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33 Magdalen Street, Thetford, Norfolk IP24 2BP - Image 1
33 Magdalen Street, Thetford, Norfolk IP24 2BP - Image 2
33 Magdalen Street, Thetford, Norfolk IP24 2BP - Image 3
33 Magdalen Street, Thetford, Norfolk IP24 2BP - Image 4
33 Magdalen Street, Thetford, Norfolk IP24 2BP - Image 5
33 Magdalen Street, Thetford, Norfolk IP24 2BP - Image 6
33 Magdalen Street, Thetford, Norfolk IP24 2BP - Image 7
33 Magdalen Street, Thetford, Norfolk IP24 2BP - Image 8
33 Magdalen Street, Thetford, Norfolk IP24 2BP - Image 9
33 Magdalen Street, Thetford, Norfolk IP24 2BP - Image 10

33 Magdalen Street, Thetford, Norfolk IP24 2BP

East of England

£44,000
Listed on 23/11/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terraced house in Thetford is a promising project for those looking to invest in a property that requires comprehensive refurbishment. Situated in a charming market town, this home offers the potential for significant enhancement and personalization. The layout includes a lounge, kitchen/diner, and a downstairs bathroom, with both bedrooms located upstairs, providing ample space to create a comfortable living environment. The garden boasts a good size with a patio area, while on-road parking is available at the front. Thetford's strategic location near the Cambridgeshire and Suffolk borders ensures excellent transport links and easy access for commuters. With its mix of historical charm and modern amenities, including restaurants and leisure facilities nearby, this property stands out as an exciting opportunity for first-time buyers or investors eager to revitalize a home in one of Norfolk’s appealing towns.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £35,000
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

33 Magdalen Street, Thetford, Norfolk IP24 2BP
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Mortgage Calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£161
Based on a loan of £33,000 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