two doubles and one single—all equipped with built-in storage solutions. The family bathroom is also located on this level. While the interior requires updating, its solid structure provides an excellent foundation for those looking to add value through personal touches. The exterior features an enclosed rear garden predominantly laid to lawn, offering ample space for landscaping or outdoor enhancements. A patio area borders the house, providing options for al fresco dining or relaxation. Additionally, a central pond adds charm to the garden while an outside tap and wood store enhance practicality. A gate at the back leads to a public pathway that conveniently connects to the nearby primary school. At the front of the property, you will find a single garage along with driveway parking, ensuring ample space for vehicles. The oil tank is conveniently located here as well. Nestled in picturesque Norfolk countryside, Great Hockham combines rural charm with community spirit. Essential amenities such as a primary school, local pub, and village hall are all within reach. Nature enthusiasts will appreciate proximity to Thetford Forest and various walking trails in the area. For broader shopping needs and amenities, both Thetford and Attleborough are just a short drive away, with easy access to the A11 facilitating commutes to larger towns. With its potential for renovation and its appealing location within a vibrant community, this property offers an ideal canvas for those looking to create their ideal home or capitalize on investment opportunities in this desirable village setting.

Investment Analysis

(IP24 area)

Below Market Value

This property is priced -20.3% below area average per sq ft

-20.3%
Potential saving
This Property
£207/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£263
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£344,916
10% above area average per sq ft
Potential ROI
+18.9%
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

Scotgate Close, Great Hockham, IP24
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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
£916
Based on a loan of £187,500 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