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2 College Farm Lane, Thompson, Thetford, Norfolk, IP24 1QG

East of England

£100,000
Listed on 22/04/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This traditional three-bedroom semi-detached house presents a solid investment opportunity for those looking to undertake renovations. Previously rented, the property is now available for immediate occupation and offers sealed double-glazing along with oil-fired central heating. However, prospective buyers should be prepared to modernize and enhance various aspects of the home to meet contemporary standards. The exterior features a front garden and a generously sized rear garden which both require attention, making them ideal for landscaping or private outdoor improvements. Additionally, a shared septic tank is in place, details of which are available in the legal pack. Located in the charming village of Thompson, nestled between Attleborough and Watton in South West Norfolk, this property could become a cozy family home or an attractive rental option with some thoughtful upgrades.

Investment Analysis

(IP24 area)
Area Average
£259/sq ft
Avg Rent (weekly)
£280
Avg Yield
5.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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
16%
Properties sold annually

Local Market Trend (IP24)

Area prices are falling by -5.1% over the last 12 months
3 year growth: -7.7%
5 year growth: +7.1%
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

2 College Farm Lane, Thompson, Thetford, Norfolk, IP24 1QG
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£354
Based on a loan of £75,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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