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Millfield, Ashill, Thetford

East of England

£220,000

Listed on 18/03/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
942 sqft

Description

This two-bedroom bungalow in the village of Ashill presents a noteworthy renovation opportunity. The property features a lounge, a kitchen with practical layout, a separate dining room, a bathroom equipped with a shower cubicle and additional WC, and two well-sized bedrooms. Although it currently provides comfortable living space, there is considerable potential for updating and modernising the interior to meet contemporary standards. The exterior includes an easily maintainable front garden and an enclosed rear garden that could be enhanced for more outdoor enjoyment or gardening pursuits. With excellent transport links to Norwich and Thetford, along with local amenities such as shops and a pub within walking distance, this property is ideally situated for both investment and self-enrichment purposes. The existing layout allows flexibility in reconfiguration options, making this bungalow an exciting project for those looking to increase its value.

Investment Analysis

(IP25 area)

Below Market Value

This property is priced -11.4% below area average per sq ft

-11.4%
Potential saving
This Property
£234/sq ft
Area Average
£264/sq ft
Avg Rent (weekly)
£254
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£273,194
10% above area average per sq ft
Potential ROI
+11.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (IP25)

Area prices are falling by -8.8% over the last 12 months
3 year growth: -8.3%
5 year growth: +5.2%
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

Millfield, Ashill, Thetford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£785
Based on a loan of £165,000 over 30 years at 3.97% 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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