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Glebe Road, Watton, Thetford, IP25 6PL

East of England

£190,000
Listed on 18/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This charming two-bedroom detached bungalow presents a promising opportunity for buyers keen on renovation and personalizing a space to their taste. While the property does require modernization throughout, it is being offered to the market chain-free, facilitating a smooth purchasing process. Inside, you will find a generous living room benefiting from ample natural light through its front-facing windows. The kitchen, located at the rear of the home, includes a door that opens directly into the garden, connecting indoor and outdoor spaces. The two bedrooms are well-sized and are complemented by a bathroom that could be refreshed to enhance functionality. Externally, the property boasts an extensive driveway providing plenty of off-street parking options along with an attached garage featuring an up-and-over door for easy access. The private rear garden is filled with mature shrubs and flowering plants, offering potential for landscaping or outdoor enhancements. Located in a sought-after residential community, this bungalow benefits from proximity to local shopping and leisure amenities, making it ideal for both comfortable living and investment purposes. There is significant scope for renovation or even extension (subject to obtaining necessary planning permissions), making it suitable for downsizers, first-time buyers looking for a project, or investors interested in updating the property to maximize its value. Additionally, mains gas supply is readily available in the area, which could provide further options for modernization. This property stands as an excellent canvas for those ready to take on a home improvement project while enjoying the benefits of a desirable location.

Investment Analysis

(IP25 area)
Area Average
£265/sq ft
Avg Rent (weekly)
£235
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
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
11%
Properties sold annually

Local Market Trend (IP25)

Area prices are falling by +8.5% over the last 12 months
3 year growth: -7.2%
5 year growth: 11.2%
Investment Disclaimer: Analysis based on IP25 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

Glebe Road, Watton, Thetford, IP25 6PL
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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
£696
Based on a loan of £142,500 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