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Fir Road, Thetford, IP24

East of England

£180,000
Listed on 04/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1066 sqft

Description

This three-bedroom mid-terraced house presents a noteworthy opportunity for renovation and personalisation, ideal for those looking to invest in a family home or rental property. Conveniently located near the A11, the property is within easy reach of local amenities and the picturesque countryside. The home features a thoughtful rear extension that enhances its living space, comprising a bright lounge leading to a separate dining area and a functional downstairs shower room. While it requires modernisation, this property offers ample scope for buyers to customise the interior to their liking. The kitchen is equipped with sufficient storage and workspace, while all three bedrooms are well-sized, making them suitable for family living or potential remote working arrangements. This is an opportunity not to be missed for anyone eager to create their perfect living space.

Investment Analysis

(IP24 area)

Below Market Value

This property is priced -34.5% below area average per sq ft

-34.5%
Potential saving
This Property
£169/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
£302,062
10% above area average per sq ft
Potential ROI
+37.3%
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

Fir Road, Thetford, 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
£649
Based on a loan of £135,000 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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