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Churchill Road, Thetford, IP24

East of England

£250,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1789 sqft

Description

This three-bedroom semi-detached chalet offers an excellent opportunity for renovation and investment, featuring a self-contained annexe that enhances its potential for multi-generational living or additional rental income. The property is chain-free and set back from the road, providing a sense of privacy. The spacious block-paved driveway leads to a single garage, while the front garden is predominantly lawned. Upon entering, you are welcomed by a long hallway that creates an airy atmosphere throughout the home. The lounge presents comfortable living space with adaptable furniture arrangements. The kitchen and dining area are positioned towards the rear, equipped with ample storage options and a pantry, but could benefit from modernisation to maximise functionality. Accessed through this area is a sun room that opens to the garden, offering potential for further enhancement. The ground floor also features a fully tiled shower room and additional WC, catering to convenience. Upstairs, the principal bedroom boasts generous dimensions with space for wardrobes; two further bedrooms provide good-sized accommodations suitable for family use or guest rooms. A loft room adds potential for expansion or extra storage. The annexe is particularly noteworthy; it’s independently accessible and can be adapted as needed—perfect for guests or older family members requiring level access. This versatile addition includes its own kitchenette and bathroom facilities. Outside, the sizeable rear garden offers scope for landscaping or creating outdoor entertainment spaces along with an existing summer house/workshop that could serve various purposes. This property provides a blank canvas for those looking to inject their personal style while benefiting from its inherent flexibility.

Investment Analysis

(IP24 area)

Below Market Value

This property is priced -46.3% below area average per sq ft

-46.3%
Potential saving
This Property
£140/sq ft
Area Average
£260/sq ft
Avg Rent (weekly)
£263
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£511,654
10% above area average per sq ft
Potential ROI
+76.4%
After renovation
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

Churchill Road, Thetford, IP24
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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
£916
Based on a loan of £187,500 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