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Norwich Road, Watton, Thetford

East of England

£375,000
Listed on 22/02/2026

Property Details

Bedrooms
5
Type
Semi-detached house
Area
1808 sqft

Description

This expansive three-storey semi-detached residence presents a wealth of possibilities for transformation and investment. Featuring five sizeable bedrooms and two versatile reception areas, this home offers an ideal canvas for family living or potential rental income. The ground floor accommodates two generous lounges alongside a contemporary kitchen/breakfast room that encourages social interactions. Outside, the property includes extensive off-road parking with a garage and carport, complemented by a large rear garden ripe for landscaping or development into recreational spaces. With gas central heating already installed, including a new boiler, the structure is sound yet may benefit from modernisation in certain areas, especially the bathrooms and kitchen elements. The impressive outdoor space also holds prospects for further enhancement, such as creating play zones or dining areas. This is certainly a unique opportunity to acquire a property that balances spaciousness with potential while situated in a desirable area of East England.

Investment Analysis

(IP25 area)

Below Market Value

This property is priced -21.6% below area average per sq ft

-21.6%
Potential saving
This Property
£207/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£273
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£526,236
10% above area average per sq ft
Potential ROI
+26.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
18
Average per month
Market Turnover
42%
Properties sold annually

Local Market Trend (IP25)

Area prices are falling by -10.0% over the last 12 months
3 year growth: -8.1%
5 year growth: +10.1%
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

Norwich Road, Watton, Thetford
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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
£1,352
Based on a loan of £281,250 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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