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Scotgate Close, Great Hockham, IP24

East of England

£250,000
Listed on 01/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1165 sqft

Description

This three-bedroom link-detached house, available without a chain, presents a unique opportunity for those looking to invest in a property with substantial renovation potential. Situated in a quiet cul-de-sac in the desirable village of Great Hockham, this home features spacious rooms and a practical layout that could be transformed into a modern living space. The ground floor boasts a generous dual-aspect lounge/diner extending over 22 feet, complete with a wood burner and patio doors leading to an enclosed rear garden. A sizable kitchen/diner further complements this level, alongside an entrance hall and convenient downstairs WC. On the upper floor, you'll find three bedrooms—two doubles and one single—all equipped with built-in storage. The family bathroom is also located here, awaiting updates to enhance functionality and style. While the property requires some updating throughout, its solid structure offers the ideal foundation for crafting a welcoming home tailored to personal tastes. The outdoor space includes an enclosed rear garden mostly laid to lawn with an adjoining patio perfect for summer gatherings. Additional features such as planted borders and a central pond add character. There's direct access to public pathways leading towards local amenities including the nearby primary school. Parking is made easy with a single garage and driveway space at the front of the property, where you'll also find the oil tank. Located in picturesque Norfolk countryside, Great Hockham combines rural charm with community spirit. Just 8 miles from Thetford and within reach of Norwich, this area provides both essential services like schools and shops as well as beautiful walking trails through Thetford Forest—a haven for nature enthusiasts.

Investment Analysis

(IP24 area)

Below Market Value

This property is priced -16.7% below area average per sq ft

-16.7%
Potential saving
This Property
£215/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£260
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£330,114
10% above area average per sq ft
Potential ROI
+13.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
83%
Properties sold annually

Local Market Trend (IP24)

Area prices are falling by -2.5% over the last 12 months
3 year growth: -7.6%
5 year growth: +10.4%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£902
Based on a loan of £187,500 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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