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Ely Way, Thetford

East of England

£140,000

Listed on 28/10/2025

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom mid-terrace property presents a promising opportunity for both first-time buyers and investors looking to enhance their portfolio. Located within the Abbey development in Thetford, this home comes with no onward chain and is currently let to tenants, offering immediate rental income potential. Theproperty's location in Thetford places it near the scenic Thetford Forest and Nunnery Lakes Nature Reserve, making it ideal for those who appreciate outdoor activities. It boasts easy access to major transport links, ensuring connectivity to London and beyond, along with essential town centre amenities. Inside, the layout includes a welcoming entrance hall leading to a cloakroom, a kitchen/diner that could benefit from modernisation, and a lounge with French doors opening to the rear garden. The first floor features three bedrooms and a family bathroom. While the home includes various functional elements like gas central heating and double glazing, it is ready for someone with vision to make aesthetic improvements or upgrades. With its strong investment potential and desirable location, this property stands out as an excellent choice for renovation enthusiasts.

Investment Analysis

(IP24 area)
Area Average
£259/sq ft
Avg Rent (weekly)
£269
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (IP24)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -5.8%
5 year growth: +8.1%
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

Ely Way, Thetford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£529
Based on a loan of £105,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

Price History

-6.7% since listed
£140,000£10,000(-6.7%)
05/03/2026
Current price
£150,000Initial listing
30/10/2025

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