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Mingay Road, Thetford, IP24

East of England

£160,000
Listed on 07/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
905 sqft

Description

This end-of-terrace three-bedroom property on Mingay Road in Thetford offers a substantial opportunity for those eager to invest. Although it requires considerable updating, the layout presents a solid foundation for modernization. The front garden features a pathway and shrub border leading to the entrance, while inside, you are greeted by an entrance hall that leads into a spacious living room with dual aspects and patio doors opening to the rear garden. The kitchen/dining area, which includes practical storage solutions and ample space for dining, also accesses the garden directly. Upstairs, the accommodation comprises three well-sized bedrooms, with the principal bedroom benefiting from built-in storage. A separate bathroom and WC add convenience to this family-friendly layout. The rear garden is predominantly lawned with a patio area for outdoor enjoyment, enclosed by brick walls and fencing. This property’s renovation potential is significant, making it an ideal project for investors or buyers looking to tailor their future home to personal taste. With some creative updates, this space can truly shine.

Investment Analysis

(IP24 area)

Below Market Value

This property is priced -31.7% below area average per sq ft

-31.7%
Potential saving
This Property
£177/sq ft
Area Average
£259/sq ft
Avg Rent (weekly)
£279
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£257,735
10% above area average per sq ft
Potential ROI
+28.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
75%
Properties sold annually

Local Market Trend (IP24)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -6.0%
5 year growth: +11.3%
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

Mingay 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
£577
Based on a loan of £120,000 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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